India stocks lower at close of trade; Nifty 50 down 0.18%

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At the close in NSE, the Nifty 50 declined 0.18%, while the BSE Sensex 30 index lost 0.18%.

The best performers of the session on the Nifty 50 were Sun Pharmaceutical Industries Ltd. (NS:SUN), which rose 2.60% or 22.35 points to trade at 882.50 at the close. Meanwhile, Oil And Natural Gas Corporation Ltd (NS:ONGC) added 2.21% or 2.75 points to end at 127.20 and Dr. Reddy’s Laboratories Ltd (NS:REDY) was up 1.88% or 84.65 points to 4,586.25 in late trade.

The worst performers of the session were Hero MotoCorp Ltd (NS:HROM), which fell 1.79% or 50.95 points to trade at 2,792.40 at the close. AXIS Bank Ltd (NS:AXBK) declined 1.63% or 11.05 points to end at 668.85 and HCL Technologies Ltd (NS:HCLT) was down 1.59% or 14.55 points to 903.20.

The top performers on the BSE Sensex 30 were Sun Pharmaceutical Industries Ltd. (BO:SUN) which rose 2.28% to 880.15, Dr. Reddy’s Laboratories Ltd (BO:REDY) which was up 1.73% to settle at 4,581.20 and Kotak Mahindra Bank Ltd. (BO:KTKM) which gained 1.50% to close at 1,769.00.

The worst performers were AXIS Bank Ltd. (BO:AXBK) which was down 1.74% to 668.05 in late trade, HCL Technologies Ltd (BO:HCLT) which lost 1.53% to settle at 903.70 and State Bank Of India (BO:SBI) which was down 1.48% to 479.45 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1156 to 660 and 54 ended unchanged; on the Bombay Stock Exchange, 1865 fell and 1338 advanced, while 135 ended unchanged.

Shares in HCL Technologies Ltd (NS:HCLT) fell to 52-week lows; falling 1.59% or 14.55 to 903.20. Shares in HCL Technologies Ltd (BO:HCLT) fell to 52-week lows; losing 1.53% or 14.05 to 903.70.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 0.97% to 18.34.

Gold Futures for August delivery was down 1.38% or 23.90 to $1,711.60 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August fell 2.45% or 2.36 to hit $93.94 a barrel, while the September Brent oil contract fell 1.94% or 1.93 to trade at $97.64 a barrel.

USD/INR was up 0.17% to 79.93, while EUR/INR fell 0.07% to 80.08.

The US Dollar Index Futures was up 0.64% at 108.44.