stocks such as Axis Bank, Larsen & Toubro, Reliance Industries, InterGlobe Aviation (IndiGo), Maruti Suzuki and Eternal.At around 3:14 pm, the SENSEX was down 792 points at 81,514, while the NIFTY50 declined 204 points to trade at 25,086.Shares of IndiGo, the country’s largest airline, fell nearly 4 percent to an intraday low of Rs 4,722.50. The decline came after the airline reported a sharp 77 percent fall in net profit for the December quarter. IndiGo’s profit dropped to Rs 550 crore from Rs 2,449 crore a year ago. The company said the fall was mainly due to an exceptional expense of Rs 1,546 crore. This included Rs 969 crore for new labour code provisions and Rs 577 crore due to operational disruptions in December.Bandhan Bank shares rose as much as 5.5 percent, marking their best single-day gain in over nine months. This came despite a sharp drop in December quarter profit. The bank reported a 52 percent year-on-year fall in net profit to Rs 206 crore. However, profit improved sharply on a quarter-on-quarter basis, rising 84 percent from the previous quarter. The bank also reported better asset quality, with gross NPAs declining to 3.33 percent. Global brokerage CLSA said operating profit was better than expected, helped by controlled costs.