India stocks lower at close of trade; Nifty 50 down 1.53%

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At the close in NSE, the Nifty 50 declined 1.53%, while the BSE Sensex 30 index fell 1.54%.

The best performers of the session on the Nifty 50 were Wipro Ltd (NS:WIPR), which rose 4.11% or 26.50 points to trade at 670.80 at the close. Meanwhile, Infosys Ltd (NS:INFY) added 2.78% or 49.25 points to end at 1820.85 and HCL Technologies Ltd (NS:HCLT) was up 1.00% or 11.65 points to 1171.40 in late trade.

The worst performers of the session were IndusInd Bank Ltd. (NS:INBK), which fell 4.88% or 45.30 points to trade at 883.00 at the close. Tata Motors Ltd (NS:TAMO) declined 4.42% or 21.75 points to end at 470.20 and Oil And Natural Gas Corporation Ltd (NS:ONGC) was down 4.09% or 5.95 points to 139.40.

The top performers on the BSE Sensex 30 were Infosys Ltd (BO:INFY) which rose 2.84% to 1821.70, HCL Technologies Ltd (BO:HCLT) which was up 0.96% to settle at 1171.60 and Power Grid Corporation of India Ltd (BO:PGRD) which gained 0.82% to close at 209.95.

The worst performers were IndusInd Bank Ltd. (BO:INBK) which was down 4.89% to 883.25 in late trade, Kotak Mahindra Bank Ltd. (BO:KTKM) which lost 3.55% to settle at 1794.35 and Hindustan Unilever Ltd. (BO:HLL) which was down 3.43% to 2230.40 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1463 to 336 and 23 ended unchanged; on the Bombay Stock Exchange, 2217 fell and 1027 advanced, while 95 ended unchanged.

Shares in Infosys Ltd (BO:INFY) rose to all time highs; up 2.84% or 50.30 to 1821.70.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 2.78% to 16.3375.

Gold Futures for February delivery was up 0.59% or 10.55 to $1808.75 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January fell 2.02% or 1.46 to hit $70.92 a barrel, while the February Brent oil contract fell 1.96% or 1.47 to trade at $73.55 a barrel.

USD/INR was down 0.19% to 76.012, while EUR/INR fell 0.14% to 86.1465.

The US Dollar Index Futures was down 0.01% at 96.010.