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India stocks higher at close of trade; Nifty 50 up 0.49%

Published 07/31/2024, 06:30 AM
Updated 07/31/2024, 06:35 AM
© Reuters India stocks higher at close of trade; Nifty 50 up 0.49%
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Investing.com – India stocks were higher after the close on Wednesday, as gains in the Power, Metals and Auto sectors led shares higher.

At the close in NSE, the Nifty 50 rose 0.49% to hit a new all time high, while the BSE Sensex 30 index gained 0.35%.

The best performers of the session on the Nifty 50 were Maruti Suzuki India Ltd. (NS:MRTI), which rose 3.88% or 499.35 points to trade at 13,373.00 at the close. Meanwhile, JSW Steel Ltd (NS:JSTL) added 3.54% or 31.90 points to end at 934.00 and HDFC Life Insurance Company Ltd (NS:HDFL) was up 2.80% or 19.55 points to 716.75 in late trade.

The worst performers of the session were Britannia Industries Ltd (NS:BRIT), which fell 0.72% or 42.20 points to trade at 5,800.00 at the close. Dr Reddy’s Laboratories Ltd (NS:REDY) declined 0.71% or 48.25 points to end at 6,755.90 and Apollo Hospitals Enterprises Ltd. (NS:APLH) was down 0.63% or 41.55 points to 6,599.45.

The top performers on the BSE Sensex 30 were Maruti Suzuki India Ltd. (BO:MRTI) which rose 3.93% to 13,380.35, JSW Steel Ltd (BO:JSTL) which was up 3.64% to settle at 934.90 and Asian Paints Ltd. (BO:ASPN) which gained 2.71% to close at 3,086.00.

The worst performers were Reliance Industries Ltd (BO:RELI) which was down 0.51% to 3,010.00 in late trade, Infosys Ltd (BO:INFY) which lost 0.48% to settle at 1,868.00 and Tata Motors Ltd (BO:TAMO) which was down 0.42% to 1,157.40 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1237 to 1225 and 21 ended unchanged; on the Bombay Stock Exchange, 2012 rose and 1781 declined, while 78 ended unchanged.

Shares in Maruti Suzuki India Ltd. (NS:MRTI) rose to all time highs; up 3.88% or 499.35 to 13,373.00. Shares in HDFC Life Insurance Company Ltd (NS:HDFL) rose to 52-week highs; rising 2.80% or 19.55 to 716.75. Shares in Maruti Suzuki India Ltd. (BO:MRTI) rose to all time highs; up 3.93% or 505.85 to 13,380.35.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 3.26% to 13.30.

Gold Futures for December delivery was up 0.48% or 11.70 to $2,463.60 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September rose 2.58% or 1.93 to hit $76.66 a barrel, while the October Brent oil contract rose 2.29% or 1.79 to trade at $79.86 a barrel.

USD/INR was down 0.02% to 83.72, while EUR/INR rose 0.15% to 90.68.

The US Dollar Index Futures was down 0.41% at 103.89.

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