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

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At the close in NSE, the Nifty 50 lost 0.65%, while the BSE Sensex 30 index lost 0.66%.

The best performers of the session on the Nifty 50 were Oil And Natural Gas Corporation Ltd (NS:ONGC), which rose 4.51% or 7.35 points to trade at 170.30 at the close. Meanwhile, UPL Ltd (NS:UPLL) added 3.51% or 24.20 points to end at 713.75 and Power Grid Corporation of India Ltd (NS:PGRD) was up 3.30% or 6.95 points to 217.85 in late trade.

The worst performers of the session were UltraTech Cement Ltd (NS:ULTC), which fell 6.54% or 418.65 points to trade at 5,980.70 at the close. Asian Paints Ltd. (NS:ASPN) declined 5.18% or 157.05 points to end at 2,871.90 and HDFC Life Insurance Company Ltd (NS:HDFL) was down 5.18% or 29.05 points to 531.75.

The top performers on the BSE Sensex 30 were Power Grid Corporation of India Ltd (BO:PGRD) which rose 3.34% to 217.90, Wipro Ltd (BO:WIPR) which was up 2.58% to settle at 569.60 and Tech Mahindra Ltd (BO:TEML) which gained 2.43% to close at 1,427.30.

The worst performers were UltraTech Cement Ltd (BO:ULTC) which was down 6.47% to 5,981.85 in late trade, Asian Paints Ltd. (BO:ASPN) which lost 5.20% to settle at 2,871.45 and Dr. Reddy’s Laboratories Ltd (BO:REDY) which was down 3.49% to 3,719.65 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1047 to 747 and 36 ended unchanged; on the Bombay Stock Exchange, 1994 rose and 1224 declined, while 116 ended unchanged.

Shares in UltraTech Cement Ltd (NS:ULTC) fell to 52-week lows; down 6.54% or 418.65 to 5,980.70. Shares in UltraTech Cement Ltd (BO:ULTC) fell to 52-week lows; down 6.47% or 414.05 to 5,981.85. Shares in Dr. Reddy’s Laboratories Ltd (BO:REDY) fell to 52-week lows; falling 3.49% or 134.50 to 3,719.65.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 3.69% to 28.16.

Gold Futures for April delivery was up 0.66% or 12.75 to $1,935.05 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April rose 2.79% or 3.09 to hit $113.69 a barrel, while the May Brent oil contract rose 2.55% or 2.88 to trade at $115.81 a barrel.

USD/INR was up 0.51% to 75.97, while EUR/INR rose 0.22% to 84.27.

The US Dollar Index Futures was up 0.14% at 97.55.