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India stocks higher at close of trade; Nifty 50 up 0.78%

Published 07/14/2023, 06:45 AM
© Reuters India stocks higher at close of trade; Nifty 50 up 0.78%

Investing.com – India stocks were higher after the close on Friday, as gains in the IT, Technology and Metals sectors led shares higher.

At the close in NSE, the Nifty 50 added 0.78% to hit a new all time high, while the BSE Sensex 30 index climbed 0.77%.

The best performers of the session on the Nifty 50 were Tata Consultancy Services Ltd. (NS:TCS), which rose 5.01% or 167.45 points to trade at 3,508.00 at the close. Meanwhile, Infosys Ltd (NS:INFY) added 4.46% or 60.90 points to end at 1,426.00 and Tech Mahindra Ltd (NS:TEML) was up 4.24% or 49.85 points to 1,225.10 in late trade.

The worst performers of the session were HDFC Life Insurance Company Ltd (NS:HDFL), which fell 1.56% or 10.60 points to trade at 670.00 at the close. Mahindra & Mahindra Ltd. (NS:MAHM) declined 1.40% or 21.90 points to end at 1,545.00 and Power Grid Corporation of India Ltd (NS:PGRD) was down 0.86% or 2.10 points to 241.00.

The top performers on the BSE Sensex 30 were Tata Consultancy Services Ltd. (BO:TCS) which rose 5.13% to 3,512.00, Tech Mahindra Ltd (BO:TEML) which was up 4.51% to settle at 1,227.95 and Infosys Ltd (BO:INFY) which gained 4.40% to close at 1,425.35.

The worst performers were Mahindra & Mahindra Ltd. (BO:MAHM) which was down 1.28% to 1,546.50 in late trade, Power Grid Corporation of India Ltd (BO:PGRD) which lost 1.25% to settle at 240.10 and Dr. Reddy’s Laboratories Ltd (BO:REDY) which was down 1.06% to 5,090.35 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1311 to 616 and 62 ended unchanged; on the Bombay Stock Exchange, 2104 rose and 1195 declined, while 141 ended unchanged.

Shares in Tech Mahindra Ltd (NS:TEML) rose to 52-week highs; gaining 4.24% or 49.85 to 1,225.10. Shares in Tech Mahindra Ltd (BO:TEML) rose to 52-week highs; up 4.51% or 52.95 to 1,227.95.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 2.33% to 10.68.

Gold Futures for August delivery was down 0.20% or 4.00 to $1,959.80 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August fell 0.21% or 0.16 to hit $76.73 a barrel, while the September Brent oil contract fell 0.20% or 0.16 to trade at $81.20 a barrel.

USD/INR was up 0.18% to 82.16, while EUR/INR rose 0.07% to 92.18.

The US Dollar Index Futures was up 0.15% at 99.61.

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