India stocks lower at close of trade; Nifty 50 down 0.13%

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At the close in NSE, the Nifty 50 declined 0.13%, while the BSE Sensex 30 index lost 0.16%.

The best performers of the session on the Nifty 50 were Hero MotoCorp Ltd (NS:HROM), which rose 3.82% or 112.85 points to trade at 3,066.90 at the close. Meanwhile, SBI Life Insurance Company Ltd (NS:SBIL) added 3.59% or 46.80 points to end at 1,349.35 and Cipla Ltd. (NS:CIPL) was up 3.50% or 42.80 points to 1,266.45 in late trade.

The worst performers of the session were Adani Enterprises Ltd (NS:ADEL), which fell 2.98% or 75.95 points to trade at 2,474.55 at the close. Power Grid Corporation of India Ltd (NS:PGRD) declined 2.60% or 6.45 points to end at 241.50 and Hindalco Industries Ltd. (NS:HALC) was down 2.17% or 10.10 points to 454.75.

The top performers on the BSE Sensex 30 were Tech Mahindra Ltd (BO:TEML) which rose 1.82% to 1,205.30, Wipro Ltd (BO:WIPR) which was up 1.34% to settle at 416.55 and Bajaj Finance Ltd (BO:BJFN) which gained 0.98% to close at 7,186.35.

The worst performers were Power Grid Corporation of India Ltd (BO:PGRD) which was down 2.62% to 241.50 in late trade, Mahindra & Mahindra Ltd. (BO:MAHM) which lost 1.78% to settle at 1,499.55 and HCL Technologies Ltd (BO:HCLT) which was down 0.88% to 1,140.90 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1028 to 955 and 65 ended unchanged; on the Bombay Stock Exchange, 1789 rose and 1695 declined, while 140 ended unchanged.

Shares in SBI Life Insurance Company Ltd (NS:SBIL) rose to all time highs; gaining 3.59% or 46.80 to 1,349.35. Shares in Cipla Ltd. (NS:CIPL) rose to all time highs; gaining 3.50% or 42.80 to 1,266.45.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 2.00% to 11.32.

Gold Futures for December delivery was down 0.19% or 3.75 to $1,966.25 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September fell 1.53% or 1.25 to hit $80.69 a barrel, while the October Brent oil contract fell 1.57% or 1.34 to trade at $84.00 a barrel.

USD/INR was up 0.01% to 82.84, while EUR/INR fell 0.30% to 90.78.

The US Dollar Index Futures was up 0.51% at 102.38.