India stocks lower at close of trade; Nifty 50 down 0.12%

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At the close in NSE, the Nifty 50 declined 0.12%, while the BSE Sensex 30 index lost 0.02%.

The best performers of the session on the Nifty 50 were HDFC Life Insurance Company Ltd (NS:HDFL), which rose 1.62% or 8.75 points to trade at 550.00 at the close. Meanwhile, AXIS Bank Ltd (NS:AXBK) added 1.49% or 9.35 points to end at 634.90 and State Bank Of India (NS:SBI) was up 1.48% or 6.80 points to 465.90 in late trade.

The worst performers of the session were Bajaj Auto Ltd (NS:BAJA), which fell 4.16% or 160.95 points to trade at 3,706.60 at the close. Cipla Ltd. (NS:CIPL) declined 3.21% or 30.45 points to end at 917.20 and Eicher Motors Ltd. (NS:EICH) was down 3.20% or 92.25 points to 2,794.35.

The top performers on the BSE Sensex 30 were AXIS Bank Ltd. (BO:AXBK) which rose 1.74% to 636.70, State Bank Of India (BO:SBI) which was up 1.38% to settle at 465.80 and Kotak Mahindra Bank Ltd. (BO:KTKM) which gained 0.92% to close at 1,657.35.

The worst performers were Tech Mahindra Ltd (BO:TEML) which was down 2.09% to 999.70 in late trade, Bajaj Finance Ltd (BO:BJFN) which lost 2.00% to settle at 5,400.45 and Bajaj Finserv Ltd (BO:BJFS) which was down 1.74% to 10,921.00 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1175 to 648 and 45 ended unchanged; on the Bombay Stock Exchange, 1838 fell and 1324 advanced, while 140 ended unchanged.

Shares in Bajaj Finserv Ltd (BO:BJFS) fell to 52-week lows; falling 1.74% or 193.45 to 10,921.00.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 0.27% to 21.84.

Gold Futures for August delivery was down 0.36% or 6.50 to $1,811.00 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August fell 0.46% or 0.50 to hit $109.28 a barrel, while the September Brent oil contract fell 0.29% or 0.33 to trade at $112.12 a barrel.

USD/INR was up 0.13% to 78.98, while EUR/INR fell 0.16% to 82.26.

The US Dollar Index Futures was up 0.21% at 105.07.