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India stocks higher at close of trade; Nifty 50 up 0.16%

Published 09/14/2023, 06:45 AM
India stocks higher at close of trade; Nifty 50 up 0.16%

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

At the close in NSE, the Nifty 50 added 0.16% to hit a new all time high, while the BSE Sensex 30 index gained 0.08%.

The best performers of the session on the Nifty 50 were UPL Ltd (NS:UPLL), which rose 3.86% or 23.45 points to trade at 631.75 at the close. Meanwhile, Hindalco Industries Ltd. (NS:HALC) added 2.93% or 14.15 points to end at 497.35 and Oil And Natural Gas Corporation Ltd (NS:ONGC) was up 2.18% or 4.00 points to 187.90 in late trade.

The worst performers of the session were Asian Paints Ltd. (NS:ASPN), which fell 1.14% or 37.50 points to trade at 3,240.25 at the close. ITC Ltd (NS:ITC) declined 0.78% or 3.55 points to end at 449.95 and Coal India Ltd (NS:COAL) was down 0.75% or 2.10 points to 277.55.

The top performers on the BSE Sensex 30 were Mahindra & Mahindra Ltd. (BO:MAHM) which rose 2.56% to 1,576.20, Tata Steel Ltd (BO:TISC) which was up 1.66% to settle at 131.65 and Tech Mahindra Ltd (BO:TEML) which gained 1.57% to close at 1,279.65.

The worst performers were Asian Paints Ltd. (BO:ASPN) which was down 1.13% to 3,239.40 in late trade, ITC Ltd (BO:ITC) which lost 0.75% to settle at 449.95 and LTIMindtree Ltd (BO:LTIM) which was down 0.72% to 5,496.20 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1451 to 571 and 48 ended unchanged; on the Bombay Stock Exchange, 2345 rose and 1168 declined, while 152 ended unchanged.

Shares in Oil And Natural Gas Corporation Ltd (NS:ONGC) rose to 5-year highs; gaining 2.18% or 4.00 to 187.90. Shares in Tech Mahindra Ltd (BO:TEML) rose to 52-week highs; rising 1.57% or 19.80 to 1,279.65.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 4.31% to 11.32.

Gold Futures for December delivery was down 0.16% or 3.15 to $1,929.35 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in October rose 1.14% or 1.01 to hit $89.53 a barrel, while the November Brent oil contract rose 1.10% or 1.01 to trade at $92.89 a barrel.

USD/INR was up 0.01% to 83.01, while EUR/INR rose 0.06% to 89.11.

The US Dollar Index Futures was down 0.04% at 104.35.

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