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India stocks higher at close of trade; Nifty 50 up 0.25%

Published 06/08/2020, 06:45 AM
© Reuters.  India stocks higher at close of trade; Nifty 50 up 0.25%
NSEI
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NIFVIX
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AXBK
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BJFN
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BPCL
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EICH
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GAIL
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HDBK
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INBK
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MAHM
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SHCM
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ULTC
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ZEE
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BSESN
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BSESITIP
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BSEOIL
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BSEPSU
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Investing.com – India stocks were higher after the close on Monday, as gains in the Oil & Gas, Public Sector Undertakings and IT sectors led shares higher.

At the close in NSE, the Nifty 50 gained 0.25% to hit a new 1-month high, while the BSE Sensex 30 index gained 0.24%.

The best performers of the session on the Nifty 50 were GAIL Ltd (NS:GAIL), which rose 7.51% or 7.35 points to trade at 105.20 at the close. Meanwhile, IndusInd Bank Ltd. (NS:INBK) added 7.26% or 30.65 points to end at 453.00 and Bharat Petroleum Corp. Ltd. (NS:BPCL) was up 7.03% or 26.00 points to 395.60 in late trade.

The worst performers of the session were Zee Entertainment Enterprises Ltd. (NS:ZEE), which fell 4.46% or 9.20 points to trade at 197.00 at the close. Shree Cements Ltd. (NS:SHCM) declined 3.90% or 861.60 points to end at 21228.00 and Eicher Motors Ltd. (NS:EICH) was down 3.40% or 595.35 points to 16900.00.

The top performers on the BSE Sensex 30 were IndusInd Bank Ltd. (BO:INBK) which rose 6.89% to 451.65, AXIS Bank Ltd. (BO:AXBK) which was up 6.40% to settle at 431.40 and Bajaj Finance Ltd (BO:BJFN) which gained 4.78% to close at 2507.40.

The worst performers were Mahindra & Mahindra Ltd. (BO:MAHM) which was down 2.73% to 471.15 in late trade, UltraTech Cement Ltd (BO:ULTC) which lost 2.36% to settle at 3780.00 and HDFC Bank Ltd (BO:HDBK) which was down 1.72% to 1016.95 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1133 to 516 and 46 ended unchanged; on the Bombay Stock Exchange, 1716 rose and 804 declined, while 146 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 3.37% to 29.6475.

Gold Futures for August delivery was up 0.89% or 15.05 to $1698.05 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July rose 0.78% or 0.31 to hit $39.86 a barrel, while the August Brent oil contract rose 1.21% or 0.51 to trade at $42.81 a barrel.

USD/INR was down 0.03% to 75.534, while EUR/INR fell 0.18% to 85.1275.

The US Dollar Index Futures was up 0.13% at 97.047.

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