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India stocks higher at close of trade; Nifty 50 up 0.08%

Published 03/16/2023, 06:45 AM
India stocks higher at close of trade; Nifty 50 up 0.08%

Investing.com – India stocks were higher after the close on Thursday, as gains in the Power, Oil & Gas and Real Estate sectors led shares higher.

At the close in NSE, the Nifty 50 added 0.08%, while the BSE Sensex 30 index gained 0.14%.

The best performers of the session on the Nifty 50 were Bharat Petroleum Corp. Ltd. (NS:BPCL), which rose 6.24% or 20.60 points to trade at 350.90 at the close. Meanwhile, Nestle India Ltd (NS:NEST) added 2.54% or 457.30 points to end at 18,450.65 and Hindustan Unilever Ltd. (NS:HLL) was up 2.45% or 58.90 points to 2,465.00 in late trade.

The worst performers of the session were Hindalco Industries Ltd. (NS:HALC), which fell 5.22% or 21.20 points to trade at 384.95 at the close. Tata Steel Ltd (NS:TISC) declined 3.31% or 3.60 points to end at 105.05 and JSW Steel Ltd (NS:JSTL) was down 2.54% or 17.25 points to 662.40.

The top performers on the BSE Sensex 30 were Nestle India Ltd (BO:NEST) which rose 2.54% to 18,460.00, Asian Paints Ltd. (BO:ASPN) which was up 2.32% to settle at 2,894.95 and Hindustan Unilever Ltd. (BO:HLL) which gained 2.23% to close at 2,459.85.

The worst performers were Tata Steel Ltd (BO:TISC) which was down 3.31% to 105.05 in late trade, IndusInd Bank Ltd. (BO:INBK) which lost 2.31% to settle at 1,020.15 and Bharti Airtel Ltd (BO:BRTI) which was down 0.98% to 749.00 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1226 to 691 and 63 ended unchanged; on the Bombay Stock Exchange, 2085 fell and 1321 advanced, while 112 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 0.48% to 16.22.

Gold Futures for April delivery was down 0.38% or 7.25 to $1,924.05 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April rose 0.86% or 0.58 to hit $68.19 a barrel, while the May Brent oil contract rose 0.91% or 0.67 to trade at $74.36 a barrel.

USD/INR was up 0.03% to 82.75, while EUR/INR rose 0.14% to 87.77.

The US Dollar Index Futures was down 0.08% at 104.19.

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