India stocks lower at close of trade; Nifty 50 down 1.51%

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At the close in NSE, the Nifty 50 lost 1.51%, while the BSE Sensex 30 index lost 1.56%.

The best performers of the session on the Nifty 50 were Oil And Natural Gas Corporation Ltd (NS:ONGC), which rose 5.91% or 4.50 points to trade at 80.60 at the close. Meanwhile, GAIL Ltd (NS:GAIL) added 1.65% or 1.65 points to end at 101.95 and Adani Port and Special Economic Zone Ltd (NS:APSE) was up 1.44% or 5.65 points to 397.90 in late trade.

The worst performers of the session were Eicher Motors Ltd. (NS:EICH), which fell 3.72% or 100.30 points to trade at 2593.00 at the close. AXIS Bank Ltd (NS:AXBK) declined 3.44% or 21.30 points to end at 598.35 and Kotak Mahindra Bank Ltd. (NS:KTKM) was down 2.97% or 57.20 points to 1867.70.

The top performers on the BSE Sensex 30 were Oil And Natural Gas Corporation Ltd (BO:ONGC) which rose 6.11% to 80.70, Power Grid Corporation of India Ltd (BO:PGRD) which was up 0.33% to settle at 195.30 and IndusInd Bank Ltd. (BO:INBK) which gained 0.10% to close at 854.50.

The worst performers were AXIS Bank Ltd. (BO:AXBK) which was down 3.48% to 598.00 in late trade, Kotak Mahindra Bank Ltd. (BO:KTKM) which lost 2.94% to settle at 1867.80 and Sun Pharmaceutical Industries Ltd. (BO:SUN) which was down 2.61% to 506.35 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1055 to 561 and 92 ended unchanged; on the Bombay Stock Exchange, 1600 fell and 1088 advanced, while 172 ended unchanged.

Shares in Adani Port and Special Economic Zone Ltd (NS:APSE) rose to 52-week highs; gaining 1.44% or 5.65 to 397.90.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 9.83% to 23.1275.

Gold Futures for December delivery was up 0.14% or 2.45 to $1807.05 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January rose 1.31% or 0.59 to hit $45.50 a barrel, while the February Brent oil contract rose 1.44% or 0.69 to trade at $48.47 a barrel.

USD/INR was down 0.22% to 73.915, while EUR/INR fell 0.18% to 87.9180.

The US Dollar Index Futures was down 0.06% at 92.168.