India stocks lower at close of trade; Nifty 50 down 4.90%

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 fell 4.90% to hit a new 52-week low, while the index declined 5.17%.

The best performers of the session on the were Yes Bank Ltd (NS:), which rose 32.20% or 5.20 points to trade at 21.35 at the close. Meanwhile, Bharat Petroleum Corp. Ltd. (NS:) added 5.45% or 21.95 points to end at 425.05 and Bharti Infratel Ltd (NS:) was up 2.85% or 5.80 points to 209.50 in late trade.

The worst performers of the session were Oil And Natural Gas Corporation Ltd (NS:), which fell 15.99% or 14.15 points to trade at 74.35 at the close. Vedanta Ltd (NS:) declined 15.26% or 16.95 points to end at 94.10 and Reliance Industries Ltd (NS:) was down 13.10% or 166.50 points to 1104.50.

The top performers on the BSE Sensex 30 were Asian Paints Ltd. (BO:) which fell 0.48% to 1869.45, NTPC Ltd (BO:) which was down 1.29% to settle at 103.65 and Mahindra & Mahindra Ltd. (BO:) which lost 1.67% to close at 463.10.

The worst performers were Oil And Natural Gas Corporation Ltd (BO:) which was down 16.26% to 74.65 in late trade, Reliance Industries Ltd (BO:) which lost 12.35% to settle at 1113.15 and IndusInd Bank Ltd. (BO:) which was down 10.66% to 906.20 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1404 to 174 and 78 ended unchanged; on the Bombay Stock Exchange, 2083 fell and 327 advanced, while 156 ended unchanged.

Shares in Oil And Natural Gas Corporation Ltd (NS:) fell to 5-year lows; falling 15.99% or 14.15 to 74.35. Shares in Vedanta Ltd (NS:) fell to 3-years lows; losing 15.26% or 16.95 to 94.10. Shares in Reliance Industries Ltd (NS:) fell to 52-week lows; losing 13.10% or 166.50 to 1104.50. Shares in Oil And Natural Gas Corporation Ltd (BO:) fell to 5-year lows; losing 16.26% or 14.50 to 74.65. Shares in NTPC Ltd (BO:) fell to 5-year lows; down 1.29% or 1.35 to 103.65. Shares in IndusInd Bank Ltd. (BO:) fell to 3-years lows; down 10.66% or 108.10 to 906.20.

The , which measures the implied volatility of Nifty 50 options, was up 20.11% to 30.8000 a new 5-year high.

Gold Futures for April delivery was up 0.34% or 5.75 to $1678.15 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April fell 21.54% or 8.89 to hit $32.39 a barrel, while the May Brent oil contract fell 20.54% or 9.30 to trade at $35.97 a barrel.

USD/INR was up 0.09% to 74.067, while EUR/INR rose 1.15% to 84.5185.

The US Dollar Index Futures was down 0.80% at 95.170.

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