India stocks lower at close of trade; Nifty 50 down 0.57%

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At the close in NSE, the Nifty 50 lost 0.57%, while the BSE Sensex 30 index lost 0.60%.

The best performers of the session on the Nifty 50 were Hero MotoCorp Ltd (NS:HROM), which rose 1.34% or 36.00 points to trade at 2,722.00 at the close. Meanwhile, IndusInd Bank Ltd. (NS:INBK) added 1.04% or 12.65 points to end at 1,232.95 and ITC Ltd (NS:ITC) was up 0.98% or 4.15 points to 428.10 in late trade.

The worst performers of the session were Kotak Mahindra Bank Ltd. (NS:KTKM), which fell 1.95% or 38.05 points to trade at 1,909.00 at the close. Apollo Hospitals Enterprises Ltd. (NS:APLH) declined 1.74% or 79.10 points to end at 4,476.00 and SBI Life Insurance Company Ltd (NS:SBIL) was down 1.65% or 19.50 points to 1,161.25.

The top performers on the BSE Sensex 30 were IndusInd Bank Ltd. (BO:INBK) which rose 1.27% to 1,235.65, ITC Ltd (BO:ITC) which was up 0.87% to settle at 427.65 and Bharti Airtel Ltd (BO:BRTI) which gained 0.68% to close at 793.20.

The worst performers were Kotak Mahindra Bank Ltd. (BO:KTKM) which was down 1.80% to 1,909.85 in late trade, HCL Technologies Ltd (BO:HCLT) which lost 1.50% to settle at 1,074.65 and Tata Consultancy Services Ltd. (BO:TCS) which was down 1.47% to 3,209.10 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1006 to 906 and 71 ended unchanged; on the Bombay Stock Exchange, 1689 fell and 1672 advanced, while 134 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 1.41% to 13.10.

Gold Futures for June delivery was down 0.06% or 1.15 to $1,991.85 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June rose 0.64% or 0.45 to hit $71.31 a barrel, while the July Brent oil contract rose 0.63% or 0.47 to trade at $75.38 a barrel.

USD/INR was up 0.11% to 82.38, while EUR/INR fell 0.23% to 89.18.

The US Dollar Index Futures was up 0.38% at 102.79.