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

India stocks higher at close of trade; Nifty 50 up 0.39%

Published 06/18/2024, 06:30 AM
Updated 06/18/2024, 06:35 AM
© Reuters India stocks higher at close of trade; Nifty 50 up 0.39%
NSEI
-
NIFVIX
-
REDY
-
ICBK
-
MRTI
-
PGRD
-
SHMF
-
TISC
-
ULTC
-
WIPR
-
BSESN
-

Investing.com – India stocks were higher after the close on Tuesday, as gains in the Real Estate, Consumer Durables and Green Energy sectors led shares higher.

At the close in NSE, the Nifty 50 added 0.39% to hit a new all time high, while the BSE Sensex 30 index added 0.40%.

The best performers of the session on the Nifty 50 were Shriram Finance Ltd. (NS:SHMF), which rose 3.57% or 97.60 points to trade at 2,829.75 at the close. Meanwhile, Power Grid Corporation of India Ltd (NS:PGRD) added 3.20% or 10.30 points to end at 331.80 and Wipro Ltd (NS:WIPR) was up 3.01% or 14.35 points to 491.85 in late trade.

The worst performers of the session were Maruti Suzuki India Ltd. (NS:MRTI), which fell 2.21% or 284.25 points to trade at 12,560.95 at the close. Dr Reddy’s Laboratories Ltd (NS:REDY) declined 1.54% or 94.00 points to end at 5,991.25 and Tata Steel Ltd (NS:TISC) was down 1.11% or 2.03 points to 181.12.

The top performers on the BSE Sensex 30 were Power Grid Corporation of India Ltd (BO:PGRD) which rose 3.13% to 331.55, Wipro Ltd (BO:WIPR) which was up 3.06% to settle at 491.95 and ICICI Bank Ltd (BO:ICBK) which gained 1.90% to close at 1,126.85.

The worst performers were Maruti Suzuki India Ltd. (BO:MRTI) which was down 2.14% to 12,576.20 in late trade, UltraTech Cement Ltd (BO:ULTC) which lost 0.96% to settle at 11,131.50 and Tata Steel Ltd (BO:TISC) which was down 0.90% to 181.40 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1222 to 1073 and 19 ended unchanged; on the Bombay Stock Exchange, 2060 rose and 1786 declined, while 148 ended unchanged.

Shares in Shriram Finance Ltd. (NS:SHMF) rose to all time highs; rising 3.57% or 97.60 to 2,829.75.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 1.11% to 12.97.

Gold Futures for August delivery was down 0.23% or 5.35 to $2,323.65 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August fell 0.18% or 0.14 to hit $79.58 a barrel, while the August Brent oil contract fell 0.17% or 0.14 to trade at $84.11 a barrel.

USD/INR was down 0.08% to 83.42, while EUR/INR fell 0.25% to 89.41.

The US Dollar Index Futures was up 0.16% at 105.11.

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.