India stocks lower at close of trade; Nifty 50 down 0.24%

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At the close in NSE, the Nifty 50 declined 0.24% to hit a new 1-month low, while the BSE Sensex 30 index lost 0.33%.

The best performers of the session on the Nifty 50 were Oil And Natural Gas Corporation Ltd (NS:ONGC), which rose 3.35% or 4.10 points to trade at 126.65 at the close. Meanwhile, Hindalco Industries Ltd. (NS:HALC) added 3.26% or 11.75 points to end at 372.50 and Apollo Hospitals Enterprises Ltd. (NS:APLH) was up 2.79% or 119.10 points to 4,388.05 in late trade.

The worst performers of the session were Asian Paints Ltd. (NS:ASPN), which fell 5.20% or 185.85 points to trade at 3,384.80 at the close. Tech Mahindra Ltd (NS:TEML) declined 2.19% or 22.60 points to end at 1,007.10 and Hero MotoCorp Ltd (NS:HROM) was down 2.12% or 55.05 points to 2,536.30.

The top performers on the BSE Sensex 30 were ITC Ltd (BO:ITC) which rose 2.51% to 333.05, Dr. Reddy’s Laboratories Ltd (BO:REDY) which was up 2.16% to settle at 4,359.20 and Tata Steel Ltd (BO:TISC) which gained 1.68% to close at 96.85.

The worst performers were Asian Paints Ltd. (BO:ASPN) which was down 5.22% to 3,384.80 in late trade, Tech Mahindra Ltd (BO:TEML) which lost 1.86% to settle at 1,010.50 and Titan Company Ltd (BO:TITN) which was down 1.69% to 2,531.85 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1034 to 779 and 53 ended unchanged; on the Bombay Stock Exchange, 1821 rose and 1462 declined, while 128 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 3.59% to 21.30.

Gold Futures for December delivery was down 0.79% or 13.25 to $1,656.75 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 0.28% or 0.23 to hit $82.38 a barrel, while the December Brent oil contract rose 0.26% or 0.23 to trade at $88.28 a barrel.

USD/INR was up 0.47% to 81.79, while EUR/INR unchanged 0.01% to 79.24.

The US Dollar Index Futures was up 0.64% at 113.23.