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India stocks higher at close of trade; Nifty 50 up 0.50%

Published 08/10/2020, 06:45 AM
© Reuters.  India stocks higher at close of trade; Nifty 50 up 0.50%
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Investing.com – India stocks were higher after the close on Monday, as gains in the Healthcare, Capital Goods and Real Estate sectors led shares higher.

At the close in NSE, the Nifty 50 rose 0.50%, while the BSE Sensex 30 index climbed 0.37%.

The best performers of the session on the Nifty 50 were Cipla Ltd. (NS:CIPL), which rose 9.48% or 69.05 points to trade at 797.70 at the close. Meanwhile, Mahindra & Mahindra Ltd. (NS:MAHM) added 4.90% or 29.45 points to end at 629.90 and Larsen & Toubro Ltd (NS:LART) was up 4.84% or 44.30 points to 959.95 in late trade.

The worst performers of the session were Eicher Motors Ltd. (NS:EICH), which fell 2.19% or 477.35 points to trade at 21330.00 at the close. Asian Paints Ltd. (NS:ASPN) declined 1.23% or 22.25 points to end at 1784.00 and Maruti Suzuki India Ltd. (NS:MRTI) was down 1.20% or 80.00 points to 6599.00.

The top performers on the BSE Sensex 30 were Mahindra & Mahindra Ltd. (BO:MAHM) which rose 4.95% to 630.30, Larsen & Toubro Ltd (BO:LART) which was up 4.84% to settle at 960.00 and Sun Pharmaceutical Industries Ltd. (BO:SUN) which gained 3.47% to close at 544.05.

The worst performers were Reliance Industries Ltd (BO:RELI) which was down 1.26% to 2119.60 in late trade, Asian Paints Ltd. (BO:ASPN) which lost 1.17% to settle at 1783.95 and Maruti Suzuki India Ltd. (BO:MRTI) which was down 1.16% to 6602.00 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1119 to 513 and 80 ended unchanged; on the Bombay Stock Exchange, 1644 rose and 941 declined, while 152 ended unchanged.

Shares in Cipla Ltd. (NS:CIPL) rose to all time highs; gaining 9.48% or 69.05 to 797.70. Shares in Mahindra & Mahindra Ltd. (NS:MAHM) rose to 52-week highs; up 4.90% or 29.45 to 629.90. Shares in Mahindra & Mahindra Ltd. (BO:MAHM) rose to 52-week highs; up 4.95% or 29.70 to 630.30. Shares in Sun Pharmaceutical Industries Ltd. (BO:SUN) rose to 52-week highs; rising 3.47% or 18.25 to 544.05.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 0.30% to 22.5100 a new 3-months low.

Gold Futures for October delivery was up 0.57% or 11.45 to $2029.45 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September rose 1.29% or 0.53 to hit $41.75 a barrel, while the October Brent oil contract rose 0.86% or 0.38 to trade at $44.78 a barrel.

USD/INR was down 0.11% to 74.928, while EUR/INR fell 0.43% to 88.0785.

The US Dollar Index Futures was up 0.21% at 93.605.

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