India stocks lower at close of trade; Nifty 50 down 0.87%

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At the close in NSE, the Nifty 50 fell 0.87%, while the BSE Sensex 30 index lost 0.94%.

The best performers of the session on the Nifty 50 were IndusInd Bank Ltd. (NS:INBK), which rose 4.50% or 23.70 points to trade at 550.00 at the close. Meanwhile, Vedanta Ltd (NS:VDAN) added 2.70% or 2.90 points to end at 110.50 and JSW Steel Ltd (NS:JSTL) was up 2.31% or 4.40 points to 195.25 in late trade.

The worst performers of the session were Bajaj Finance Ltd (NS:BJFN), which fell 4.62% or 154.95 points to trade at 3197.00 at the close. Zee Entertainment Enterprises Ltd. (NS:ZEE) declined 4.60% or 8.30 points to end at 172.00 and Asian Paints Ltd. (NS:ASPN) was down 3.25% or 56.75 points to 1689.00.

The top performers on the BSE Sensex 30 were IndusInd Bank Ltd. (BO:INBK) which rose 5.06% to 552.85, State Bank Of India (BO:SBI) which was up 1.80% to settle at 191.95 and Hindustan Unilever Ltd. (BO:HLL) which gained 1.40% to close at 2184.35.

The worst performers were Bajaj Finance Ltd (BO:BJFN) which was down 4.45% to 3203.60 in late trade, Asian Paints Ltd. (BO:ASPN) which lost 3.37% to settle at 1686.60 and Bajaj Finserv Ltd (BO:BJFS) which was down 3.09% to 6393.05 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 982 to 651 and 42 ended unchanged; on the Bombay Stock Exchange, 1441 fell and 1152 advanced, while 149 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 3.97% to 26.1000.

Gold Futures for August delivery was up 0.29% or 5.20 to $1815.10 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August fell 0.17% or 0.07 to hit $40.55 a barrel, while the September Brent oil contract fell 0.02% or 0.01 to trade at $43.07 a barrel.

USD/INR was up 0.26% to 74.999, while EUR/INR rose 0.32% to 84.5765.

The US Dollar Index Futures was up 0.07% at 96.905.