India stocks lower at close of trade; Nifty 50 down 2.12%

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At the close in NSE, the Nifty 50 fell 2.12%, while the BSE Sensex 30 index declined 2.07%.

The best performers of the session on the Nifty 50 were IndusInd Bank Ltd. (NS:INBK), which rose 4.34% or 21.70 points to trade at 521.30 at the close. Meanwhile, Hero MotoCorp Ltd (NS:HROM) added 0.82% or 18.75 points to end at 2311.00 and Power Grid Corporation of India Ltd (NS:PGRD) was up 0.65% or 1.10 points to 171.15 in late trade.

The worst performers of the session were Bharti Infratel Ltd (NS:BHRI), which fell 8.92% or 20.75 points to trade at 211.95 at the close. Zee Entertainment Enterprises Ltd. (NS:ZEE) declined 6.74% or 12.80 points to end at 177.00 and State Bank Of India (NS:SBI) was down 5.59% or 10.50 points to 177.20.

The top performers on the BSE Sensex 30 were IndusInd Bank Ltd. (BO:INBK) which rose 4.49% to 523.20, Hero MotoCorp Ltd (BO:HROM) which was up 0.75% to settle at 2309.35 and Power Grid Corporation of India Ltd (BO:PGRD) which gained 0.53% to close at 171.00.

The worst performers were State Bank Of India (BO:SBI) which was down 5.64% to 177.20 in late trade, Sun Pharmaceutical Industries Ltd. (BO:SUN) which lost 5.12% to settle at 473.60 and Maruti Suzuki India Ltd. (BO:MRTI) which was down 4.16% to 5428.10 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1029 to 583 and 55 ended unchanged; on the Bombay Stock Exchange, 1454 fell and 972 advanced, while 137 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 0.76% to 29.6600.

Gold Futures for August delivery was up 1.03% or 17.65 to $1738.35 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July fell 3.38% or 1.34 to hit $38.26 a barrel, while the August Brent oil contract fell 3.07% or 1.28 to trade at $40.45 a barrel.

USD/INR was up 0.18% to 75.748, while EUR/INR rose 0.29% to 86.2080.

The US Dollar Index Futures was up 0.19% at 96.130.