India stocks lower at close of trade; Nifty 50 down 1.96%

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At the close in NSE, the Nifty 50 fell 1.96% to hit a new 1-month low, while the BSE Sensex 30 index declined 1.96%.

The best performers of the session on the Nifty 50 were Bharti Airtel Ltd. (NS:BRTI), which rose 3.88% or 27.75 points to trade at 742.10 at the close. Meanwhile, Asian Paints Ltd. (NS:ASPN) added 1.07% or 34.40 points to end at 3261.25 and JSW Steel Ltd (NS:JSTL) was up 0.99% or 6.45 points to 657.00 in late trade.

The worst performers of the session were Bajaj Finance Ltd (NS:BJFN), which fell 5.70% or 426.65 points to trade at 7058.30 at the close. Oil And Natural Gas Corporation Ltd (NS:ONGC) declined 5.02% or 7.75 points to end at 146.55 and Bajaj Finserv Ltd (NS:BJFS) was down 4.73% or 847.50 points to 17073.75.

The top performers on the BSE Sensex 30 were Bharti Airtel Ltd (BO:BRTI) which rose 3.90% to 742.05, Asian Paints Ltd. (BO:ASPN) which was up 1.14% to settle at 3263.45 and Power Grid Corporation of India Ltd (BO:PGRD) which gained 0.99% to close at 194.25.

The worst performers were Bajaj Finance Ltd (BO:BJFN) which was down 5.74% to 7061.65 in late trade, Bajaj Finserv Ltd (BO:BJFS) which lost 4.69% to settle at 17073.20 and Reliance Industries Ltd (BO:RELI) which was down 4.42% to 2363.40 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1529 to 256 and 37 ended unchanged; on the Bombay Stock Exchange, 2419 fell and 883 advanced, while 161 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 17.92% to 17.5200.

Gold Futures for December delivery was down 0.67% or 12.45 to $1839.15 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January rose 0.26% or 0.20 to hit $76.14 a barrel, while the January Brent oil contract rose 0.24% or 0.19 to trade at $79.08 a barrel.

USD/INR was up 0.06% to 74.381, while EUR/INR rose 0.04% to 83.9445.

The US Dollar Index Futures was up 0.07% at 96.097.