India stocks lower at close of trade; Nifty 50 down 0.38%

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At the close in NSE, the Nifty 50 lost 0.38%, while the BSE Sensex 30 index fell 0.31%.

The best performers of the session on the Nifty 50 were Nestle India Ltd (NS:NEST), which rose 4.16% or 730.85 points to trade at 18300.00 at the close. Meanwhile, ITC Ltd (NS:ITC) added 3.77% or 7.75 points to end at 213.15 and Britannia Industries Ltd (NS:BRIT) was up 3.14% or 113.90 points to 3741.00 in late trade.

The worst performers of the session were UPL Ltd (NS:UPLL), which fell 11.29% or 55.60 points to trade at 437.00 at the close. UltraTech Cement Ltd (NS:ULTC) declined 3.32% or 170.80 points to end at 4974.00 and Shree Cements Ltd. (NS:SHCM) was down 2.79% or 680.50 points to 23740.20.

The top performers on the BSE Sensex 30 were Nestle India Ltd (BO:NEST) which rose 4.17% to 18294.10, ITC Ltd (BO:ITC) which was up 3.77% to settle at 213.10 and Hindustan Unilever Ltd. (BO:HLL) which gained 2.49% to close at 2348.70.

The worst performers were UltraTech Cement Ltd (BO:ULTC) which was down 3.27% to 4979.45 in late trade, Mahindra & Mahindra Ltd. (BO:MAHM) which lost 2.50% to settle at 736.00 and HDFC Bank Ltd (BO:HDBK) which was down 1.34% to 1387.00 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1029 to 630 and 57 ended unchanged; on the Bombay Stock Exchange, 1596 fell and 1207 advanced, while 148 ended unchanged.

Shares in Nestle India Ltd (NS:NEST) rose to all time highs; gaining 4.16% or 730.85 to 18300.00. Shares in Nestle India Ltd (BO:NEST) rose to all time highs; up 4.17% or 732.60 to 18294.10.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 1.10% to 18.7125.

Gold Futures for February delivery was down 0.05% or 0.95 to $1837.55 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January rose 0.94% or 0.43 to hit $45.95 a barrel, while the February Brent oil contract rose 1.04% or 0.51 to trade at $49.37 a barrel.

USD/INR was down 0.07% to 73.666, while EUR/INR rose 0.09% to 89.1335.

The US Dollar Index Futures was down 0.04% at 91.043.

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