3 months ago
Stock Market

India stocks higher at close of trade; Nifty 50 up 0.77%

Investing.com – India stocks were higher after the close on Monday, as gains in the Metals, Oil&Gas and Power sectors

Investing.com – India stocks were higher after the close on Monday, as gains in the Metals, Oil&Gas and Power sectors led shares higher.

At the close in NSE, the Nifty 50 gained 0.77% to hit a new 1-month high, while the BSE Sensex 30 index added 0.85%.

The best performers of the session on the Nifty 50 were Tata Motors Ltd (NS:TAMO), which rose 4.52% or 7.55 points to trade at 173.95 at the close. Meanwhile, Power Grid Corporation of India Ltd (NS:PGRD) added 3.69% or 6.85 points to end at 192.55 and Housing Development Finance Corporation Ltd (NS:HDFC) was up 3.09% or 58.90 points to 1960.35 in late trade.

The worst performers of the session were Kotak Mahindra Bank Ltd. (NS:KTKM), which fell 2.70% or 33.95 points to trade at 1222.45 at the close. Infosys Ltd (NS:INFY) declined 1.88% or 13.30 points to end at 694.40 and Bajaj Finserv Ltd (NS:BJFS) was down 1.42% or 87.90 points to 6087.80.

The top performers on the BSE Sensex 30 were Tata Motors Ltd DVR (BO:TAMdv) which rose 4.42% to 95.70, Tata Motors Ltd (BO:TAMO) which was up 4.10% to settle at 173.75 and Power Grid Corporation of India Ltd (BO:PGRD) which gained 3.77% to close at 192.50.

The worst performers were Kotak Mahindra Bank Ltd. (BO:KTKM) which was down 2.50% to 1223.90 in late trade, Infosys Ltd (BO:INFY) which lost 1.71% to settle at 693.55 and Bharti Airtel Ltd (BO:BRTI) which was down 1.30% to 314.65 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 897 to 679 and 74 ended unchanged; on the Bombay Stock Exchange, 1338 rose and 1180 declined, while 145 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 4.07% to 14.5400 a new 1-month low.

Gold Futures for February delivery was up 0.17% or 2.15 to $1243.55 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February rose 1.09% or 0.56 to hit $52.03 a barrel, while the February Brent oil contract rose 1.24% or 0.75 to trade at $61.03 a barrel.

USD/INR was down 0.63% to 71.525, while EUR/INR fell 0.26% to 81.1470.

The US Dollar Index Futures was down 0.20% at 96.713.