IndusInd Bank shares plunged by 23% in early trade on Tuesday, hitting a 52-week low, following the private lender's disclosure of discrepancies in its derivatives portfolio. The stock extended its losing streak for the fifth consecutive session, becoming the biggest drag on the Sensex.

On the BSE, IndusInd Bank’s stock tanked 22.8%, reaching the lower circuit at ₹695.25 per share, marking its lowest level in the past year. Similarly, the stock plummeted by 21.67% on the National Stock Exchange (NSE), touching a 52-week low of ₹705.35 apiece.