India stocks lower at close of trade; Nifty 50 down 1.72%

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At the close in NSE, the Nifty 50 declined 1.72%, while the BSE Sensex 30 index declined 1.73%.

The best performers of the session on the Nifty 50 were Divi’s Laboratories Ltd. (NS:DIVI), which rose 1.75% or 62.50 points to trade at 3,642.60 at the close. Meanwhile, Sun Pharmaceutical Industries Ltd. (NS:SUN) added 1.44% or 13.10 points to end at 921.10 and Tata Steel Ltd (NS:TISC) was up 0.68% or 0.70 points to 104.30 in late trade.

The worst performers of the session were Power Grid Corporation of India Ltd (NS:PGRD), which fell 7.97% or 17.55 points to trade at 202.55 at the close. Apollo Hospitals Enterprises Ltd. (NS:APLH) declined 4.01% or 184.90 points to end at 4,424.00 and Hindalco Industries Ltd. (NS:HALC) was down 3.82% or 15.75 points to 396.35.

The top performers on the BSE Sensex 30 were Sun Pharmaceutical Industries Ltd. (BO:SUN) which rose 1.53% to 920.80, Tata Steel Ltd (BO:TISC) which was up 0.58% to settle at 104.25 and ITC Ltd (BO:ITC) which gained 0.33% to close at 346.25.

The worst performers were Power Grid Corporation of India Ltd (BO:PGRD) which was down 7.93% to 202.60 in late trade, Mahindra & Mahindra Ltd. (BO:MAHM) which lost 3.00% to settle at 1,271.30 and State Bank Of India (BO:SBI) which was down 2.99% to 550.45 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1526 to 316 and 37 ended unchanged; on the Bombay Stock Exchange, 2392 fell and 944 advanced, while 102 ended unchanged.

Shares in ITC Ltd (BO:ITC) rose to all time highs; rising 0.33% or 1.15 to 346.25.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 9.45% to 20.59 a new 1-month high.

Gold Futures for December delivery was down 1.17% or 19.75 to $1,661.35 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November fell 3.02% or 2.52 to hit $80.97 a barrel, while the November Brent oil contract fell 2.70% or 2.44 to trade at $88.02 a barrel.

USD/INR was down 0.10% to 80.98, while EUR/INR fell 0.70% to 79.13.

The US Dollar Index Futures was up 0.67% at 111.85.