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

Published 08/01/2024, 06:30 AM
© Reuters India stocks higher at close of trade; Nifty 50 up 0.21%
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Investing.com – India stocks were higher after the close on Thursday, as gains in the Power, Oil & Gas and IT sectors led shares higher.

At the close in NSE, the Nifty 50 added 0.21% to hit a new all time high, while the BSE Sensex 30 index gained 0.15%.

The best performers of the session on the Nifty 50 were Power Grid Corporation of India Ltd (NS:PGRD), which rose 3.85% or 13.40 points to trade at 361.60 at the close. Meanwhile, Coal India Ltd (NS:COAL) added 3.50% or 18.30 points to end at 540.50 and Oil And Natural Gas Corporation Ltd (NS:ONGC) was up 2.03% or 6.80 points to 341.00 in late trade.

The worst performers of the session were Mahindra & Mahindra Ltd. (NS:MAHM), which fell 2.78% or 80.80 points to trade at 2,827.00 at the close. Hero MotoCorp Ltd (NS:HROM) declined 2.07% or 113.45 points to end at 5,375.00 and Tata Steel Ltd (NS:TISC) was down 1.36% or 2.25 points to 163.08.

The top performers on the BSE Sensex 30 were Power Grid Corporation of India Ltd (BO:PGRD) which rose 3.84% to 362.00, HDFC Bank Ltd (BO:HDBK) which was up 1.85% to settle at 1,647.00 and NTPC Ltd (BO:NTPC) which gained 1.79% to close at 423.50.

The worst performers were Mahindra & Mahindra Ltd. (BO:MAHM) which was down 2.76% to 2,827.00 in late trade, Tata Steel Ltd (BO:TISC) which lost 1.36% to settle at 163.10 and State Bank Of India (BO:SBI) which was down 1.20% to 862.30 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1670 to 801 and 15 ended unchanged; on the Bombay Stock Exchange, 2283 fell and 1507 advanced, while 88 ended unchanged.

Shares in Power Grid Corporation of India Ltd (NS:PGRD) rose to all time highs; up 3.85% or 13.40 to 361.60. Shares in Coal India Ltd (NS:COAL) rose to all time highs; rising 3.50% or 18.30 to 540.50. Shares in Oil And Natural Gas Corporation Ltd (NS:ONGC) rose to all time highs; up 2.03% or 6.80 to 341.00. Shares in Power Grid Corporation of India Ltd (BO:PGRD) rose to all time highs; rising 3.84% or 13.40 to 362.00. Shares in NTPC Ltd (BO:NTPC) rose to all time highs; gaining 1.79% or 7.45 to 423.50.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 2.38% to 12.94.

Gold Futures for December delivery was up 0.27% or 6.80 to $2,479.80 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September rose 0.74% or 0.58 to hit $78.49 a barrel, while the October Brent oil contract rose 0.78% or 0.63 to trade at $81.47 a barrel.

USD/INR was up 0.05% to 83.74, while EUR/INR fell 0.30% to 90.34.

The US Dollar Index Futures was up 0.29% at 104.16.

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