India stocks lower at close of trade; Nifty 50 down 7.61%

Investing.com – India stocks were lower after the close on Monday, as losses in the , and sectors led shares lower.

At the close in NSE, the lost 7.61% to hit a new 52-week low, while the index declined 7.96%.

The best performers of the session on the were Yes Bank Ltd (NS:), which rose 45.01% or 11.50 points to trade at 37.05 at the close. Meanwhile, Bajaj Auto Ltd (NS:) fell 0.77% or 18.10 points to end at 2339.00 and Nestle India Ltd (NS:) was down 1.28% or 191.80 points to 14800.00 in late trade.

The worst performers of the session were IndusInd Bank Ltd. (NS:), which fell 18.35% or 147.50 points to trade at 656.25 at the close. JSW Steel Ltd (NS:) declined 14.82% or 31.85 points to end at 183.05 and Vedanta Ltd (NS:) was down 10.89% or 9.15 points to 74.90.

The top performers on the BSE Sensex 30 were Bajaj Auto Ltd (BO:) which fell 0.97% to 2338.00, Nestle India Ltd (BO:) which was down 1.17% to settle at 14800.50 and Sun Pharmaceutical Industries Ltd. (BO:) which lost 4.07% to close at 368.80.

The worst performers were IndusInd Bank Ltd. (BO:) which was down 17.50% to 663.30 in late trade, Tata Steel Ltd (BO:) which lost 11.02% to settle at 289.60 and Housing Development Finance Corporation Ltd (BO:) which was down 10.94% to 1842.20 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1345 to 228 and 67 ended unchanged; on the Bombay Stock Exchange, 1928 fell and 401 advanced, while 142 ended unchanged.

Shares in IndusInd Bank Ltd. (NS:) fell to 5-year lows; losing 18.35% or 147.50 to 656.25. Shares in JSW Steel Ltd (NS:) fell to 52-week lows; losing 14.82% or 31.85 to 183.05. Shares in Vedanta Ltd (NS:) fell to 3-years lows; falling 10.89% or 9.15 to 74.90. Shares in IndusInd Bank Ltd. (BO:) fell to 5-year lows; falling 17.50% or 140.70 to 663.30. Shares in Housing Development Finance Corporation Ltd (BO:) fell to 52-week lows; down 10.94% or 226.30 to 1842.20.

The , which measures the implied volatility of Nifty 50 options, was up 14.38% to 58.8750 a new 5-year high.

Gold Futures for April delivery was down 0.90% or 13.70 to $1503.00 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May fell 5.70% or 1.83 to hit $30.28 a barrel, while the May Brent oil contract fell 8.33% or 2.82 to trade at $31.03 a barrel.

USD/INR was up 0.54% to 74.240, while EUR/INR rose 1.29% to 83.0265.

The US Dollar Index Futures was down 1.01% at 97.910.

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