India stocks lower at close of trade; Nifty 50 down 0.37%

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At the close in NSE, the Nifty 50 declined 0.37%, while the BSE Sensex 30 index fell 0.34%.

The best performers of the session on the Nifty 50 were Tata Motors Ltd (NS:TAMO), which rose 6.38% or 17.55 points to trade at 292.45 at the close. Meanwhile, Bajaj Finance Ltd (NS:BJFN) added 2.66% or 132.35 points to end at 5114.30 and Reliance Industries Ltd (NS:RELI) was up 2.55% or 52.30 points to 2107.00 in late trade.

The worst performers of the session were Oil And Natural Gas Corporation Ltd (NS:ONGC), which fell 3.34% or 3.30 points to trade at 95.55 at the close. Tata Steel Ltd (NS:TISC) declined 2.95% or 20.35 points to end at 669.80 and Coal India Ltd (NS:COAL) was down 2.61% or 3.70 points to 137.80.

The top performers on the BSE Sensex 30 were Bajaj Finance Ltd (BO:BJFN) which rose 2.72% to 5116.65, Bajaj Auto Ltd (BO:BAJA) which was up 2.71% to settle at 3735.90 and Reliance Industries Ltd (BO:RELI) which gained 2.53% to close at 2106.80.

The worst performers were Oil And Natural Gas Corporation Ltd (BO:ONGC) which was down 4.00% to 94.90 in late trade, NTPC Ltd (BO:NTPC) which lost 2.19% to settle at 96.15 and Sun Pharmaceutical Industries Ltd. (BO:SUN) which was down 1.95% to 582.85 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1155 to 515 and 42 ended unchanged; on the Bombay Stock Exchange, 1820 fell and 1061 advanced, while 158 ended unchanged.

Shares in Tata Motors Ltd (NS:TAMO) rose to 52-week highs; gaining 6.38% or 17.55 to 292.45. Shares in Bajaj Auto Ltd (BO:BAJA) rose to all time highs; gaining 2.71% or 98.60 to 3735.90.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 2.92% to 22.1800.

Gold Futures for February delivery was up 0.18% or 3.30 to $1869.80 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March fell 0.77% or 0.41 to hit $52.90 a barrel, while the March Brent oil contract fell 0.82% or 0.46 to trade at $55.62 a barrel.

USD/INR was up 0.11% to 72.990, while EUR/INR rose 0.39% to 88.5955.

The US Dollar Index Futures was down 0.28% at 90.215.

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