India stocks higher at close of trade; Nifty 50 up 0.73%

India stocks higher at close of trade; Nifty 50 up 0.73%

India stocks higher at close of trade; Nifty 50 up 0.73% India stocks higher at close of trade; Nifty 50 up 0.73%

Investing.com – India stocks were higher after the close on Monday, as gains in the Fast Moving Consumer Goods, Public Sector Undertakings and Healthcare sectors led shares higher.

At the close in NSE, the Nifty 50 gained 0.73% to hit a new all time high, while the BSE Sensex 30 index added 0.77%.

The best performers of the session on the Nifty 50 were UPL Ltd (NS:UPLL), which rose 4.44% or 20.25 points to trade at 475.95 at the close. Meanwhile, Zee Entertainment Enterprises Ltd. (NS:ZEE) added 4.33% or 8.95 points to end at 215.80 and Adani Port and Special Economic Zone Ltd (NS:APSE) was up 3.92% or 17.80 points to 471.50 in late trade.

The worst performers of the session were Nestle India Ltd (NS:NEST), which fell 1.49% or 266.15 points to trade at 17562.55 at the close. Kotak Mahindra Bank Ltd. (NS:KTKM) declined 1.39% or 25.70 points to end at 1820.55 and JSW Steel Ltd (NS:JSTL) was down 1.32% or 4.90 points to 365.50.

The top performers on the BSE Sensex 30 were Bharti Airtel Ltd (BO:BRTI) which rose 3.05% to 508.95, Hindustan Unilever Ltd. (BO:HLL) which was up 2.95% to settle at 2252.80 and Housing Development Finance Corporation Ltd (BO:HDFC) which gained 2.60% to close at 2304.45.

The worst performers were Kotak Mahindra Bank Ltd. (BO:KTKM) which was down 1.39% to 1820.30 in late trade, Nestle India Ltd (BO:NEST) which lost 1.36% to settle at 17583.90 and Tata Steel Ltd (BO:TISC) which was down 1.14% to 615.50 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1227 to 443 and 52 ended unchanged; on the Bombay Stock Exchange, 1947 rose and 910 declined, while 177 ended unchanged.

Shares in Adani Port and Special Economic Zone Ltd (NS:APSE) rose to all time highs; rising 3.92% or 17.80 to 471.50.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 0.01% to 18.0250.

Gold Futures for February delivery was down 0.25% or 4.60 to $1835.40 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January fell 0.86% or 0.40 to hit $45.86 a barrel, while the February Brent oil contract fell 0.75% or 0.37 to trade at $48.88 a barrel.

USD/INR was up 0.15% to 73.867, while EUR/INR fell 0.10% to 89.4090.

The US Dollar Index Futures was up 0.39% at 91.052.

Original Article

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