Stock market fall: IndusInd Bank, Vedant Fashions, IGIL shares hit 52-week low; check details

NIFTY50 and SENSEX rolled back its morning gains to close lower on Monday. NIFTY 50 closed 92 points, or 0.41% lower at 22,460. Meanwhile, the BSE SENSEX closed 217 points, or 0.29% down to 74,115. As many as 90 stocks hit their 52-week low.

The volatility index, or India VIX, was up 3.82% to 13.99. Among the sectoral indices, the NIFTY Oil & Gas and Realty indices were the biggest losers, down nearly 2% each. The NIFTY FMCG Index was the top sectoral gainer, up 0.22%.

IndusInd Bank (52-week low: ₹881.10)

Analysts have expressed concerns about the stock after the Reserve Bank of India (RBI) cut short the approval for Sumant Kathpalia's re-appointment as the bank's managing director and CEO for one year instead of three years.

Vedant Fashions (52-week low ₹780)

Shares of Vedant Fashions Ltd plunged as much as 6.14% to hit a fresh 52-week low of ₹780 apiece on the NSE on Monday.

The owner of the ethnic wear brand Manyavar has recently seen a slide in the stock price amid the market fall. Shares of the Indian ethnic wear retailer have dropped 18% in the past month and up to 39% this year so far. Earlier this week, on March 6, the company informed the stock exchanges about its scheduled meeting with analysts and investors. The meeting will be held on Wednesday, March 12.

International Gemmological Institute (India) (52-week low: ₹312.45)

A media report has said that the International Gemmological Institute has witnessed a 27% jump in certification volumes for lab-grown diamonds over the past one year. The company is now targeting a compounded annual growth rate (CAGR) of 15-20% over the next five years, it added.