India stocks lower at close of trade; Nifty 50 down 1.51%

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At the close in NSE, the Nifty 50 lost 1.51%, while the BSE Sensex 30 index fell 1.46%.

The best performers of the session on the Nifty 50 were Tata Consumer Products Ltd (NS:TACN), which rose 0.89% or 7.00 points to trade at 793.95 at the close. Meanwhile, ITC Ltd (NS:ITC) added 0.77% or 2.40 points to end at 314.40 and Coal India Ltd (NS:COAL) was up 0.53% or 1.15 points to 218.30 in late trade.

The worst performers of the session were Tata Steel Ltd (NS:TISC), which fell 4.54% or 5.00 points to trade at 105.05 at the close. Asian Paints Ltd. (NS:ASPN) declined 3.81% or 132.80 points to end at 3,349.75 and Adani Ports and Special Economic Zone Ltd (NS:APSE) was down 3.62% or 31.55 points to 840.25.

The top performers on the BSE Sensex 30 were ITC Ltd (BO:ITC) which rose 0.64% to 314.20, Nestle India Ltd (BO:NEST) which was up 0.28% to settle at 19,492.50 and Dr. Reddy’s Laboratories Ltd (BO:REDY) which lost 0.24% to close at 4,189.90.

The worst performers were Tata Steel Ltd (BO:TISC) which was down 4.50% to 105.05 in late trade, Asian Paints Ltd. (BO:ASPN) which lost 3.51% to settle at 3,360.00 and Wipro Ltd (BO:WIPR) which was down 2.96% to 420.00 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1316 to 541 and 49 ended unchanged; on the Bombay Stock Exchange, 2193 fell and 1211 advanced, while 160 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 4.12% to 19.04.

Gold Futures for December delivery was down 0.84% or 14.75 to $1,748.15 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in October rose 0.38% or 0.34 to hit $90.78 a barrel, while the October Brent oil contract rose 0.27% or 0.26 to trade at $96.98 a barrel.

USD/INR was down 0.12% to 79.83, while EUR/INR fell 0.40% to 79.87.

The US Dollar Index Futures was up 0.20% at 108.31.