India stocks lower at close of trade; Nifty 50 down 0.28%

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At the close in NSE, the Nifty 50 lost 0.28%, while the BSE Sensex 30 index fell 0.50%.

The best performers of the session on the Nifty 50 were Hero MotoCorp Ltd (NS:HROM), which rose 2.14% or 57.85 points to trade at 2,767.15 at the close. Meanwhile, Bajaj Auto Ltd (NS:BAJA) added 2.12% or 75.15 points to end at 3,628.00 and Cipla Ltd. (NS:CIPL) was up 2.01% or 21.45 points to 1,088.35 in late trade.

The worst performers of the session were Bajaj Finance Ltd (NS:BJFN), which fell 7.17% or 470.95 points to trade at 6,100.05 at the close. Bajaj Finserv Ltd (NS:BJFS) declined 5.10% or 79.00 points to end at 1,468.85 and ICICI Bank Ltd (NS:ICBK) was down 2.22% or 19.95 points to 879.15.

The top performers on the BSE Sensex 30 were ITC Ltd (BO:ITC) which rose 1.91% to 333.35, NTPC Ltd (BO:NTPC) which was up 1.77% to settle at 169.50 and Hindustan Unilever Ltd. (BO:HLL) which gained 1.75% to close at 2,581.30.

The worst performers were Bajaj Finance Ltd (BO:BJFN) which was down 7.21% to 6,099.85 in late trade, Bajaj Finserv Ltd (BO:BJFS) which lost 5.10% to settle at 1,468.55 and ICICI Bank Ltd (BO:ICBK) which was down 2.22% to 879.00 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1014 to 880 and 69 ended unchanged; on the Bombay Stock Exchange, 1707 fell and 1634 advanced, while 148 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 1.41% to 14.98.

Gold Futures for February delivery was down 0.19% or 3.45 to $1,855.55 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February rose 2.62% or 1.91 to hit $74.75 a barrel, while the March Brent oil contract rose 2.49% or 1.94 to trade at $79.78 a barrel.

USD/INR was down 0.18% to 82.49, while EUR/INR fell 0.01% to 87.58.

The US Dollar Index Futures was down 0.03% at 103.99.