India stocks lower at close of trade; Nifty 50 down 12.98%

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 declined 12.98% to hit a new 3-years low, while the index lost 13.15%.

The best performers of the session on the were Power Grid Corporation of India Ltd (NS:), which fell 2.54% or 4.00 points to trade at 153.25 at the close. Meanwhile, GAIL Ltd (NS:) fell 2.60% or 2.10 points to end at 78.70 and Cipla Ltd. (NS:) was down 3.26% or 12.80 points to 380.00 in late trade.

The worst performers of the session were AXIS Bank Ltd (NS:), which fell 27.60% or 118.15 points to trade at 310.00 at the close. Bajaj Finserv Ltd (NS:) declined 27.48% or 1713.05 points to end at 4520.00 and IndusInd Bank Ltd. (NS:) was down 23.92% or 105.35 points to 335.00.

The top performers on the BSE Sensex 30 were Power Grid Corporation of India Ltd (BO:) which fell 2.22% to 154.00, HCL Technologies Ltd (BO:) which was down 3.73% to settle at 428.85 and NTPC Ltd (BO:) which lost 6.50% to close at 76.20.

The worst performers were AXIS Bank Ltd. (BO:) which was down 28.01% to 308.35 in late trade, Bajaj Finance Ltd (BO:) which lost 23.57% to settle at 2264.45 and IndusInd Bank Ltd. (BO:) which was down 23.50% to 336.55 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1457 to 86 and 55 ended unchanged; on the Bombay Stock Exchange, 1952 fell and 211 advanced, while 120 ended unchanged.

Shares in AXIS Bank Ltd (NS:) fell to 5-year lows; falling 27.60% or 118.15 to 310.00. Shares in Bajaj Finserv Ltd (NS:) fell to 52-week lows; falling 27.48% or 1713.05 to 4520.00. Shares in IndusInd Bank Ltd. (NS:) fell to 5-year lows; down 23.92% or 105.35 to 335.00. Shares in AXIS Bank Ltd. (BO:) fell to 5-year lows; falling 28.01% or 120.00 to 308.35. Shares in Bajaj Finance Ltd (BO:) fell to 52-week lows; falling 23.57% or 698.25 to 2264.45. Shares in NTPC Ltd (BO:) fell to 5-year lows; falling 6.50% or 5.30 to 76.20. Shares in IndusInd Bank Ltd. (BO:) fell to 5-year lows; falling 23.50% or 103.40 to 336.55.

The , which measures the implied volatility of Nifty 50 options, was up 7.28% to 71.9850.

Gold Futures for April delivery was up 0.75% or 11.10 to $1495.70 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May fell 0.84% or 0.19 to hit $22.44 a barrel, while the May Brent oil contract fell 4.41% or 1.19 to trade at $25.79 a barrel.

USD/INR was up 0.90% to 76.075, while EUR/INR rose 0.70% to 81.1720.

The US Dollar Index Futures was up 0.10% at 103.610.

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