Investing.com – India stocks were lower after the close on Wednesday, as losses in the Banking, Power and Real Estate sectors led shares lower.
At the close in NSE, the Nifty 50 declined 5.56% to hit a new 3-years low, while the BSE Sensex 30 index lost 5.59%.
The best performers of the session on the Nifty 50 were Zee Entertainment Enterprises Ltd. (NS:ZEE), which rose 26.97% or 35.90 points to trade at 169.00 at the close. Meanwhile, Yes Bank Ltd (NS:YESB) added 5.12% or 3.00 points to end at 61.65 and Oil And Natural Gas Corporation Ltd (NS:ONGC) was up 3.33% or 2.00 points to 62.00 in late trade.
The worst performers of the session were IndusInd Bank Ltd. (NS:INBK), which fell 23.99% or 144.95 points to trade at 459.20 at the close. Bharti Infratel Ltd (NS:BHRI) declined 22.48% or 43.70 points to end at 150.70 and Kotak Mahindra Bank Ltd. (NS:KTKM) was down 11.47% or 151.70 points to 1171.00.
The top performers on the BSE Sensex 30 were Oil And Natural Gas Corporation Ltd (BO:ONGC) which rose 9.83% to 65.95, ITC Ltd (BO:ITC) which was up 0.97% to settle at 150.65 and State Bank Of India (BO:SBI) which lost 0.12% to close at 214.65.
The worst performers were IndusInd Bank Ltd. (BO:INBK) which was down 23.90% to 459.85 in late trade, Power Grid Corporation of India Ltd (BO:PGRD) which lost 11.29% to settle at 143.85 and Kotak Mahindra Bank Ltd. (BO:KTKM) which was down 11.23% to 1173.00 at the close.
Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1341 to 219 and 66 ended unchanged; on the Bombay Stock Exchange, 1909 fell and 349 advanced, while 138 ended unchanged.
Shares in IndusInd Bank Ltd. (NS:INBK) fell to 5-year lows; losing 23.99% or 144.95 to 459.20. Shares in Bharti Infratel Ltd (NS:BHRI) fell to 5-year lows; falling 22.48% or 43.70 to 150.70. Shares in Kotak Mahindra Bank Ltd. (NS:KTKM) fell to 52-week lows; losing 11.47% or 151.70 to 1171.00. Shares in IndusInd Bank Ltd. (BO:INBK) fell to 5-year lows; down 23.90% or 144.45 to 459.85. Shares in Power Grid Corporation of India Ltd (BO:PGRD) fell to 3-years lows; losing 11.29% or 18.30 to 143.85. Shares in Kotak Mahindra Bank Ltd. (BO:KTKM) fell to 52-week lows; down 11.23% or 148.40 to 1173.00.
The India VIX, which measures the implied volatility of Nifty 50 options, was up 1.64% to 63.9550 a new 5-year high.
Gold Futures for April delivery was down 1.20% or 18.35 to $1507.45 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May fell 5.12% or 1.40 to hit $25.93 a barrel, while the May Brent oil contract fell 2.54% or 0.73 to trade at $28.00 a barrel.
USD/INR was up 0.35% to 74.320, while EUR/INR rose 0.44% to 81.7930.
The US Dollar Index Futures was up 0.14% at 99.942.