Stock market

India stocks higher at close of trade; Nifty 50 up 0.95%

Stock Markets (Mar 09, 2021 05:45AM ET) India stocks higher at close of trade; Nifty 50 up 0.95%

© Reuters. India stocks higher at close of trade; Nifty 50 up 0.95%

Investing.com – India stocks were higher after the close on Tuesday, as gains in the BankingIT and Carbon sectors led shares higher.

At the close in NSE, the Nifty 50 added 0.95%, while the BSE Sensex 30 index added 1.16%.

The best performers of the session on the Nifty 50 were SBI Life Insurance Company Ltd (NS:SBIL), which rose 5.14% or 47.45 points to trade at 971.30 at the close. Meanwhile, Kotak Mahindra Bank Ltd. (NS:KTKM) added 3.29% or 63.10 points to end at 1978.95 and HDFC Bank Ltd (NS:HDBK) was up 2.83% or 43.00 points to 1562.50 in late trade.

The worst performers of the session were Bharat Petroleum Corp. Ltd. (NS:BPCL), which fell 4.46% or 20.80 points to trade at 445.90 at the close. Tata Steel Ltd (NS:TISC) declined 4.14% or 30.50 points to end at 706.75 and GAIL Ltd (NS:GAIL) was down 3.31% or 5.10 points to 149.05.

The top performers on the BSE Sensex 30 were Kotak Mahindra Bank Ltd. (BO:KTKM) which rose 3.17% to 1975.90, HDFC Bank Ltd (BO:HDBK) which was up 3.00% to settle at 1565.00 and Tech Mahindra Ltd (BO:TEML) which gained 2.73% to close at 995.00.

The worst performers were Power Grid Corporation of India Ltd (BO:PGRD) which was down 2.11% to 215.65 in late trade, Oil And Natural Gas Corporation Ltd (BO:ONGC) which lost 1.23% to settle at 116.85 and NTPC Ltd (BO:NTPC) which was down 1.18% to 109.25 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1072 to 595 and 63 ended unchanged; on the Bombay Stock Exchange, 1671 fell and 1216 advanced, while 185 ended unchanged.

Shares in SBI Life Insurance Company Ltd (NS:SBIL) rose to 52-week highs; up 5.14% or 47.45 to 971.30.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 8.83% to 22.4950.

Gold Futures for April delivery was up 1.23% or 20.60 to $1698.60 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April rose 1.18% or 0.77 to hit $65.82 a barrel, while the May Brent oil contract rose 1.30% or 0.89 to trade at $69.13 a barrel.

USD/INR was down 0.54% to 72.954, while EUR/INR fell 0.06% to 86.8190.

The US Dollar Index Futures was down 0.31% at 92.047.India stocks higher at close of trade; Nifty 50 up 0.95% 

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