(C) Reuters. India stocks lower at close of trade; Nifty 50 down 0.74%
The best performers of the session on the Nifty 50 were Zee Entertainment Enterprises Ltd. (NS:ZEE), which rose 7.11% or 10.95 points to trade at 164.90 at the close. Meanwhile, Mahindra & Mahindra Ltd. (NS:MAHM) added 4.43% or 18.10 points to end at 426.40 and Cipla Ltd. (NS:CIPL) was up 3.31% or 20.40 points to 637.00 in late trade.
The worst performers of the session were AXIS Bank Ltd (NS:AXBK), which fell 5.21% or 18.60 points to trade at 338.60 at the close. Housing Development Finance Corporation Ltd (NS:HDFC) declined 5.10% or 81.45 points to end at 1515.85 and Bajaj Finserv Ltd (NS:BJFS) was down 4.61% or 209.20 points to 4330.00.
The top performers on the BSE Sensex 30 were Mahindra & Mahindra Ltd. (BO:MAHM) which rose 4.30% to 425.90, Infosys Ltd (BO:INFY) which was up 2.98% to settle at 692.00 and Asian Paints Ltd. (BO:ASPN) which gained 2.60% to close at 1616.00.
The worst performers were AXIS Bank Ltd. (BO:AXBK) which was down 5.32% to 338.30 in late trade, Housing Development Finance Corporation Ltd (BO:HDFC) which lost 4.99% to settle at 1516.55 and Bajaj Finance Ltd (BO:BJFN) which was down 4.67% to 1895.95 at the close.
Falling stocks outnumbered advancing ones on the India National Stock Exchange by 900 to 575 and 102 ended unchanged; on the Bombay Stock Exchange, 1267 fell and 920 advanced, while 148 ended unchanged.
Shares in Cipla Ltd. (NS:CIPL) rose to 52-week highs; gaining 3.31% or 20.40 to 637.00. Shares in Bajaj Finserv Ltd (NS:BJFS) fell to 52-week lows; losing 4.61% or 209.20 to 4330.00. Shares in Bajaj Finance Ltd (BO:BJFN) fell to 52-week lows; falling 4.67% or 92.90 to 1895.95.
The India VIX, which measures the implied volatility of Nifty 50 options, was down 1.84% to 32.3775 a new 1-month low.
Gold Futures for June delivery was up 0.84% or 14.55 to $1736.45 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July fell 6.22% or 2.11 to hit $31.81 a barrel, while the July Brent oil contract fell 4.96% or 1.79 to trade at $34.27 a barrel.
USD/INR was up 0.38% to 75.897, while EUR/INR fell 0.04% to 82.7510.
The US Dollar Index Futures was up 0.38% at 99.782.
India stocks lower at close of trade; Nifty 50 down 0.74%
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