India stocks lower at close of trade; Nifty 50 down 0.25%

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At the close in NSE, the Nifty 50 fell 0.25%, while the BSE Sensex 30 index lost 0.21%.

The best performers of the session on the Nifty 50 were Kotak Mahindra Bank Ltd. (NS:KTKM), which rose 5.30% or 101.15 points to trade at 2007.95 at the close. Meanwhile, HDFC Bank Ltd (NS:HDBK) added 1.42% or 22.20 points to end at 1582.15 and Eicher Motors Ltd. (NS:EICH) was up 1.34% or 38.35 points to 2898.55 in late trade.

The worst performers of the session were Tata Steel Ltd (NS:TISC), which fell 3.54% or 50.85 points to trade at 1385.90 at the close. Coal India Ltd (NS:COAL) declined 3.45% or 5.60 points to end at 156.70 and Hindalco Industries Ltd. (NS:HALC) was down 2.12% or 10.25 points to 473.05.

The top performers on the BSE Sensex 30 were Kotak Mahindra Bank Ltd. (BO:KTKM) which rose 5.26% to 2006.00, HDFC Bank Ltd (BO:HDBK) which was up 1.51% to settle at 1583.30 and Bharti Airtel Ltd (BO:BRTI) which gained 1.39% to close at 728.15.

The worst performers were Tata Steel Ltd (BO:TISC) which was down 3.57% to 1385.30 in late trade, State Bank Of India (BO:SBI) which lost 2.07% to settle at 454.05 and Tata Consultancy Services Ltd. (BO:TCS) which was down 1.85% to 3830.45 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1215 to 485 and 59 ended unchanged; on the Bombay Stock Exchange, 1982 fell and 1141 advanced, while 129 ended unchanged.

Shares in Bharti Airtel Ltd (BO:BRTI) rose to all time highs; up 1.39% or 10.00 to 728.15.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 5.69% to 15.2325 a new 1-month high.

Gold Futures for December delivery was up 0.37% or 6.50 to $1763.20 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in October fell 0.54% or 0.39 to hit $72.17 a barrel, while the November Brent oil contract fell 0.46% or 0.35 to trade at $75.32 a barrel.

USD/INR was down 0.07% to 73.516, while EUR/INR rose 0.07% to 86.6050.

The US Dollar Index Futures was down 0.12% at 92.808.