India stocks lower at close of trade; Nifty 50 down 1.10%

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At the close in NSE, the Nifty 50 declined 1.10%, while the BSE Sensex 30 index lost 1.14%.

The best performers of the session on the Nifty 50 were Oil And Natural Gas Corporation Ltd (NS:ONGC), which rose 5.72% or 15.20 points to trade at 280.90 at the close. Meanwhile, Hindalco Industries Ltd. (NS:HALC) added 2.47% or 14.80 points to end at 613.45 and Maruti Suzuki India Ltd. (NS:MRTI) was up 1.17% or 143.45 points to 12,410.00 in late trade.

The worst performers of the session were Shriram Finance Ltd. (NS:SHMF), which fell 3.12% or 77.55 points to trade at 2,408.05 at the close. Wipro Ltd (NS:WIPR) declined 2.60% or 12.25 points to end at 458.50 and ICICI Bank Ltd (NS:ICBK) was down 2.43% or 26.80 points to 1,077.60.

The top performers on the BSE Sensex 30 were Nestle India Ltd (BO:NEST) which rose 1.22% to 2,567.00, Maruti Suzuki India Ltd. (BO:MRTI) which was up 1.14% to settle at 12,414.70 and Bharti Airtel Ltd (BO:BRTI) which gained 0.16% to close at 1,227.15.

The worst performers were Wipro Ltd (BO:WIPR) which was down 2.70% to 458.20 in late trade, ICICI Bank Ltd (BO:ICBK) which lost 2.37% to settle at 1,078.00 and Bajaj Finserv Ltd (BO:BJFS) which was down 2.15% to 1,661.60 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1840 to 380 and 42 ended unchanged; on the Bombay Stock Exchange, 2851 fell and 904 advanced, while 141 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 8.11% to 12.47.

Gold Futures for June delivery was down 0.33% or 7.85 to $2,366.25 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May fell 0.91% or 0.78 to hit $84.88 a barrel, while the June Brent oil contract fell 0.81% or 0.73 to trade at $89.72 a barrel.

USD/INR was down 0.21% to 83.44, while EUR/INR fell 0.06% to 88.91.

The US Dollar Index Futures was down 0.12% at 105.71.