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India stocks higher at close of trade; Nifty 50 up 0.89%

Published 09/11/2023, 06:45 AM
© Reuters India stocks higher at close of trade; Nifty 50 up 0.89%

Investing.com – India stocks were higher after the close on Monday, as gains in the Power, Auto and Public Sector Undertakings sectors led shares higher.

At the close in NSE, the Nifty 50 added 0.89% to hit a new all time high, while the BSE Sensex 30 index climbed 0.79%.

The best performers of the session on the Nifty 50 were Adani Ports and Special Economic Zone Ltd (NS:APSE), which rose 6.96% or 57.45 points to trade at 882.45 at the close. Meanwhile, Adani Enterprises Ltd (NS:ADEL) added 3.80% or 95.65 points to end at 2,614.95 and Power Grid Corporation of India Ltd (NS:PGRD) was up 2.26% or 5.85 points to 264.50 in late trade.

The worst performers of the session were Coal India Ltd (NS:COAL), which fell 1.12% or 3.15 points to trade at 278.95 at the close. Oil And Natural Gas Corporation Ltd (NS:ONGC) declined 0.57% or 1.05 points to end at 183.40 and Bajaj Finance Ltd (NS:BJFN) was down 0.28% or 20.65 points to 7,390.00.

The top performers on the BSE Sensex 30 were Power Grid Corporation of India Ltd (BO:PGRD) which rose 2.18% to 264.40, Axis Bank Ltd. (BO:AXBK) which was up 1.99% to settle at 1,000.20 and Maruti Suzuki India Ltd. (BO:MRTI) which gained 1.96% to close at 10,534.90.

The worst performers were Larsen & Toubro Ltd (BO:LART) which was down 0.27% to 2,894.05 in late trade, Bajaj Finance Ltd (BO:BJFN) which lost 0.22% to settle at 7,393.00 and IndusInd Bank Ltd. (BO:INBK) which was up 0.16% to 1,450.00 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1080 to 959 and 66 ended unchanged; on the Bombay Stock Exchange, 1996 rose and 1643 declined, while 164 ended unchanged.

Shares in Axis Bank Ltd. (BO:AXBK) rose to all time highs; up 1.99% or 19.55 to 1,000.20. Shares in Maruti Suzuki India Ltd. (BO:MRTI) rose to all time highs; up 1.96% or 202.35 to 10,534.90. Shares in IndusInd Bank Ltd. (BO:INBK) rose to 3-years highs; rising 0.16% or 2.35 to 1,450.00.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 5.26% to 11.35.

Gold Futures for December delivery was up 0.34% or 6.65 to $1,949.35 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in October fell 0.53% or 0.46 to hit $87.05 a barrel, while the November Brent oil contract fell 0.29% or 0.26 to trade at $90.39 a barrel.

USD/INR was down 0.13% to 83.02, while EUR/INR rose 0.31% to 89.09.

The US Dollar Index Futures was down 0.39% at 104.30.

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