India stocks higher at close of trade; Nifty 50 up 0.93%

(C) Reuters. India stocks higher at close of trade; Nifty 50 up 0.93%

Investing.com – India stocks were higher after the close on Thursday, as gains in the Auto, IT and Technology sectors led shares higher.

At the close in NSE, the Nifty 50 gained 0.93%, while the BSE Sensex 30 index added 0.86%.

The best performers of the session on the Nifty 50 were Maruti Suzuki India Ltd. (NS:MRTI), which rose 6.27% or 488.25 points to trade at 8,271.00 at the close. Meanwhile, Hero MotoCorp Ltd (NS:HROM) added 5.93% or 149.65 points to end at 2,674.10 and Eicher Motors Ltd. (NS:EICH) was up 5.87% or 156.30 points to 2,819.05 in late trade.

The worst performers of the session were Reliance Industries Ltd (NS:RELI), which fell 1.62% or 40.65 points to trade at 2,464.95 at the close. Coal India Ltd (NS:COAL) declined 1.23% or 2.20 points to end at 177.15 and Power Grid Corporation of India Ltd (NS:PGRD) was down 1.19% or 2.50 points to 208.15.

The top performers on the BSE Sensex 30 were Maruti Suzuki India Ltd. (BO:MRTI) which rose 6.33% to 8,274.60, Mahindra & Mahindra Ltd. (BO:MAHM) which was up 4.41% to settle at 1,028.05 and Asian Paints Ltd. (BO:ASPN) which gained 3.39% to close at 2,758.60.

The worst performers were Reliance Industries Ltd (BO:RELI) which was down 1.62% to 2,464.60 in late trade, NTPC Ltd (BO:NTPC) which lost 0.94% to settle at 136.35 and Power Grid Corporation of India Ltd (BO:PGRD) which was down 0.90% to 208.60 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1236 to 575 and 59 ended unchanged; on the Bombay Stock Exchange, 2007 rose and 1181 declined, while 128 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 1.97% to 20.88.

Gold Futures for August delivery was down 0.41% or 7.55 to $1,830.85 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August fell 0.46% or 0.49 to hit $105.70 a barrel, while the August Brent oil contract fell 0.30% or 0.34 to trade at $111.40 a barrel.

USD/INR was up 0.17% to 78.31, while EUR/INR fell 0.36% to 82.28.

The US Dollar Index Futures was up 0.34% at 104.34.

India stocks higher at close of trade; Nifty 50 up 0.93%

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