India stocks lower at close of trade; Nifty 50 down 2.06%

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At the close in NSE, the Nifty 50 fell 2.06%, while the BSE Sensex 30 index lost 2.39%.

The best performers of the session on the Nifty 50 were Sun Pharmaceutical Industries Ltd. (NS:SUN), which rose 9.58% or 32.90 points to trade at 376.45 at the close. Meanwhile, Cipla Ltd. (NS:CIPL) added 8.28% or 34.25 points to end at 448.00 and ITC Ltd (NS:ITC) was up 6.67% or 11.10 points to 177.50 in late trade.

The worst performers of the session were AXIS Bank Ltd (NS:AXBK), which fell 8.85% or 31.75 points to trade at 326.90 at the close. IndusInd Bank Ltd. (NS:INBK) declined 8.33% or 28.50 points to end at 313.75 and ICICI Bank Ltd (NS:ICBK) was down 7.44% or 23.15 points to 288.00.

The top performers on the BSE Sensex 30 were Sun Pharmaceutical Industries Ltd. (BO:SUN) which rose 9.42% to 375.90, ITC Ltd (BO:ITC) which was up 6.88% to settle at 177.80 and Oil And Natural Gas Corporation Ltd (BO:ONGC) which gained 6.24% to close at 69.85.

The worst performers were AXIS Bank Ltd. (BO:AXBK) which was down 9.16% to 325.60 in late trade, IndusInd Bank Ltd. (BO:INBK) which lost 8.49% to settle at 313.25 and ICICI Bank Ltd (BO:ICBK) which was down 8.01% to 286.50 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 775 to 716 and 104 ended unchanged; on the Bombay Stock Exchange, 1085 rose and 1046 declined, while 159 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 7.91% to 55.3025.

Gold Futures for June delivery was down 0.51% or 8.40 to $1629.30 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May rose 4.58% or 1.16 to hit $26.48 a barrel, while the June Brent oil contract rose 8.78% or 2.63 to trade at $32.57 a barrel.

USD/INR was down 0.45% to 76.050, while EUR/INR fell 0.86% to 82.2180.

The US Dollar Index Futures was up 0.45% at 100.725.

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