India stocks lower at close of trade; Nifty 50 down 1.34%

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At the close in NSE, the Nifty 50 declined 1.34%, while the BSE Sensex 30 index lost 1.48%.

The best performers of the session on the Nifty 50 were Bharti Airtel Ltd. (NS:BRTI), which rose 3.32% or 14.40 points to trade at 447.75 at the close. Meanwhile, UPL Ltd (NS:UPLL) added 2.72% or 11.95 points to end at 450.50 and Mahindra & Mahindra Ltd. (NS:MAHM) was up 1.31% or 7.85 points to 605.00 in late trade.

The worst performers of the session were Housing Development Finance Corporation Ltd (NS:HDFC), which fell 3.54% or 72.25 points to trade at 1969.10 at the close. Dr. Reddy’s Laboratories Ltd (NS:REDY) declined 3.22% or 164.40 points to end at 4935.00 and IndusInd Bank Ltd. (NS:INBK) was down 3.18% or 19.50 points to 594.50.

The top performers on the BSE Sensex 30 were Bharti Airtel Ltd (BO:BRTI) which rose 4.26% to 451.45, Mahindra & Mahindra Ltd. (BO:MAHM) which was up 1.17% to settle at 603.95 and Maruti Suzuki India Ltd. (BO:MRTI) which gained 0.33% to close at 7182.45.

The worst performers were Housing Development Finance Corporation Ltd (BO:HDFC) which was down 3.39% to 1970.10 in late trade, ICICI Bank Ltd (BO:ICBK) which lost 3.34% to settle at 396.15 and IndusInd Bank Ltd. (BO:INBK) which was down 3.14% to 594.70 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1059 to 528 and 95 ended unchanged; on the Bombay Stock Exchange, 1575 fell and 971 advanced, while 148 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 4.89% to 23.2800 a new 1-month high.

Gold Futures for December delivery was down 0.71% or 13.55 to $1898.35 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in December fell 4.09% or 1.62 to hit $37.95 a barrel, while the January Brent oil contract fell 3.32% or 1.38 to trade at $40.23 a barrel.

USD/INR was up 0.32% to 73.861, while EUR/INR fell 0.10% to 86.7490.

The US Dollar Index Futures was up 0.50% at 93.388.