India stocks lower at close of trade; Nifty 50 down 2.48%

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 fell 2.48% to hit a new 3-months low, while the index lost 2.32%.

The best performers of the session on the were Bajaj Auto Ltd (NS:), which rose 1.53% or 41.35 points to trade at 2745.00 at the close. Meanwhile, GAIL Ltd (NS:) added 0.84% or 0.90 points to end at 107.70 and Maruti Suzuki India Ltd. (NS:) was up 0.43% or 27.15 points to 6393.10 in late trade.

The worst performers of the session were Yes Bank Ltd (NS:), which fell 54.89% or 20.20 points to trade at 16.60 at the close. Tata Motors Ltd (NS:) declined 9.50% or 11.95 points to end at 113.80 and Zee Entertainment Enterprises Ltd. (NS:) was down 7.29% or 17.35 points to 220.80.

The top performers on the BSE Sensex 30 were Bajaj Auto Ltd (BO:) which rose 1.20% to 2736.10, Maruti Suzuki India Ltd. (BO:) which was up 1.03% to settle at 6430.30 and Asian Paints Ltd. (BO:) which gained 0.13% to close at 1877.80.

The worst performers were Tata Steel Ltd (BO:) which was down 6.51% to 351.20 in late trade, State Bank Of India (BO:) which lost 6.19% to settle at 270.45 and IndusInd Bank Ltd. (BO:) which was down 5.62% to 1014.30 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1287 to 287 and 57 ended unchanged; on the Bombay Stock Exchange, 1837 fell and 493 advanced, while 115 ended unchanged.

Shares in Yes Bank Ltd (NS:) fell to 5-year lows; losing 54.89% or 20.20 to 16.60. Shares in Zee Entertainment Enterprises Ltd. (NS:) fell to 5-year lows; losing 7.29% or 17.35 to 220.80. Shares in IndusInd Bank Ltd. (BO:) fell to 3-years lows; falling 5.62% or 60.40 to 1014.30.

The , which measures the implied volatility of Nifty 50 options, was up 10.30% to 25.6425 a new 6-months high.

Gold Futures for April delivery was up 1.11% or 18.50 to $1686.50 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April fell 4.16% or 1.91 to hit $43.99 a barrel, while the May Brent oil contract fell 4.34% or 2.17 to trade at $47.82 a barrel.

USD/INR was up 0.41% to 73.800, while EUR/INR rose 1.00% to 83.4255.

The US Dollar Index Futures was down 0.81% at 96.007.

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