India stocks higher at close of trade; Nifty 50 up 0.38%

This post was originally published on this site

At the close in NSE, the Nifty 50 gained 0.38% to hit a new 1-month high, while the BSE Sensex 30 index added 0.45%.

The best performers of the session on the Nifty 50 were AXIS Bank Ltd (NS:AXBK), which rose 2.35% or 16.10 points to trade at 700.60 at the close. Meanwhile, IndusInd Bank Ltd. (NS:INBK) added 2.00% or 17.05 points to end at 868.10 and Mahindra & Mahindra Ltd. (NS:MAHM) was up 1.96% or 22.85 points to 1,186.25 in late trade.

The worst performers of the session were Oil And Natural Gas Corporation Ltd (NS:ONGC), which fell 1.54% or 2.00 points to trade at 127.90 at the close. Nestle India Ltd (NS:NEST) declined 1.33% or 247.70 points to end at 18,377.70 and HDFC Life Insurance Company Ltd (NS:HDFL) was down 1.26% or 6.85 points to 535.90.

The top performers on the BSE Sensex 30 were AXIS Bank Ltd. (BO:AXBK) which rose 2.35% to 700.55, IndusInd Bank Ltd. (BO:INBK) which was up 2.09% to settle at 868.50 and Mahindra & Mahindra Ltd. (BO:MAHM) which gained 1.89% to close at 1,185.05.

The worst performers were Nestle India Ltd (BO:NEST) which was down 1.37% to 18,363.90 in late trade, HCL Technologies Ltd (BO:HCLT) which lost 1.14% to settle at 890.05 and Sun Pharmaceutical Industries Ltd. (BO:SUN) which was down 0.83% to 875.45 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1116 to 699 and 55 ended unchanged; on the Bombay Stock Exchange, 1937 rose and 1248 declined, while 142 ended unchanged.

Shares in Mahindra & Mahindra Ltd. (NS:MAHM) rose to all time highs; gaining 1.96% or 22.85 to 1,186.25. Shares in Mahindra & Mahindra Ltd. (BO:MAHM) rose to all time highs; rising 1.89% or 22.00 to 1,185.05.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 0.25% to 17.20.

Gold Futures for August delivery was up 0.20% or 3.45 to $1,713.65 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September fell 0.90% or 0.89 to hit $98.53 a barrel, while the September Brent oil contract fell 0.88% or 0.93 to trade at $105.34 a barrel.

USD/INR was down 0.10% to 79.94, while EUR/INR rose 1.02% to 81.96.

The US Dollar Index Futures was down 0.77% at 106.40.