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India stocks higher at close of trade; Nifty 50 up 0.71%

Published 02/04/2021, 05:45 AM
© Reuters India stocks higher at close of trade; Nifty 50 up 0.71%
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Investing.com – India stocks were higher after the close on Thursday, as gains in the Public Sector Undertakings, Power and Fast Moving Consumer Goods sectors led shares higher.

At the close in NSE, the Nifty 50 added 0.71% to hit a new all time high, while the BSE Sensex 30 index climbed 0.71%.

The best performers of the session on the Nifty 50 were ITC Ltd (NS:ITC), which rose 6.09% or 13.20 points to trade at 229.95 at the close. Meanwhile, State Bank Of India (NS:SBI) added 5.70% or 19.15 points to end at 355.10 and Bajaj Finance Ltd (NS:BJFN) was up 4.95% or 259.75 points to 5504.85 in late trade.

The worst performers of the session were Asian Paints Ltd. (NS:ASPN), which fell 2.11% or 51.85 points to trade at 2401.80 at the close. UPL Ltd (NS:UPLL) declined 1.83% or 10.20 points to end at 548.05 and Cipla Ltd. (NS:CIPL) was down 1.65% or 14.00 points to 835.25.

The top performers on the BSE Sensex 30 were ITC Ltd (BO:ITC) which rose 6.21% to 230.20, State Bank Of India (BO:SBI) which was up 5.73% to settle at 355.10 and Bajaj Finance Ltd (BO:BJFN) which gained 4.91% to close at 5505.00.

The worst performers were Asian Paints Ltd. (BO:ASPN) which was down 1.85% to 2407.50 in late trade, IndusInd Bank Ltd. (BO:INBK) which lost 1.73% to settle at 1031.35 and Bharti Airtel Ltd (BO:BRTI) which was down 1.46% to 599.90 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1042 to 583 and 66 ended unchanged; on the Bombay Stock Exchange, 1787 rose and 1089 declined, while 136 ended unchanged.

Shares in ITC Ltd (NS:ITC) rose to 52-week highs; gaining 6.09% or 13.20 to 229.95. Shares in State Bank Of India (NS:SBI) rose to 52-week highs; gaining 5.70% or 19.15 to 355.10. Shares in Bajaj Finance Ltd (NS:BJFN) rose to all time highs; up 4.95% or 259.75 to 5504.85. Shares in ITC Ltd (BO:ITC) rose to 52-week highs; gaining 6.21% or 13.45 to 230.20. Shares in State Bank Of India (BO:SBI) rose to 52-week highs; rising 5.73% or 19.25 to 355.10. Shares in Bajaj Finance Ltd (BO:BJFN) rose to all time highs; gaining 4.91% or 257.40 to 5505.00.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 2.62% to 23.1225.

Gold Futures for April delivery was down 1.12% or 20.55 to $1814.55 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March rose 0.75% or 0.42 to hit $56.11 a barrel, while the April Brent oil contract rose 0.19% or 0.11 to trade at $58.80 a barrel.

USD/INR was up 0.23% to 72.980, while EUR/INR fell 0.12% to 87.5045.

The US Dollar Index Futures was up 0.35% at 91.422.

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