India stocks lower at close of trade; Nifty 50 down 0.11%

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At the close in NSE, the Nifty 50 declined 0.11%, while the BSE Sensex 30 index declined 0.21%.

The best performers of the session on the Nifty 50 were JSW Steel Ltd (NS:JSTL), which rose 5.87% or 9.75 points to trade at 175.90 at the close. Meanwhile, Eicher Motors Ltd. (NS:EICH) added 5.74% or 799.50 points to end at 14721.90 and Titan Company Ltd (NS:TITN) was up 5.02% or 42.65 points to 892.30 in late trade.

The worst performers of the session were Bharti Airtel Ltd. (NS:BRTI), which fell 5.94% or 35.25 points to trade at 557.95 at the close. Bajaj Finserv Ltd (NS:BJFS) declined 5.11% or 220.35 points to end at 4095.20 and Tata Consultancy Services Ltd. (NS:TCS) was down 3.53% or 71.40 points to 1948.95.

The top performers on the BSE Sensex 30 were Titan Company Ltd (BO:TITN) which rose 4.96% to 891.60, UltraTech Cement Ltd (BO:ULTC) which was up 3.64% to settle at 3771.00 and IndusInd Bank Ltd. (BO:INBK) which gained 2.96% to close at 348.20.

The worst performers were Bharti Airtel Ltd (BO:BRTI) which was down 5.71% to 559.15 in late trade, Tata Consultancy Services Ltd. (BO:TCS) which lost 3.74% to settle at 1943.35 and Bajaj Finance Ltd (BO:BJFN) which was down 3.48% to 1829.90 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 786 to 715 and 110 ended unchanged; on the Bombay Stock Exchange, 1164 rose and 1071 declined, while 170 ended unchanged.

Shares in Bajaj Finserv Ltd (NS:BJFS) fell to 52-week lows; losing 5.11% or 220.35 to 4095.20. Shares in Bajaj Finance Ltd (BO:BJFN) fell to 52-week lows; down 3.48% or 66.05 to 1829.90.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 2.80% to 31.4700 a new 1-month low.

Gold Futures for June delivery was down 0.63% or 10.85 to $1724.65 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July rose 2.41% or 0.80 to hit $34.05 a barrel, while the July Brent oil contract rose 1.38% or 0.49 to trade at $36.02 a barrel.

USD/INR was down 0.29% to 75.663, while EUR/INR rose 0.21% to 82.8775.

The US Dollar Index Futures was down 0.62% at 99.265.