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India stocks higher at close of trade; Nifty 50 up 0.51%

Published 07/06/2023, 06:45 AM
© Reuters India stocks higher at close of trade; Nifty 50 up 0.51%

Investing.com – India stocks were higher after the close on Thursday, as gains in the Real Estate, Oil & Gas and Power sectors led shares higher.

At the close in NSE, the Nifty 50 added 0.51% to hit a new all time high, while the BSE Sensex 30 index climbed 0.52%.

The best performers of the session on the Nifty 50 were Mahindra & Mahindra Ltd. (NS:MAHM), which rose 4.98% or 73.45 points to trade at 1,548.80 at the close. Meanwhile, Apollo Hospitals Enterprises Ltd. (NS:APLH) added 4.05% or 205.40 points to end at 5,283.05 and Power Grid Corporation of India Ltd (NS:PGRD) was up 3.73% or 9.45 points to 262.70 in late trade.

The worst performers of the session were Eicher Motors Ltd. (NS:EICH), which fell 2.65% or 87.55 points to trade at 3,222.20 at the close. HDFC Life Insurance Company Ltd (NS:HDFL) declined 1.85% or 12.45 points to end at 661.15 and Maruti Suzuki India Ltd. (NS:MRTI) was down 1.27% or 127.30 points to 9,865.00.

The top performers on the BSE Sensex 30 were Mahindra & Mahindra Ltd. (BO:MAHM) which rose 4.97% to 1,548.70, Power Grid Corporation of India Ltd (BO:PGRD) which was up 3.79% to settle at 262.85 and Reliance Industries Ltd (BO:RELI) which gained 2.07% to close at 2,638.35.

The worst performers were Maruti Suzuki India Ltd. (BO:MRTI) which was down 1.40% to 9,854.70 in late trade, HCL Technologies Ltd (BO:HCLT) which lost 1.23% to settle at 1,180.40 and Bajaj Finance Ltd (BO:BJFN) which was down 0.85% to 7,771.45 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1193 to 731 and 76 ended unchanged; on the Bombay Stock Exchange, 1956 rose and 1374 declined, while 142 ended unchanged.

Shares in Mahindra & Mahindra Ltd. (NS:MAHM) rose to all time highs; rising 4.98% or 73.45 to 1,548.80. Shares in Apollo Hospitals Enterprises Ltd. (NS:APLH) rose to 52-week highs; rising 4.05% or 205.40 to 5,283.05. Shares in Power Grid Corporation of India Ltd (NS:PGRD) rose to all time highs; up 3.73% or 9.45 to 262.70. Shares in Mahindra & Mahindra Ltd. (BO:MAHM) rose to all time highs; up 4.97% or 73.35 to 1,548.70. Shares in Power Grid Corporation of India Ltd (BO:PGRD) rose to all time highs; up 3.79% or 9.60 to 262.85.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 0.36% to 11.84.

Gold Futures for August delivery was up 0.12% or 2.25 to $1,929.35 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August rose 0.22% or 0.16 to hit $71.95 a barrel, while the September Brent oil contract rose 0.09% or 0.07 to trade at $76.72 a barrel.

USD/INR was up 0.07% to 82.45, while EUR/INR rose 0.37% to 89.78.

The US Dollar Index Futures was down 0.31% at 102.72.

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