India stocks lower at close of trade; Nifty 50 down 1.73%

Indian stocks closed lower, with the Nifty 50 index declining by 1.73%. Market sentiment was bearish, driven by global economic concerns and rising inflationary pressures. Investors reacted negatively to broader economic indicators, influencing sell-offs in various sectors. The decline was exacerbated by profit-booking after previous gains. Analysts suggest caution moving forward as market volatility may persist.