India stocks lower at close of trade; Nifty 50 down 1.68%

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At the close in NSE, the Nifty 50 lost 1.68%, while the BSE Sensex 30 index lost 1.63%.

The best performers of the session on the Nifty 50 were Maruti Suzuki India Ltd. (NS:MRTI), which rose 1.94% or 137.40 points to trade at 7210.00 at the close. Meanwhile, Bajaj Finance Ltd (NS:BJFN) fell 0.07% or 2.70 points to end at 3617.00 and Tata Consultancy Services Ltd. (NS:TCS) was down 0.08% or 1.85 points to 2297.65 in late trade.

The worst performers of the session were AXIS Bank Ltd (NS:AXBK), which fell 3.77% or 17.90 points to trade at 457.05 at the close. Tata Steel Ltd (NS:TISC) declined 3.70% or 16.20 points to end at 421.90 and JSW Steel Ltd (NS:JSTL) was down 3.51% or 10.30 points to 283.10.

The top performers on the BSE Sensex 30 were Maruti Suzuki India Ltd. (BO:MRTI) which rose 1.96% to 7210.00, Tata Consultancy Services Ltd. (BO:TCS) which was up 0.02% to settle at 2300.00 and Bajaj Finance Ltd (BO:BJFN) which lost 0.11% to close at 3613.50.

The worst performers were Tata Steel Ltd (BO:TISC) which was down 3.78% to 421.30 in late trade, AXIS Bank Ltd. (BO:AXBK) which lost 3.68% to settle at 457.10 and State Bank Of India (BO:SBI) which was down 3.05% to 206.65 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1117 to 493 and 74 ended unchanged; on the Bombay Stock Exchange, 1654 fell and 992 advanced, while 177 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 8.05% to 22.1525.

Gold Futures for December delivery was up 0.40% or 7.70 to $1945.50 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in October rose 0.97% or 0.40 to hit $41.77 a barrel, while the November Brent oil contract rose 0.77% or 0.34 to trade at $44.41 a barrel.

USD/INR was down 0.36% to 73.127, while EUR/INR fell 0.38% to 86.6260.

The US Dollar Index Futures was up 0.06% at 92.790.