India stocks lower at close of trade; Nifty 50 down 0.27%

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At the close in NSE, the Nifty 50 fell 0.27%, while the BSE Sensex 30 index lost 0.16%.

The best performers of the session on the Nifty 50 were AXIS Bank Ltd (NS:AXBK), which rose 6.68% or 29.80 points to trade at 476.00 at the close. Meanwhile, Titan Company Ltd (NS:TITN) added 4.96% or 50.35 points to end at 1065.50 and Power Grid Corporation of India Ltd (NS:PGRD) was up 3.60% or 6.25 points to 179.90 in late trade.

The worst performers of the session were Hero MotoCorp Ltd (NS:HROM), which fell 3.32% or 95.15 points to trade at 2774.00 at the close. Bharat Petroleum Corp. Ltd. (NS:BPCL) declined 3.08% or 14.30 points to end at 449.90 and Hindustan Unilever Ltd. (NS:HLL) was down 3.06% or 71.00 points to 2247.00.

The top performers on the BSE Sensex 30 were AXIS Bank Ltd. (BO:AXBK) which rose 7.36% to 479.05, Titan Company Ltd (BO:TITN) which was up 4.93% to settle at 1065.00 and Power Grid Corporation of India Ltd (BO:PGRD) which gained 3.60% to close at 179.85.

The worst performers were Hindustan Unilever Ltd. (BO:HLL) which was down 3.11% to 2247.00 in late trade, Tata Steel Ltd (BO:TISC) which lost 2.51% to settle at 350.10 and Maruti Suzuki India Ltd. (BO:MRTI) which was down 2.06% to 6006.40 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 962 to 656 and 54 ended unchanged; on the Bombay Stock Exchange, 1390 fell and 1100 advanced, while 134 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 1.87% to 24.8850.

Gold Futures for August delivery was up 0.70% or 12.90 to $1856.80 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September fell 1.48% or 0.62 to hit $41.30 a barrel, while the September Brent oil contract fell 1.26% or 0.56 to trade at $43.76 a barrel.

USD/INR was up 0.06% to 74.575, while EUR/INR rose 0.45% to 86.2865.

The US Dollar Index Futures was down 0.10% at 94.968.