India stocks lower at close of trade; Nifty 50 down 2.50%

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

At the close in NSE, the lost 2.50% to hit a new 3-years low, while the index lost 2.58%.

The best performers of the session on the were Yes Bank Ltd (NS:), which rose 59.30% or 22.00 points to trade at 59.10 at the close. Meanwhile, Hindustan Unilever Ltd. (NS:) added 3.09% or 60.05 points to end at 2001.95 and Eicher Motors Ltd. (NS:) was up 2.77% or 456.30 points to 16950.00 in late trade.

The worst performers of the session were Zee Entertainment Enterprises Ltd. (NS:), which fell 20.05% or 33.35 points to trade at 133.00 at the close. IndusInd Bank Ltd. (NS:) declined 9.20% or 61.10 points to end at 603.05 and ICICI Bank Ltd (NS:) was down 8.92% or 35.95 points to 366.95.

The top performers on the BSE Sensex 30 were Hindustan Unilever Ltd. (BO:) which rose 3.49% to 2009.00, Hero MotoCorp Ltd (BO:) which was up 2.68% to settle at 1831.90 and Power Grid Corporation of India Ltd (BO:) which gained 2.53% to close at 162.15.

The worst performers were ICICI Bank Ltd (BO:) which was down 8.95% to 366.85 in late trade, IndusInd Bank Ltd. (BO:) which lost 8.89% to settle at 604.30 and Bajaj Finance Ltd (BO:) which was down 6.26% to 3444.85 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1027 to 518 and 80 ended unchanged; on the Bombay Stock Exchange, 1562 fell and 737 advanced, while 145 ended unchanged.

Shares in Zee Entertainment Enterprises Ltd. (NS:) fell to 5-year lows; down 20.05% or 33.35 to 133.00. Shares in IndusInd Bank Ltd. (NS:) fell to 5-year lows; losing 9.20% or 61.10 to 603.05. Shares in ICICI Bank Ltd (NS:) fell to 52-week lows; down 8.92% or 35.95 to 366.95. Shares in ICICI Bank Ltd (BO:) fell to 52-week lows; falling 8.95% or 36.05 to 366.85. Shares in IndusInd Bank Ltd. (BO:) fell to 5-year lows; falling 8.89% or 59.00 to 604.30.

The , which measures the implied volatility of Nifty 50 options, was up 6.88% to 62.9250 a new 5-year high.

Gold Futures for April delivery was down 0.92% or 13.70 to $1472.80 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May rose 1.45% or 0.42 to hit $29.42 a barrel, while the May Brent oil contract fell 0.37% or 0.11 to trade at $29.94 a barrel.

USD/INR was up 0.32% to 74.235, while EUR/INR fell 0.82% to 82.0555.

The US Dollar Index Futures was up 0.85% at 98.987.

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