India stocks lower at close of trade; Nifty 50 down 0.10%

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At the close in NSE, the Nifty 50 declined 0.10%, while the BSE Sensex 30 index declined 0.34%.

The best performers of the session on the Nifty 50 were Dr. Reddy’s Laboratories Ltd (NS:REDY), which rose 9.92% or 478.75 points to trade at 5306.00 at the close. Meanwhile, Cipla Ltd. (NS:CIPL) added 7.11% or 53.40 points to end at 804.90 and Adani Port and Special Economic Zone Ltd (NS:APSE) was up 3.76% or 13.00 points to 359.10 in late trade.

The worst performers of the session were HDFC Bank Ltd (NS:HDBK), which fell 2.28% or 24.70 points to trade at 1058.90 at the close. Shree Cements Ltd. (NS:SHCM) declined 2.00% or 397.65 points to end at 19490.75 and Kotak Mahindra Bank Ltd. (NS:KTKM) was down 1.85% or 24.10 points to 1281.00.

The top performers on the BSE Sensex 30 were Bharti Airtel Ltd (BO:BRTI) which rose 3.73% to 496.70, Mahindra & Mahindra Ltd. (BO:MAHM) which was up 2.79% to settle at 654.90 and Tech Mahindra Ltd (BO:TEML) which gained 2.67% to close at 808.00.

The worst performers were HDFC Bank Ltd (BO:HDBK) which was down 2.39% to 1057.40 in late trade, Maruti Suzuki India Ltd. (BO:MRTI) which lost 1.88% to settle at 6952.00 and Bajaj Finserv Ltd (BO:BJFS) which was down 1.82% to 5897.50 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 888 to 724 and 78 ended unchanged; on the Bombay Stock Exchange, 1389 fell and 1254 advanced, while 163 ended unchanged.

Shares in Dr. Reddy’s Laboratories Ltd (NS:REDY) rose to all time highs; rising 9.92% or 478.75 to 5306.00. Shares in Cipla Ltd. (NS:CIPL) rose to all time highs; up 7.11% or 53.40 to 804.90. Shares in Mahindra & Mahindra Ltd. (BO:MAHM) rose to 52-week highs; gaining 2.79% or 17.75 to 654.90.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 0.27% to 20.0450.

Gold Futures for December delivery was up 0.59% or 11.60 to $1961.50 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in October rose 0.41% or 0.17 to hit $41.14 a barrel, while the November Brent oil contract rose 0.53% or 0.23 to trade at $43.53 a barrel.

USD/INR was down 0.25% to 73.419, while EUR/INR fell 0.28% to 86.9470.

The US Dollar Index Futures was down 0.08% at 92.898.

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