PFC, REC, Adani stocks among top losers, share prices fall up to 20%

Shares of Ambuja Cements, Adani Enterprises, Vodafone Idea, Indus Towers, Adani Ports, BEL, GAIL, Hindustan Copper, BHEL, Adani Power, Hindustan Aeronautics, Bank of Baroda fell over 14% on NSE today.

Among the lot, Adani Ports and Adani Enterprises experienced the highest of 19.4% and 15% respectively, while PSUs NTPC, ONGC and Powergrid were down by over 14%.

The was also down by nearly 14% with all its constituents falling over 7% today while all Adani were also in red.

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As of 11:40 am, the BSE was trading nearly 3,700 points, or 4.6%, lower at 72,947 while The Nifty50 was down 990 points, or 4.30%, trading at 22,268.

Fear index VIX witnessed its highest single-day gain in 9 years jumping by nearly 37% on an intraday basis to the day's high of 28.62. The gains were seen after counting trends showed a strong fight back by the INDIA Alliance though BJP still managed to cross the majority mark.

Amid the bloodbath on the D-street, FMCG, pharma and healthcare stocks like DMart, Hindustan Unilever, Max Healthcare, Marico and Colgate-Palmolive managed to show gains of up to 3%.

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