India stocks lower at close of trade; Nifty 50 down 2.43%

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At the close in NSE, the Nifty 50 lost 2.43%, while the BSE Sensex 30 index declined 2.61%.

The best performers of the session on the Nifty 50 were Asian Paints Ltd. (NS:ASPN), which rose 0.41% or 8.55 points to trade at 2079.90 at the close. Meanwhile, JSW Steel Ltd (NS:JSTL) added 0.17% or 0.50 points to end at 291.15 and Coal India Ltd (NS:COAL) was up 0.05% or 0.05 points to 110.60 in late trade.

The worst performers of the session were Bajaj Finance Ltd (NS:BJFN), which fell 4.98% or 168.05 points to trade at 3204.00 at the close. Bharti Infratel Ltd (NS:BHRI) declined 4.77% or 9.05 points to end at 180.50 and Tech Mahindra Ltd (NS:TEML) was down 4.43% or 37.60 points to 811.25.

The top performers on the BSE Sensex 30 were Asian Paints Ltd. (BO:ASPN) which rose 0.32% to 2078.00, NTPC Ltd (BO:NTPC) which was down 0.19% to settle at 78.95 and Hindustan Unilever Ltd. (BO:HLL) which lost 0.37% to close at 2150.15.

The worst performers were Bajaj Finance Ltd (BO:BJFN) which was down 4.92% to 3205.50 in late trade, Tech Mahindra Ltd (BO:TEML) which lost 4.32% to settle at 812.20 and ICICI Bank Ltd (BO:ICBK) which was down 3.97% to 390.65 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1219 to 407 and 69 ended unchanged; on the Bombay Stock Exchange, 1755 fell and 802 advanced, while 142 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 9.14% to 22.0575.

Gold Futures for December delivery was down 0.40% or 7.55 to $1899.75 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November fell 2.22% or 0.91 to hit $40.13 a barrel, while the December Brent oil contract fell 1.99% or 0.86 to trade at $42.46 a barrel.

USD/INR was up 0.24% to 73.416, while EUR/INR rose 0.04% to 86.0585.

The US Dollar Index Futures was up 0.29% at 93.638.