Stock market

India stocks higher at close of trade; Nifty 50 up 0.12%

Stock Markets (Mar 08, 2021 05:45AM ET) India stocks higher at close of trade; Nifty 50 up 0.12%© Reuters. India stocks higher at close of trade; Nifty 50 up 0.12% – India stocks were higher after the close on Monday, as gains in the Capital GoodsPublic Sector Undertakings and Oil & Gas sectors led shares higher.

At the close in NSE, the Nifty 50 added 0.12%, while the BSE Sensex 30 index gained 0.07%.

The best performers of the session on the Nifty 50 were UPL Ltd (NS:UPLL), which rose 6.49% or 38.40 points to trade at 629.95 at the close. Meanwhile, GAIL Ltd (NS:GAIL) added 4.76% or 7.00 points to end at 154.15 and Larsen & Toubro Ltd (NS:LART) was up 3.53% or 51.65 points to 1515.20 in late trade.

The worst performers of the session were Bajaj Finance Ltd (NS:BJFN), which fell 2.28% or 124.25 points to trade at 5320.65 at the close. Shree Cements Ltd. (NS:SHCM) declined 2.19% or 608.60 points to end at 27240.00 and IndusInd Bank Ltd. (NS:INBK) was down 2.08% or 21.65 points to 1018.25.

The top performers on the BSE Sensex 30 were Larsen & Toubro Ltd (BO:LART) which rose 3.54% to 1515.45, Oil And Natural Gas Corporation Ltd (BO:ONGC) which was up 2.96% to settle at 118.30 and HCL Technologies Ltd (BO:HCLT) which gained 2.22% to close at 962.15.

The worst performers were IndusInd Bank Ltd. (BO:INBK) which was down 2.05% to 1018.40 in late trade, Bajaj Finance Ltd (BO:BJFN) which lost 2.01% to settle at 5334.90 and UltraTech Cement Ltd (BO:ULTC) which was down 1.81% to 6687.25 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 896 to 782 and 84 ended unchanged; on the Bombay Stock Exchange, 1665 rose and 1356 declined, while 199 ended unchanged.

Shares in UPL Ltd (NS:UPLL) rose to 52-week highs; up 6.49% or 38.40 to 629.95. Shares in GAIL Ltd (NS:GAIL) rose to 52-week highs; rising 4.76% or 7.00 to 154.15.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 3.46% to 24.6750.

Gold Futures for April delivery was down 0.49% or 8.35 to $1690.15 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April fell 0.06% or 0.04 to hit $66.05 a barrel, while the May Brent oil contract fell 0.17% or 0.12 to trade at $69.24 a barrel.

USD/INR was up 0.04% to 73.207, while EUR/INR fell 0.26% to 86.9700.

The US Dollar Index Futures was up 0.22% at 92.188.India stocks higher at close of trade; Nifty 50 up 0.12% Add a Comment

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