India stocks lower at close of trade; Nifty 50 down 0.01%

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At the close in NSE, the Nifty 50 declined 0.01%, while the BSE Sensex 30 index declined 0.10%.

The best performers of the session on the Nifty 50 were Power Grid Corporation of India Ltd (NS:PGRD), which rose 6.26% or 13.30 points to trade at 225.75 at the close. Meanwhile, Oil And Natural Gas Corporation Ltd (NS:ONGC) added 4.98% or 4.90 points to end at 103.35 and Tata Steel Ltd (NS:TISC) was up 3.79% or 25.50 points to 697.65 in late trade.

The worst performers of the session were ICICI Bank Ltd (NS:ICBK), which fell 2.34% or 15.80 points to trade at 658.15 at the close. AXIS Bank Ltd (NS:AXBK) declined 2.20% or 17.45 points to end at 776.55 and Eicher Motors Ltd. (NS:EICH) was down 1.63% or 45.05 points to 2725.00.

The top performers on the BSE Sensex 30 were Power Grid Corporation of India Ltd (BO:PGRD) which rose 6.24% to 225.45, Oil And Natural Gas Corporation Ltd (BO:ONGC) which was up 5.18% to settle at 103.50 and NTPC Ltd (BO:NTPC) which gained 2.89% to close at 98.00.

The worst performers were AXIS Bank Ltd. (BO:AXBK) which was down 2.37% to 775.65 in late trade, ICICI Bank Ltd (BO:ICBK) which lost 2.31% to settle at 658.45 and Nestle India Ltd (BO:NEST) which was down 1.64% to 17198.00 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 938 to 683 and 78 ended unchanged; on the Bombay Stock Exchange, 1563 fell and 1312 advanced, while 149 ended unchanged.

Shares in Power Grid Corporation of India Ltd (NS:PGRD) rose to 3-years highs; gaining 6.26% or 13.30 to 225.75. Shares in Power Grid Corporation of India Ltd (BO:PGRD) rose to 3-years highs; up 6.24% or 13.25 to 225.45.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 1.42% to 21.7800.

Gold Futures for April delivery was up 0.11% or 2.05 to $1825.25 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March rose 0.55% or 0.33 to hit $59.80 a barrel, while the April Brent oil contract fell 0.25% or 0.16 to trade at $63.14 a barrel.

USD/INR was up 0.09% to 72.680, while EUR/INR rose 0.39% to 88.4155.

The US Dollar Index Futures was down 0.38% at 90.123.

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