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India stocks higher at close of trade; Nifty 50 up 0.05%

Published 01/01/2024, 05:30 AM
© Reuters.  India stocks higher at close of trade; Nifty 50 up 0.05%

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

At the close in NSE, the Nifty 50 added 0.05%, while the BSE Sensex 30 index climbed 0.04%.

The best performers of the session on the Nifty 50 were Nestle India Ltd (NS:NEST), which rose 2.98% or 792.10 points to trade at 27,372.40 at the close. Meanwhile, Adani Enterprises Ltd (NS:ADEL) added 2.40% or 68.25 points to end at 2,917.20 and Adani Ports and Special Economic Zone Ltd (NS:APSE) was up 2.29% or 23.50 points to 1,047.85 in late trade.

The worst performers of the session were Eicher Motors Ltd. (NS:EICH), which fell 2.54% or 105.15 points to trade at 4,038.35 at the close. Bharti Airtel Ltd. (NS:BRTI) declined 1.86% or 19.15 points to end at 1,013.05 and Mahindra & Mahindra Ltd. (NS:MAHM) was down 1.51% or 26.10 points to 1,703.30.

The top performers on the BSE Sensex 30 were Nestle India Ltd (BO:NEST) which rose 2.94% to 27,376.65, Tech Mahindra Ltd (BO:TEML) which was up 1.66% to settle at 1,293.75 and HCL Technologies Ltd (BO:HCLT) which gained 1.29% to close at 1,485.00.

The worst performers were Bharti Airtel Ltd (BO:BRTI) which was down 1.98% to 1,012.40 in late trade, Mahindra & Mahindra Ltd. (BO:MAHM) which lost 1.43% to settle at 1,701.50 and HDFC Bank Ltd (BO:HDBK) which was down 1.03% to 1,692.00 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1378 to 740 and 66 ended unchanged; on the Bombay Stock Exchange, 2440 rose and 1324 declined, while 147 ended unchanged.

Shares in Nestle India Ltd (NS:NEST) rose to all time highs; gaining 2.98% or 792.10 to 27,372.40. Shares in Nestle India Ltd (BO:NEST) rose to all time highs; gaining 2.94% or 781.15 to 27,376.65.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 1.22% to 14.68.

Gold Futures for February delivery was down 0.56% or 11.70 to $2,071.80 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February fell 0.61% or 0.44 to hit $71.33 a barrel, while the March Brent oil contract fell 0.10% or 0.08 to trade at $77.07 a barrel.

USD/INR was down 0.01% to 83.24, while EUR/INR rose 0.30% to 92.14.

The US Dollar Index Futures was up 0.15% at 101.06.

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