India stocks higher at close of trade; Nifty 50 up 0.26%

India stocks higher at close of trade; Nifty 50 up 0.26%

© Reuters.  India stocks higher at close of trade; Nifty 50 up 0.26% © Reuters. India stocks higher at close of trade; Nifty 50 up 0.26%

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

At the close in NSE, the Nifty 50 gained 0.26%, while the BSE Sensex 30 index gained 0.30%.

The best performers of the session on the Nifty 50 were Oil And Natural Gas Corporation Ltd (NS:ONGC), which rose 5.46% or 5.00 points to trade at 96.65 at the close. Meanwhile, NTPC Ltd (NS:NTPC) added 5.15% or 5.00 points to end at 102.15 and GAIL Ltd (NS:GAIL) was up 5.04% or 6.05 points to 126.10 in late trade.

The worst performers of the session were AXIS Bank Ltd (NS:AXBK), which fell 2.34% or 14.65 points to trade at 612.40 at the close. Adani Port and Special Economic Zone Ltd (NS:APSE) declined 1.27% or 6.00 points to end at 465.00 and Eicher Motors Ltd. (NS:EICH) was down 1.11% or 27.65 points to 2465.00.

The top performers on the BSE Sensex 30 were Oil And Natural Gas Corporation Ltd (BO:ONGC) which rose 5.57% to 96.70, NTPC Ltd (BO:NTPC) which was up 5.24% to settle at 102.35 and Tata Steel Ltd (BO:TISC) which gained 1.90% to close at 621.75.

The worst performers were AXIS Bank Ltd. (BO:AXBK) which was down 2.30% to 612.65 in late trade, Mahindra & Mahindra Ltd. (BO:MAHM) which lost 1.04% to settle at 728.35 and Tech Mahindra Ltd (BO:TEML) which was down 0.73% to 921.00 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 978 to 676 and 51 ended unchanged; on the Bombay Stock Exchange, 1692 rose and 1161 declined, while 141 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 0.41% to 18.7900.

Gold Futures for February delivery was up 0.05% or 0.90 to $1838.30 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January fell 0.26% or 0.12 to hit $46.66 a barrel, while the February Brent oil contract fell 0.36% or 0.18 to trade at $50.07 a barrel.

USD/INR was down 0.06% to 73.697, while EUR/INR fell 0.12% to 89.3870.

The US Dollar Index Futures was up 0.10% at 90.912.

Original Article

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