Selloff or Market Correction? Either Way, Here's What to Do NextSee Overvalued Stocks

India stocks higher at close of trade; Nifty 50 up 0.21%

Published 03/11/2022, 05:45 AM
©  Reuters India stocks higher at close of trade; Nifty 50 up 0.21%
NSEI
-
NIFVIX
-
BPCL
-
CIPL
-
REDY
-
ITC
-
MRTI
-
NTPC
-
SUN
-
TACN
-
NEST
-
BSESN
-
BSESHLIP
-
BSEOIL
-
BSEPSU
-

Investing.com – India stocks were higher after the close on Friday, as gains in the Healthcare, Public Sector Undertakings and Oil & Gas sectors led shares higher.

At the close in NSE, the Nifty 50 rose 0.21%, while the BSE Sensex 30 index added 0.15%.

The best performers of the session on the Nifty 50 were Cipla Ltd. (NS:CIPL), which rose 5.76% or 56.90 points to trade at 1,043.95 at the close. Meanwhile, Sun Pharmaceutical Industries Ltd. (NS:SUN) added 3.73% or 32.45 points to end at 902.00 and Bharat Petroleum Corp. Ltd. (NS:BPCL) was up 3.72% or 13.00 points to 362.00 in late trade.

The worst performers of the session were Nestle India Ltd (NS:NEST), which fell 1.82% or 321.65 points to trade at 17,327.45 at the close. Maruti Suzuki India Ltd. (NS:MRTI) declined 1.51% or 109.25 points to end at 7,102.55 and Tata Consumer Products Ltd (NS:TACN) was down 1.07% or 7.75 points to 716.45.

The top performers on the BSE Sensex 30 were Sun Pharmaceutical Industries Ltd. (BO:SUN) which rose 3.82% to 902.15, Dr. Reddy’s Laboratories Ltd (BO:REDY) which was up 2.07% to settle at 3,974.85 and ITC Ltd (BO:ITC) which gained 1.81% to close at 236.20.

The worst performers were Nestle India Ltd (BO:NEST) which was down 1.56% to 17,358.10 in late trade, Maruti Suzuki India Ltd. (BO:MRTI) which lost 1.38% to settle at 7,106.65 and NTPC Ltd (BO:NTPC) which was down 0.75% to 131.90 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1113 to 695 and 33 ended unchanged; on the Bombay Stock Exchange, 2008 rose and 1232 declined, while 114 ended unchanged.

Shares in Cipla Ltd. (NS:CIPL) rose to all time highs; gaining 5.76% or 56.90 to 1,043.95. Shares in Sun Pharmaceutical Industries Ltd. (NS:SUN) rose to 5-year highs; gaining 3.73% or 32.45 to 902.00. Shares in Sun Pharmaceutical Industries Ltd. (BO:SUN) rose to 5-year highs; gaining 3.82% or 33.20 to 902.15.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 0.93% to 25.34.

Gold Futures for April delivery was down 0.16% or 3.20 to $1,997.20 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April rose 3.46% or 3.67 to hit $109.69 a barrel, while the May Brent oil contract rose 3.22% or 3.52 to trade at $112.85 a barrel.

USD/INR was up 0.28% to 76.57, while EUR/INR rose 0.36% to 84.09.

The US Dollar Index Futures was up 0.13% at 98.63.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.