India stocks lower at close of trade; Nifty 50 down 1.94%

Investing.com – India stocks were lower after the close on Friday, as losses in the , and sectors led shares lower.

At the close in NSE, the declined 1.94%, while the index fell 1.82%.

The best performers of the session on the were IndusInd Bank Ltd. (NS:), which rose 2.52% or 30.15 points to trade at 1,226.00 at the close. Meanwhile, Cipla Ltd. (NS:) added 1.03% or 10.60 points to end at 1,043.90 and AXIS Bank Ltd (NS:) was down 0.09% or 0.70 points to 789.30 in late trade.

The worst performers of the session were UPL Ltd (NS:), which fell 5.28% or 39.20 points to trade at 703.40 at the close. Tata Consumer Products Ltd (NS:) declined 5.04% or 42.20 points to end at 795.20 and Tech Mahindra Ltd (NS:) was down 4.60% or 49.80 points to 1,033.20.

The top performers on the BSE Sensex 30 were IndusInd Bank Ltd. (BO:) which rose 2.63% to 1,227.50, AXIS Bank Ltd. (BO:) which was down 0.04% to settle at 789.40 and Kotak Mahindra Bank Ltd. (BO:) which lost 0.20% to close at 1,930.55.

The worst performers were UltraTech Cement Ltd (BO:) which was down 4.51% to 6,481.15 in late trade, Tech Mahindra Ltd (BO:) which lost 4.45% to settle at 1,034.30 and Infosys Ltd (BO:) which was down 3.69% to 1,379.15 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1521 to 318 and 39 ended unchanged; on the Bombay Stock Exchange, 2417 fell and 942 advanced, while 101 ended unchanged.

Shares in Infosys Ltd (BO:) fell to 52-week lows; falling 3.69% or 52.90 to 1,379.15.

The , which measures the implied volatility of Nifty 50 options, was up 7.77% to 19.82.

Gold Futures for December delivery was down 0.38% or 6.35 to $1,670.95 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in October rose 0.40% or 0.34 to hit $85.44 a barrel, while the November Brent oil contract rose 0.61% or 0.55 to trade at $91.39 a barrel.

USD/INR was down 0.14% to 79.74, while EUR/INR fell 0.30% to 79.60.

The US Dollar Index Futures was up 0.17% at 109.64.

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