India stocks lower at close of trade; Nifty 50 down 0.83% By Investing.com

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 lost 0.83%, while the index declined 0.80%.

The best performers of the session on the were HDFC Life Insurance Company Ltd (NS:), which rose 1.93% or 11.00 points to trade at 582.40 at the close. Meanwhile, Tata Consumer Products Ltd (NS:) added 1.49% or 12.10 points to end at 823.75 and Kotak Mahindra Bank Ltd. (NS:) was up 1.42% or 25.10 points to 1,790.75 in late trade.

The worst performers of the session were AXIS Bank Ltd (NS:), which fell 6.57% or 51.20 points to trade at 728.60 at the close. Coal India Ltd (NS:) declined 3.89% or 7.40 points to end at 182.85 and Adani Ports and Special Economic Zone Ltd (NS:) was down 3.46% or 30.70 points to 856.40.

The top performers on the BSE Sensex 30 were Kotak Mahindra Bank Ltd. (BO:) which rose 1.44% to 1,791.00, HDFC Bank Ltd (BO:) which was up 1.00% to settle at 1,384.75 and Sun Pharmaceutical Industries Ltd. (BO:) which gained 0.94% to close at 929.00.

The worst performers were AXIS Bank Ltd. (BO:) which was down 6.57% to 728.70 in late trade, Power Grid Corporation of India Ltd (BO:) which lost 3.42% to settle at 227.60 and Wipro Ltd (BO:) which was down 2.59% to 509.00 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1229 to 599 and 37 ended unchanged; on the Bombay Stock Exchange, 2033 fell and 1233 advanced, while 131 ended unchanged.

The , which measures the implied volatility of Nifty 50 options, was up 0.19% to 19.42.

Gold Futures for June delivery was up 1.29% or 24.46 to $1,915.76 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June rose 1.14% or 1.20 to hit $106.56 a barrel, while the July Brent oil contract rose 1.51% or 1.62 to trade at $108.88 a barrel.

USD/INR was down 0.22% to 76.43, while EUR/INR rose 0.39% to 80.79.

The US Dollar Index Futures was down 0.66% at 102.97.