India stocks lower at close of trade; Nifty 50 down 0.65%

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At the close in NSE, the Nifty 50 declined 0.65% to hit a new 3-months low, while the BSE Sensex 30 index lost 0.58%.

The best performers of the session on the Nifty 50 were Bharat Petroleum Corp. Ltd. (NS:BPCL), which rose 1.18% or 3.80 points to trade at 326.40 at the close. Meanwhile, Titan Company Ltd (NS:TITN) added 1.01% or 23.60 points to end at 2,355.60 and Bharti Airtel Ltd. (NS:BRTI) was up 0.85% or 6.50 points to 771.80 in late trade.

The worst performers of the session were Adani Enterprises Ltd (NS:ADEL), which fell 7.27% or 136.20 points to trade at 1,738.20 at the close. Adani Ports and Special Economic Zone Ltd (NS:APSE) declined 3.92% or 26.70 points to end at 654.50 and Mahindra & Mahindra Ltd. (NS:MAHM) was down 2.74% or 32.65 points to 1,160.80.

The top performers on the BSE Sensex 30 were Titan Company Ltd (BO:TITN) which rose 0.93% to 2,356.55, Bharti Airtel Ltd (BO:BRTI) which was up 0.80% to settle at 771.85 and ICICI Bank Ltd (BO:ICBK) which gained 0.39% to close at 830.65.

The worst performers were Mahindra & Mahindra Ltd. (BO:MAHM) which was down 2.92% to 1,160.25 in late trade, Tata Consultancy Services Ltd. (BO:TCS) which lost 2.00% to settle at 3,216.85 and Bajaj Finance Ltd (BO:BJFN) which was down 1.91% to 5,732.45 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1371 to 553 and 63 ended unchanged; on the Bombay Stock Exchange, 2256 fell and 1149 advanced, while 99 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was unchanged 0.02% to 16.22.

Gold Futures for April delivery was down 0.53% or 10.15 to $1,906.35 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April fell 2.63% or 1.97 to hit $72.83 a barrel, while the May Brent oil contract fell 2.25% or 1.82 to trade at $78.95 a barrel.

USD/INR was up 0.34% to 82.52, while EUR/INR rose 0.21% to 88.42.

The US Dollar Index Futures was up 0.25% at 103.44.