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India stocks higher at close of trade; Nifty 50 up 0.92%

Published 05/16/2024, 06:30 AM
© Reuters.  India stocks higher at close of trade; Nifty 50 up 0.92%

Investing.com – India stocks were higher after the close on Thursday, as gains in the Capital Goods, Consumer Durables and Technology sectors led shares higher.

At the close in NSE, the Nifty 50 added 0.92%, while the BSE Sensex 30 index added 0.93%.

The best performers of the session on the Nifty 50 were Mahindra & Mahindra Ltd. (NS:MAHM), which rose 3.91% or 90.00 points to trade at 2,392.30 at the close. Meanwhile, Tata Consumer Products Ltd (NS:TACN) added 2.91% or 31.10 points to end at 1,100.00 and Bharti Airtel Ltd. (NS:BRTI) was up 2.60% or 34.10 points to 1,344.00 in late trade.

The worst performers of the session were Maruti Suzuki India Ltd. (NS:MRTI), which fell 2.15% or 274.85 points to trade at 12,492.45 at the close. Dr Reddy’s Laboratories Ltd (NS:REDY) declined 1.00% or 59.00 points to end at 5,816.00 and State Bank Of India (NS:SBI) was down 0.94% or 7.70 points to 812.60.

The top performers on the BSE Sensex 30 were Mahindra & Mahindra Ltd. (BO:MAHM) which rose 3.93% to 2,393.00, Bharti Airtel Ltd (BO:BRTI) which was up 2.38% to settle at 1,342.95 and Tech Mahindra Ltd (BO:TEML) which gained 2.34% to close at 1,304.45.

The worst performers were Maruti Suzuki India Ltd. (BO:MRTI) which was down 2.16% to 12,500.00 in late trade, State Bank Of India (BO:SBI) which lost 0.91% to settle at 812.90 and Power Grid Corporation of India Ltd (BO:PGRD) which was down 0.90% to 312.15 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1238 to 949 and 55 ended unchanged; on the Bombay Stock Exchange, 2025 rose and 1656 declined, while 116 ended unchanged.

Shares in Mahindra & Mahindra Ltd. (NS:MAHM) rose to all time highs; rising 3.91% or 90.00 to 2,392.30. Shares in Bharti Airtel Ltd. (NS:BRTI) rose to all time highs; rising 2.60% or 34.10 to 1,344.00. Shares in Mahindra & Mahindra Ltd. (BO:MAHM) rose to all time highs; gaining 3.93% or 90.45 to 2,393.00. Shares in Bharti Airtel Ltd (BO:BRTI) rose to all time highs; rising 2.38% or 31.20 to 1,342.95.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 1.37% to 20.00.

Gold Futures for June delivery was down 0.29% or 7.05 to $2,387.85 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June fell 0.45% or 0.35 to hit $78.28 a barrel, while the July Brent oil contract fell 0.44% or 0.36 to trade at $82.39 a barrel.

USD/INR was up 0.10% to 83.50, while EUR/INR fell 0.04% to 90.75.

The US Dollar Index Futures was up 0.08% at 104.30.

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