India stocks lower at close of trade; Nifty 50 down 0.93%

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At the close in NSE, the Nifty 50 declined 0.93%, while the BSE Sensex 30 index fell 0.90%.

The best performers of the session on the Nifty 50 were Tata Steel Ltd (NS:TISC), which rose 1.60% or 1.70 points to trade at 108.20 at the close. Meanwhile, Larsen & Toubro Ltd (NS:LART) added 1.03% or 22.40 points to end at 2,193.20 and Apollo Hospitals Enterprises Ltd. (NS:APLH) was up 0.82% or 36.05 points to 4,412.10 in late trade.

The worst performers of the session were Adani Enterprises Ltd (NS:ADEL), which fell 4.24% or 86.50 points to trade at 1,953.15 at the close. Mahindra & Mahindra Ltd. (NS:MAHM) declined 3.24% or 41.80 points to end at 1,248.15 and SBI Life Insurance Company Ltd (NS:SBIL) was down 2.81% or 31.70 points to 1,097.50.

The top performers on the BSE Sensex 30 were Tata Steel Ltd (BO:TISC) which rose 1.55% to 108.20, Larsen & Toubro Ltd (BO:LART) which was up 1.08% to settle at 2,193.35 and Bharti Airtel Ltd (BO:BRTI) which gained 0.97% to close at 773.85.

The worst performers were Mahindra & Mahindra Ltd. (BO:MAHM) which was down 3.31% to 1,247.55 in late trade, Reliance Industries Ltd (BO:RELI) which lost 2.37% to settle at 2,360.15 and Bajaj Finserv Ltd (BO:BJFS) which was down 1.97% to 1,352.75 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1102 to 803 and 65 ended unchanged; on the Bombay Stock Exchange, 1837 fell and 1530 advanced, while 124 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 2.21% to 12.73.

Gold Futures for April delivery was up 0.16% or 2.85 to $1,821.45 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April rose 0.04% or 0.03 to hit $76.69 a barrel, while the May Brent oil contract rose 0.08% or 0.07 to trade at $82.73 a barrel.

USD/INR was up 0.12% to 82.05, while EUR/INR rose 0.30% to 86.66.

The US Dollar Index Futures was down 0.24% at 105.39.