India stocks lower at close of trade; Nifty 50 down 0.71%

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At the close in NSE, the Nifty 50 declined 0.71%, while the BSE Sensex 30 index fell 0.54%.

The best performers of the session on the Nifty 50 were Hindustan Unilever Ltd. (NS:HLL), which rose 5.36% or 133.35 points to trade at 2619.40 at the close. Meanwhile, Britannia Industries Ltd (NS:BRIT) added 4.71% or 175.20 points to end at 3895.95 and Asian Paints Ltd. (NS:ASPN) was up 3.71% or 111.40 points to 3112.95 in late trade.

The worst performers of the session were Tata Steel Ltd (NS:TISC), which fell 8.32% or 124.85 points to trade at 1375.60 at the close. JSW Steel Ltd (NS:JSTL) declined 7.17% or 52.85 points to end at 684.60 and Hindalco Industries Ltd. (NS:HALC) was down 5.46% or 23.30 points to 403.65.

The top performers on the BSE Sensex 30 were Hindustan Unilever Ltd. (BO:HLL) which rose 5.37% to 2617.55, Asian Paints Ltd. (BO:ASPN) which was up 3.64% to settle at 3112.70 and Nestle India Ltd (BO:NEST) which gained 3.40% to close at 19552.80.

The worst performers were Tata Steel Ltd (BO:TISC) which was down 8.27% to 1375.80 in late trade, State Bank Of India (BO:SBI) which lost 3.07% to settle at 406.95 and Dr. Reddy’s Laboratories Ltd (BO:REDY) which was down 2.81% to 4554.30 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1433 to 267 and 26 ended unchanged; on the Bombay Stock Exchange, 2339 fell and 698 advanced, while 119 ended unchanged.

Shares in Hindustan Unilever Ltd. (NS:HLL) rose to all time highs; rising 5.36% or 133.35 to 2619.40. Shares in Hindustan Unilever Ltd. (BO:HLL) rose to all time highs; rising 5.37% or 133.45 to 2617.55. Shares in Nestle India Ltd (BO:NEST) rose to all time highs; gaining 3.40% or 642.80 to 19552.80.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 8.60% to 14.0150 a new 1-month high.

Gold Futures for December delivery was up 0.18% or 3.15 to $1786.25 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in October fell 0.71% or 0.45 to hit $63.05 a barrel, while the October Brent oil contract fell 0.68% or 0.45 to trade at $66.00 a barrel.

USD/INR was down 0.03% to 74.350, while EUR/INR rose 0.05% to 86.8670.

The US Dollar Index Futures was up 0.01% at 93.602.