India stocks lower at close of trade; Nifty 50 down 1.07%

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At the close in NSE, the Nifty 50 declined 1.07%, while the BSE Sensex 30 index declined 0.89%.

The best performers of the session on the Nifty 50 were Hindustan Unilever Ltd. (NS:HLL), which rose 2.87% or 78.10 points to trade at 2800.35 at the close. Meanwhile, ITC Ltd (NS:ITC) added 1.12% or 2.60 points to end at 233.75 and Bajaj Finserv Ltd (NS:BJFS) was up 1.06% or 178.75 points to 17018.95 in late trade.

The worst performers of the session were Tata Steel Ltd (NS:TISC), which fell 9.58% or 132.80 points to trade at 1253.10 at the close. JSW Steel Ltd (NS:JSTL) declined 7.20% or 49.10 points to end at 633.20 and Hindalco Industries Ltd. (NS:HALC) was down 6.06% or 28.65 points to 444.40.

The top performers on the BSE Sensex 30 were Hindustan Unilever Ltd. (BO:HLL) which rose 2.84% to 2798.25, Bajaj Finserv Ltd (BO:BJFS) which was up 1.10% to settle at 17024.00 and ITC Ltd (BO:ITC) which gained 1.08% to close at 233.60.

The worst performers were Tata Steel Ltd (BO:TISC) which was down 9.53% to 1253.35 in late trade, State Bank Of India (BO:SBI) which lost 3.69% to settle at 437.30 and IndusInd Bank Ltd. (BO:INBK) which was down 3.50% to 1090.50 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1380 to 367 and 42 ended unchanged; on the Bombay Stock Exchange, 2224 fell and 976 advanced, while 119 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 14.84% to 17.4925 a new 3-months high.

Gold Futures for December delivery was up 0.45% or 7.85 to $1759.25 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November fell 2.03% or 1.46 to hit $70.36 a barrel, while the November Brent oil contract fell 1.69% or 1.27 to trade at $74.07 a barrel.

USD/INR was down 0.00% to 73.636, while EUR/INR fell 0.18% to 86.2505.

The US Dollar Index Futures was up 0.15% at 93.317.