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India stocks higher at close of trade; Nifty 50 up 0.81%

Published 12/05/2023, 05:30 AM
© Reuters India stocks higher at close of trade; Nifty 50 up 0.81%

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

At the close in NSE, the Nifty 50 rose 0.81% to hit a new all time high, while the BSE Sensex 30 index added 0.63%.

The best performers of the session on the Nifty 50 were Adani Enterprises Ltd (NS:ADEL), which rose 16.91% or 428.15 points to trade at 2,959.35 at the close. Meanwhile, Adani Ports and Special Economic Zone Ltd (NS:APSE) added 15.30% or 134.45 points to end at 1,013.10 and Power Grid Corporation of India Ltd (NS:PGRD) was up 4.42% or 9.40 points to 222.30 in late trade.

The worst performers of the session were LTIMindtree Ltd (NS:LTIM), which fell 1.53% or 85.35 points to trade at 5,492.05 at the close. Hindustan Unilever Ltd. (NS:HLL) declined 1.50% or 39.05 points to end at 2,563.25 and Divi's Laboratories Ltd. (NS:DIVI) was down 1.50% or 56.95 points to 3,741.15.

The top performers on the BSE Sensex 30 were Power Grid Corporation of India Ltd (BO:PGRD) which rose 4.46% to 222.40, NTPC Ltd (BO:NTPC) which was up 3.89% to settle at 285.50 and State Bank Of India (BO:SBI) which gained 2.31% to close at 608.40.

The worst performers were LTIMindtree Ltd (BO:LTIM) which was down 1.54% to 5,488.95 in late trade, Hindustan Unilever Ltd. (BO:HLL) which lost 1.45% to settle at 2,564.05 and HCL Technologies Ltd (BO:HCLT) which was down 1.28% to 1,319.65 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1141 to 930 and 63 ended unchanged; on the Bombay Stock Exchange, 1932 fell and 1684 advanced, while 120 ended unchanged.

Shares in Adani Ports and Special Economic Zone Ltd (NS:APSE) rose to all time highs; up 15.30% or 134.45 to 1,013.10. Shares in Power Grid Corporation of India Ltd (NS:PGRD) rose to all time highs; up 4.42% or 9.40 to 222.30. Shares in Power Grid Corporation of India Ltd (BO:PGRD) rose to all time highs; up 4.46% or 9.50 to 222.40. Shares in NTPC Ltd (BO:NTPC) rose to all time highs; gaining 3.89% or 10.70 to 285.50.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 3.58% to 13.46 a new 6-months high.

Gold Futures for February delivery was down 0.03% or 0.55 to $2,041.65 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January rose 1.05% or 0.77 to hit $73.81 a barrel, while the February Brent oil contract rose 0.92% or 0.72 to trade at $78.75 a barrel.

USD/INR was down 0.05% to 83.37, while EUR/INR fell 0.04% to 90.36.

The US Dollar Index Futures was down 0.07% at 103.58.

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