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India stocks higher at close of trade; Nifty 50 up 0.29%

Published 08/21/2024, 06:30 AM
India stocks higher at close of trade; Nifty 50 up 0.29%
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Investing.com – India stocks were higher after the close on Wednesday, as gains in the Consumer Durables, Metals and Capital Goods sectors led shares higher.

At the close in NSE, the Nifty 50 gained 0.29%, while the BSE Sensex 30 index added 0.13%.

The best performers of the session on the Nifty 50 were Divi's Laboratories Ltd. (NS:DIVI), which rose 3.70% or 174.85 points to trade at 4,898.00 at the close. Meanwhile, Titan Company Ltd (NS:TITN) added 2.42% or 84.10 points to end at 3,559.00 and SBI Life Insurance Company Ltd (NS:SBIL) was up 2.24% or 39.50 points to 1,800.80 in late trade.

The worst performers of the session were Tata Steel Ltd (NS:TISC), which fell 1.29% or 1.98 points to trade at 151.95 at the close. Tech Mahindra Ltd (NS:TEML) declined 1.26% or 20.60 points to end at 1,608.00 and UltraTech Cement Ltd (NS:ULTC) was down 1.14% or 129.70 points to 11,220.00.

The top performers on the BSE Sensex 30 were Titan Company Ltd (BO:TITN) which rose 2.46% to 3,560.00, Asian Paints Ltd. (BO:ASPN) which was up 1.53% to settle at 3,149.00 and ITC Ltd (BO:ITC) which gained 1.42% to close at 505.95.

The worst performers were UltraTech Cement Ltd (BO:ULTC) which was down 1.51% to 11,216.50 in late trade, Tata Steel Ltd (BO:TISC) which lost 1.30% to settle at 152.00 and Tech Mahindra Ltd (BO:TEML) which was down 1.21% to 1,608.70 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1663 to 811 and 15 ended unchanged; on the Bombay Stock Exchange, 2495 rose and 1294 declined, while 83 ended unchanged.

Shares in SBI Life Insurance Company Ltd (NS:SBIL) rose to all time highs; gaining 2.24% or 39.50 to 1,800.80. Shares in ITC Ltd (BO:ITC) rose to all time highs; rising 1.42% or 7.10 to 505.95.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 3.80% to 13.30.

Gold Futures for December delivery was down 0.18% or 4.65 to $2,545.95 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in October rose 0.57% or 0.42 to hit $73.59 a barrel, while the October Brent oil contract rose 0.60% or 0.46 to trade at $77.66 a barrel.

USD/INR was up 0.17% to 83.91, while EUR/INR rose 0.12% to 93.34.

The US Dollar Index Futures was up 0.04% at 101.34.

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