India stocks lower at close of trade; Nifty 50 down 3.71%

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 3.71% to hit a new 3-months low, while the index fell 3.64%.

The best performers of the session on the were Indian Oil Corporation Ltd (NS:), which rose 0.57% or 0.60 points to trade at 106.25 at the close. Meanwhile, Maruti Suzuki India Ltd. (NS:) added 0.07% or 4.25 points to end at 6294.05 and ITC Ltd (NS:) was down 0.48% or 0.95 points to 196.60 in late trade.

The worst performers of the session were Vedanta Ltd (NS:), which fell 13.56% or 17.70 points to trade at 112.85 at the close. Tata Motors Ltd (NS:) declined 10.74% or 15.60 points to end at 129.65 and Hindalco Industries Ltd. (NS:) was down 7.93% or 13.35 points to 155.00.

The top performers on the BSE Sensex 30 were ITC Ltd (BO:) which rose 0.05% to 197.60, Maruti Suzuki India Ltd. (BO:) which was down 0.03% to settle at 6284.00 and IndusInd Bank Ltd. (BO:) which lost 1.04% to close at 1104.00.

The worst performers were Tech Mahindra Ltd (BO:) which was down 8.14% to 743.90 in late trade, Tata Steel Ltd (BO:) which lost 7.57% to settle at 381.55 and Mahindra & Mahindra Ltd. (BO:) which was down 7.50% to 456.40 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1382 to 171 and 72 ended unchanged; on the Bombay Stock Exchange, 1919 fell and 421 advanced, while 145 ended unchanged.

Shares in Vedanta Ltd (NS:) fell to 3-years lows; down 13.56% or 17.70 to 112.85. Shares in ITC Ltd (NS:) fell to 3-years lows; losing 0.48% or 0.95 to 196.60. Shares in Hindalco Industries Ltd. (NS:) fell to 3-years lows; falling 7.93% or 13.35 to 155.00. Shares in IndusInd Bank Ltd. (BO:) fell to 3-years lows; losing 1.04% or 11.60 to 1104.00. Shares in Mahindra & Mahindra Ltd. (BO:) fell to 5-year lows; down 7.50% or 37.00 to 456.40.

The , which measures the implied volatility of Nifty 50 options, was up 30.79% to 23.2350 a new 6-months high.

Gold Futures for April delivery was down 0.73% or 11.95 to $1630.55 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April fell 3.33% or 1.57 to hit $45.52 a barrel, while the May Brent oil contract fell 2.73% or 1.41 to trade at $50.32 a barrel.

USD/INR was up 0.64% to 72.109, while EUR/INR rose 0.93% to 79.5330.

The US Dollar Index Futures was down 0.34% at 98.127.

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