India stocks lower at close of trade; Nifty 50 down 1.65%

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At the close in NSE, the Nifty 50 fell 1.65% to hit a new 3-months low, while the BSE Sensex 30 index declined 1.65%.

The best performers of the session on the Nifty 50 were UPL Ltd (NS:UPLL), which rose 0.44% or 3.15 points to trade at 715.90 at the close. Meanwhile, Housing Development Finance Corporation Ltd (NS:HDFC) fell 0.10% or 2.85 points to end at 2768.80 and Eicher Motors Ltd. (NS:EICH) was down 0.23% or 5.55 points to 2450.00 in late trade.

The worst performers of the session were Coal India Ltd (NS:COAL), which fell 7.01% or 11.20 points to trade at 148.55 at the close. IndusInd Bank Ltd. (NS:INBK) declined 3.73% or 35.50 points to end at 915.65 and Tata Consumer Products Ltd (NS:TACN) was down 3.45% or 26.70 points to 747.60.

The top performers on the BSE Sensex 30 were Housing Development Finance Corporation Ltd (BO:HDFC) which fell 0.40% to 2760.00, HDFC Bank Ltd (BO:HDBK) which was down 0.51% to settle at 1505.40 and Tata Steel Ltd (BO:TISC) which lost 0.80% to close at 1109.05.

The worst performers were IndusInd Bank Ltd. (BO:INBK) which was down 3.75% to 915.55 in late trade, Bajaj Finserv Ltd (BO:BJFS) which lost 3.43% to settle at 16894.80 and Bharti Airtel Ltd (BO:BRTI) which was down 2.96% to 697.10 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1239 to 557 and 52 ended unchanged; on the Bombay Stock Exchange, 1934 fell and 1394 advanced, while 176 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 8.79% to 20.0775.

Gold Futures for February delivery was down 0.15% or 2.60 to $1781.30 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January rose 2.58% or 1.71 to hit $67.97 a barrel, while the February Brent oil contract rose 2.29% or 1.60 to trade at $71.48 a barrel.

USD/INR was up 0.28% to 75.438, while EUR/INR rose 0.15% to 85.2295.

The US Dollar Index Futures was up 0.10% at 96.213.