India stocks lower at close of trade; Nifty 50 down 0.40%

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At the close in NSE, the Nifty 50 fell 0.40%, while the BSE Sensex 30 index fell 0.53%.

The best performers of the session on the Nifty 50 were Hindalco Industries Ltd. (NS:HALC), which rose 2.53% or 15.00 points to trade at 608.45 at the close. Meanwhile, Divi’s Laboratories Ltd. (NS:DIVI) added 2.36% or 105.00 points to end at 4,553.55 and Tata Steel Ltd (NS:TISC) was up 2.23% or 29.00 points to 1,331.00 in late trade.

The worst performers of the session were Housing Development Finance Corporation Ltd (NS:HDFC), which fell 2.35% or 56.45 points to trade at 2,346.30 at the close. Kotak Mahindra Bank Ltd. (NS:KTKM) declined 2.11% or 38.10 points to end at 1,769.75 and Bharti Airtel Ltd. (NS:BRTI) was down 1.99% or 14.30 points to 704.95.

The top performers on the BSE Sensex 30 were Dr. Reddy’s Laboratories Ltd (BO:REDY) which rose 2.31% to 4,125.15, Tata Steel Ltd (BO:TISC) which was up 2.15% to settle at 1,330.50 and ITC Ltd (BO:ITC) which gained 0.86% to close at 251.95.

The worst performers were Housing Development Finance Corporation Ltd (BO:HDFC) which was down 2.36% to 2,346.20 in late trade, Kotak Mahindra Bank Ltd. (BO:KTKM) which lost 2.25% to settle at 1,767.95 and Bharti Airtel Ltd (BO:BRTI) which was down 1.97% to 705.05 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1076 to 730 and 47 ended unchanged; on the Bombay Stock Exchange, 1882 fell and 1411 advanced, while 121 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 2.81% to 24.75.

Gold Futures for April delivery was up 0.61% or 11.70 to $1,933.20 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May rose 2.40% or 2.62 to hit $111.89 a barrel, while the May Brent oil contract rose 2.70% or 3.12 to trade at $118.60 a barrel.

USD/INR was up 0.33% to 76.35, while EUR/INR rose 0.05% to 84.00.

The US Dollar Index Futures was up 0.15% at 98.67.