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India stocks higher at close of trade; Nifty 50 up 0.79%

Published 08/04/2021, 06:45 AM
© Reuters.  India stocks higher at close of trade; Nifty 50 up 0.79%
NSEI
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NIFVIX
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GRAS
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HDFC
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ICBK
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KTKM
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TAMO
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TITN
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ULTC
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NEST
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BSESN
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BSEPSU
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BSEBANK
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BSECRBX
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Investing.com – India stocks were higher after the close on Wednesday, as gains in the Banking, Carbon and Public Sector Undertakings sectors led shares higher.

At the close in NSE, the Nifty 50 gained 0.79% to hit a new all time high, while the BSE Sensex 30 index added 1.02%.

The best performers of the session on the Nifty 50 were Housing Development Finance Corporation Ltd (NS:HDFC), which rose 4.75% or 121.40 points to trade at 2676.05 at the close. Meanwhile, Kotak Mahindra Bank Ltd. (NS:KTKM) added 3.81% or 64.30 points to end at 1749.95 and ICICI Bank Ltd (NS:ICBK) was up 3.51% or 24.25 points to 714.65 in late trade.

The worst performers of the session were Grasim Industries Ltd (NS:GRAS), which fell 2.47% or 39.40 points to trade at 1553.00 at the close. Titan Company Ltd (NS:TITN) declined 2.21% or 40.60 points to end at 1799.60 and Tata Motors Ltd (NS:TAMO) was down 1.83% or 5.55 points to 298.15.

The top performers on the BSE Sensex 30 were Housing Development Finance Corporation Ltd (BO:HDFC) which rose 4.77% to 2675.75, Kotak Mahindra Bank Ltd. (BO:KTKM) which was up 3.74% to settle at 1749.80 and ICICI Bank Ltd (BO:ICBK) which gained 3.58% to close at 714.75.

The worst performers were Titan Company Ltd (BO:TITN) which was down 2.14% to 1799.80 in late trade, Nestle India Ltd (BO:NEST) which lost 1.39% to settle at 18032.90 and UltraTech Cement Ltd (BO:ULTC) which was down 1.19% to 7754.95 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1255 to 465 and 20 ended unchanged; on the Bombay Stock Exchange, 2062 fell and 1035 advanced, while 104 ended unchanged.

Shares in ICICI Bank Ltd (NS:ICBK) rose to all time highs; gaining 3.51% or 24.25 to 714.65. Shares in ICICI Bank Ltd (BO:ICBK) rose to all time highs; gaining 3.58% or 24.70 to 714.75.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 3.89% to 13.2125.

Gold Futures for December delivery was up 0.15% or 2.75 to $1816.85 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September fell 0.48% or 0.34 to hit $70.22 a barrel, while the October Brent oil contract fell 0.23% or 0.17 to trade at $72.24 a barrel.

USD/INR was down 0.12% to 74.158, while EUR/INR fell 0.16% to 87.9140.

The US Dollar Index Futures was up 0.03% at 92.120.

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