India stocks lower at close of trade; Nifty 50 down 0.05%

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At the close in NSE, the Nifty 50 fell 0.05% to hit a new 1-month low, while the BSE Sensex 30 index declined 0.07%.

The best performers of the session on the Nifty 50 were Cipla Ltd. (NS:CIPL), which rose 3.10% or 33.05 points to trade at 1,098.70 at the close. Meanwhile, Tata Consumer Products Ltd (NS:TACN) added 2.48% or 19.40 points to end at 800.25 and IndusInd Bank Ltd. (NS:INBK) was up 2.11% or 24.20 points to 1,173.80 in late trade.

The worst performers of the session were Hero MotoCorp Ltd (NS:HROM), which fell 3.05% or 83.10 points to trade at 2,638.25 at the close. Adani Ports and Special Economic Zone Ltd (NS:APSE) declined 2.22% or 19.20 points to end at 844.20 and Tata Steel Ltd (NS:TISC) was down 2.20% or 2.20 points to 97.65.

The top performers on the BSE Sensex 30 were Power Grid Corporation of India Ltd (BO:PGRD) which rose 1.81% to 204.90, IndusInd Bank Ltd. (BO:INBK) which was up 1.32% to settle at 1,164.40 and Dr. Reddy’s Laboratories Ltd (BO:REDY) which gained 1.29% to close at 4,185.70.

The worst performers were Tata Steel Ltd (BO:TISC) which was down 2.25% to 97.60 in late trade, Titan Company Ltd (BO:TITN) which lost 1.79% to settle at 2,606.95 and Kotak Mahindra Bank Ltd. (BO:KTKM) which was down 1.52% to 1,801.25 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1058 to 764 and 54 ended unchanged; on the Bombay Stock Exchange, 1797 rose and 1467 declined, while 130 ended unchanged.

Shares in Cipla Ltd. (NS:CIPL) rose to all time highs; rising 3.10% or 33.05 to 1,098.70.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 1.48% to 21.57.

Gold Futures for December delivery was up 0.67% or 10.95 to $1,644.35 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 1.62% or 1.24 to hit $77.95 a barrel, while the December Brent oil contract rose 1.71% or 1.42 to trade at $84.28 a barrel.

USD/INR was down 0.11% to 81.54, while EUR/INR rose 0.29% to 78.63.

The US Dollar Index Futures was down 0.44% at 113.52.