India stocks lower at close of trade; Nifty 50 down 0.44%

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At the close in NSE, the Nifty 50 declined 0.44%, while the BSE Sensex 30 index declined 0.39%.

The best performers of the session on the Nifty 50 were Coal India Ltd (NS:COAL), which rose 1.36% or 3.05 points to trade at 227.00 at the close. Meanwhile, Power Grid Corporation of India Ltd (NS:PGRD) added 1.18% or 2.60 points to end at 223.35 and HDFC Bank Ltd (NS:HDBK) was up 0.95% or 15.60 points to 1,659.70 in late trade.

The worst performers of the session were Hindustan Unilever Ltd. (NS:HLL), which fell 3.83% or 101.55 points to trade at 2,548.20 at the close. Asian Paints Ltd. (NS:ASPN) declined 2.83% or 81.15 points to end at 2,785.00 and Bajaj Finance Ltd (NS:BJFN) was down 2.77% or 166.45 points to 5,846.00.

The top performers on the BSE Sensex 30 were Power Grid Corporation of India Ltd (BO:PGRD) which rose 1.20% to 223.40, HDFC Bank Ltd (BO:HDBK) which was up 1.02% to settle at 1,660.80 and Housing Development Finance Corporation Ltd (BO:HDFC) which gained 0.87% to close at 2,715.55.

The worst performers were Hindustan Unilever Ltd. (BO:HLL) which was down 3.84% to 2,548.35 in late trade, Asian Paints Ltd. (BO:ASPN) which lost 2.79% to settle at 2,788.10 and Bajaj Finance Ltd (BO:BJFN) which was down 2.57% to 5,857.90 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1175 to 730 and 71 ended unchanged; on the Bombay Stock Exchange, 1837 fell and 1514 advanced, while 164 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 1.24% to 13.79 a new 1-month low.

Gold Futures for February delivery was up 0.35% or 6.65 to $1,930.55 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March rose 0.29% or 0.23 to hit $80.84 a barrel, while the March Brent oil contract rose 0.23% or 0.20 to trade at $86.36 a barrel.

USD/INR was down 0.08% to 81.18, while EUR/INR unchanged 0.00% to 87.96.

The US Dollar Index Futures was up 0.15% at 101.99.