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India stocks higher at close of trade; Nifty 50 up 0.22%

Published 06/20/2024, 06:30 AM
© Reuters India stocks higher at close of trade; Nifty 50 up 0.22%
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Investing.com – India stocks were higher after the close on Thursday, as gains in the Real Estate, Metals and Oil & Gas sectors led shares higher.

At the close in NSE, the Nifty 50 gained 0.22% to hit a new all time high, while the BSE Sensex 30 index gained 0.18%.

The best performers of the session on the Nifty 50 were Hindalco Industries Ltd. (NS:HALC), which rose 2.13% or 14.10 points to trade at 676.50 at the close. Meanwhile, Grasim Industries Ltd (NS:GRAS) added 2.11% or 51.65 points to end at 2,498.80 and JSW Steel Ltd (NS:JSTL) was up 1.86% or 17.05 points to 932.00 in late trade.

The worst performers of the session were Hero MotoCorp Ltd (NS:HROM), which fell 2.53% or 143.10 points to trade at 5,504.60 at the close. Sun Pharmaceutical Industries Ltd. (NS:SUN) declined 2.19% or 33.00 points to end at 1,471.00 and Mahindra & Mahindra Ltd. (NS:MAHM) was down 2.14% or 62.65 points to 2,871.20.

The top performers on the BSE Sensex 30 were JSW Steel Ltd (BO:JSTL) which rose 1.67% to 930.45, Tata Steel Ltd (BO:TISC) which was up 1.56% to settle at 182.85 and ICICI Bank Ltd (BO:ICBK) which gained 1.07% to close at 1,157.00.

The worst performers were Mahindra & Mahindra Ltd. (BO:MAHM) which was down 1.92% to 2,875.90 in late trade, Sun Pharmaceutical Industries Ltd. (BO:SUN) which lost 1.85% to settle at 1,476.30 and NTPC Ltd (BO:NTPC) which was down 0.95% to 359.00 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1445 to 815 and 27 ended unchanged; on the Bombay Stock Exchange, 2197 rose and 1508 declined, while 124 ended unchanged.

Shares in Grasim Industries Ltd (NS:GRAS) rose to all time highs; gaining 2.11% or 51.65 to 2,498.80. Shares in JSW Steel Ltd (NS:JSTL) rose to all time highs; up 1.86% or 17.05 to 932.00. Shares in JSW Steel Ltd (BO:JSTL) rose to all time highs; rising 1.67% or 15.25 to 930.45.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 2.68% to 13.35.

Gold Futures for August delivery was up 0.16% or 3.85 to $2,350.75 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August rose 0.01% or 0.01 to hit $80.72 a barrel, while the August Brent oil contract rose 0.24% or 0.20 to trade at $85.27 a barrel.

USD/INR was up 0.22% to 83.61, while EUR/INR rose 0.08% to 89.69.

The US Dollar Index Futures was up 0.17% at 105.06.

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