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India stocks higher at close of trade; Nifty 50 up 0.51%

Published 05/14/2024, 06:30 AM
© Reuters India stocks higher at close of trade; Nifty 50 up 0.51%

Investing.com – India stocks were higher after the close on Tuesday, as gains in the Power, Metals and Capital Goods sectors led shares higher.

At the close in NSE, the Nifty 50 rose 0.51%, while the BSE Sensex 30 index climbed 0.45%.

The best performers of the session on the Nifty 50 were Adani Enterprises Ltd (NS:ADEL), which rose 5.39% or 155.35 points to trade at 3,034.95 at the close. Meanwhile, Mahindra & Mahindra Ltd. (NS:MAHM) added 4.07% or 89.00 points to end at 2,273.25 and Hero MotoCorp Ltd (NS:HROM) was up 2.98% or 145.45 points to 5,031.00 in late trade.

The worst performers of the session were Cipla Ltd. (NS:CIPL), which fell 3.99% or 56.45 points to trade at 1,358.20 at the close. Tata Consultancy Services Ltd. (NS:TCS) declined 1.10% or 43.60 points to end at 3,904.20 and Tata Consumer Products Ltd (NS:TACN) was down 1.00% or 10.95 points to 1,086.00.

The top performers on the BSE Sensex 30 were Mahindra & Mahindra Ltd. (BO:MAHM) which rose 3.92% to 2,274.00, Larsen & Toubro Ltd (BO:LART) which was up 2.43% to settle at 3,375.00 and NTPC Ltd (BO:NTPC) which gained 1.45% to close at 356.00.

The worst performers were Nestle India Ltd (BO:NEST) which was down 1.05% to 2,489.25 in late trade, Tata Consultancy Services Ltd. (BO:TCS) which lost 1.03% to settle at 3,906.00 and Dr Reddy’s Laboratories Ltd (BO:REDY) which was down 0.97% to 5,861.00 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1675 to 520 and 37 ended unchanged; on the Bombay Stock Exchange, 2580 rose and 1082 declined, while 103 ended unchanged.

Shares in Mahindra & Mahindra Ltd. (NS:MAHM) rose to all time highs; rising 4.07% or 89.00 to 2,273.25. Shares in Hero MotoCorp Ltd (NS:HROM) rose to all time highs; rising 2.98% or 145.45 to 5,031.00. Shares in Mahindra & Mahindra Ltd. (BO:MAHM) rose to all time highs; rising 3.92% or 85.75 to 2,274.00.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 1.97% to 20.19.

Gold Futures for June delivery was up 0.33% or 7.65 to $2,350.65 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June rose 0.16% or 0.13 to hit $79.25 a barrel, while the July Brent oil contract rose 0.17% or 0.14 to trade at $83.50 a barrel.

USD/INR was up 0.02% to 83.52, while EUR/INR rose 0.05% to 90.15.

The US Dollar Index Futures was unchanged 0.00% at 105.10.

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