The large cap stock has fallen after six days of consecutive gains and opened at a loss of 5.21% on BSE. It has lost 44% since the beginning of his year and 41% during the last one year.

Indian economy will expand to 7.4 per cent in 2018, but the growth will slow down to 7.3 per cent in the next year as domestic demand tapers on higher borrowing cost

Moody's said that it expects Japan, Korea and Australia to lead the APAC region in rolling out of 5G data next year.

India is the second largest buyer of Iranian crude after China, accounting for about 30 percent of total crude exports from the Persian Gulf nation during April-August 2018.

Brent crude, the international oil benchmark, jumped 2.6 per cent on Monday, its highest since 2014, after Saudi Arabia-led OPEC and Russia stopped short of pledging to boost crude output ahead of US sanctions on Iran.

The debts incurred by IL&FS in the form of bank loans accounted for around 0.5-0.7 per cent of overall banking system loans as on March 31, 2018.

The stock closed 17.04% or 23 points lower on the NSE.  On the BSE, the stock closed 16.03%  or 21 points lower at 113 level. The market capitalisation of the stock fell by Rs 5,727 crore to Rs 30,013 crore on the BSE.

Today, the market extended losses with the Sensex closing 509 points or 1.34% lower at 37,413. Nifty too fell 150 points or 1.32% to 11,287 level. The Sensex has lost nearly 1,000 points in the last two sessions in a rout triggered by the worsening trade data. The Nifty too has lost 300 points in the same period.

Earlier, the Indian currency opened at a fresh record low of 72.18 to the dollar, down 45 paise compared to Friday's close of 71.73 level. The currency witnessed intense volatility and hit all-time low of 72.64 during morning deals.

The Indian GDP hardly has any implication on the Indian IT industry, from a business and growth perspective, since it is an export-led sector.

The Indian economy is expected to grow by around 7.5 per cent in 2018 and 2019 as it is largely resilient to external pressures like those from higher oil prices, Moody's Investors Service said today.

Rupee last week dropped to a record low of 70.32 to a US dollar as political turmoil in Turkey and concerns about China's economic health continued to support safe-haven assets and weighed on emerging market currencies.