India stocks lower at close of trade; Nifty 50 down 1.54%

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At the close in NSE, the Nifty 50 declined 1.54% to hit a new 1-month low, while the BSE Sensex 30 index declined 1.51%.

The best performers of the session on the Nifty 50 were Tata Steel Ltd (NS:TISC), which rose 2.87% or 20.15 points to trade at 722.95 at the close. Meanwhile, Dr. Reddy’s Laboratories Ltd (NS:REDY) added 0.78% or 34.00 points to end at 4384.50 and ICICI Bank Ltd (NS:ICBK) was up 0.55% or 3.10 points to 570.60 in late trade.

The worst performers of the session were Indian Oil Corporation Ltd (NS:IOC), which fell 4.02% or 3.80 points to trade at 90.75 at the close. Maruti Suzuki India Ltd. (NS:MRTI) declined 3.88% or 274.20 points to end at 6792.00 and Coal India Ltd (NS:COAL) was down 3.40% or 4.50 points to 127.80.

The top performers on the BSE Sensex 30 were Dr. Reddy’s Laboratories Ltd (BO:REDY) which rose 0.74% to 4383.30, ICICI Bank Ltd (BO:ICBK) which was up 0.70% to settle at 571.40 and Housing Development Finance Corporation Ltd (BO:HDFC) which gained 0.25% to close at 2472.45.

The worst performers were Maruti Suzuki India Ltd. (BO:MRTI) which was down 3.98% to 6786.15 in late trade, Hindustan Unilever Ltd. (BO:HLL) which lost 3.47% to settle at 2237.70 and Bharti Airtel Ltd (BO:BRTI) which was down 2.98% to 508.00 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1376 to 294 and 53 ended unchanged; on the Bombay Stock Exchange, 2117 fell and 729 advanced, while 165 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 1.08% to 22.6975.

Gold Futures for April delivery was down 0.19% or 3.25 to $1729.95 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May fell 1.42% or 0.87 to hit $60.31 a barrel, while the May Brent oil contract fell 1.10% or 0.71 to trade at $63.70 a barrel.

USD/INR was up 0.00% to 72.593, while EUR/INR rose 0.04% to 85.7810.

The US Dollar Index Futures was up 0.06% at 92.588.

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