India stocks lower at close of trade; Nifty 50 down 3.76%

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At the close in NSE, the Nifty 50 lost 3.76%, while the BSE Sensex 30 index declined 3.80%.

The best performers of the session on the Nifty 50 were Nestle India Ltd (NS:NEST), which fell 0.08% or 12.30 points to trade at 16101.60 at the close. Meanwhile, SBI Life Insurance Company Ltd (NS:SBIL) fell 0.63% or 5.50 points to end at 866.90 and NTPC Ltd (NS:NTPC) was down 0.65% or 0.70 points to 107.30 in late trade.

The worst performers of the session were Oil And Natural Gas Corporation Ltd (NS:ONGC), which fell 6.76% or 8.05 points to trade at 111.00 at the close. JSW Steel Ltd (NS:JSTL) declined 6.24% or 26.30 points to end at 395.45 and Hero MotoCorp Ltd (NS:HROM) was down 6.13% or 210.40 points to 3224.00.

The top performers on the BSE Sensex 30 were Nestle India Ltd (BO:NEST) which fell 0.10% to 16097.70, NTPC Ltd (BO:NTPC) which was down 0.69% to settle at 107.20 and Maruti Suzuki India Ltd. (BO:MRTI) which lost 0.79% to close at 6872.65.

The worst performers were Oil And Natural Gas Corporation Ltd (BO:ONGC) which was down 6.60% to 111.15 in late trade, Mahindra & Mahindra Ltd. (BO:MAHM) which lost 6.35% to settle at 804.85 and AXIS Bank Ltd. (BO:AXBK) which was down 5.98% to 724.70 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1153 to 499 and 64 ended unchanged; on the Bombay Stock Exchange, 1775 fell and 1032 advanced, while 174 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 22.93% to 28.1425 a new 6-months high.

Gold Futures for April delivery was down 0.57% or 10.20 to $1765.20 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April fell 0.57% or 0.36 to hit $63.17 a barrel, while the May Brent oil contract fell 0.61% or 0.40 to trade at $65.71 a barrel.

USD/INR was up 1.32% to 73.697, while EUR/INR rose 0.92% to 89.3760.

The US Dollar Index Futures was up 0.47% at 90.560.

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