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India stocks higher at close of trade; Nifty 50 up 0.94%

Published 09/01/2023, 06:45 AM
© Reuters India stocks higher at close of trade; Nifty 50 up 0.94%

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

At the close in NSE, the Nifty 50 rose 0.94%, while the BSE Sensex 30 index climbed 0.86%.

The best performers of the session on the Nifty 50 were NTPC Ltd (NS:NTPC), which rose 4.72% or 10.40 points to trade at 230.70 at the close. Meanwhile, Oil And Natural Gas Corporation Ltd (NS:ONGC) added 4.36% or 7.60 points to end at 181.75 and JSW Steel Ltd (NS:JSTL) was up 3.51% or 27.35 points to 807.00 in late trade.

The worst performers of the session were Cipla Ltd. (NS:CIPL), which fell 0.97% or 12.20 points to trade at 1,245.40 at the close. HDFC Life Insurance Company Ltd (NS:HDFL) declined 0.53% or 3.40 points to end at 641.35 and Dr. Reddy’s Laboratories Ltd (NS:REDY) was down 0.52% or 29.30 points to 5,578.55.

The top performers on the BSE Sensex 30 were NTPC Ltd (BO:NTPC) which rose 4.84% to 230.60, Tata Steel Ltd (BO:TISC) which was up 3.33% to settle at 127.10 and Maruti Suzuki India Ltd. (BO:MRTI) which gained 3.24% to close at 10,331.80.

The worst performers were Dr. Reddy’s Laboratories Ltd (BO:REDY) which was down 0.67% to 5,578.20 in late trade, UltraTech Cement Ltd (BO:ULTC) which lost 0.50% to settle at 8,273.20 and Sun Pharmaceutical Industries Ltd. (BO:SUN) which was down 0.34% to 1,108.50 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1231 to 795 and 56 ended unchanged; on the Bombay Stock Exchange, 2064 rose and 1457 declined, while 121 ended unchanged.

Shares in NTPC Ltd (NS:NTPC) rose to all time highs; gaining 4.72% or 10.40 to 230.70. Shares in Oil And Natural Gas Corporation Ltd (NS:ONGC) rose to 52-week highs; rising 4.36% or 7.60 to 181.75. Shares in NTPC Ltd (BO:NTPC) rose to 5-year highs; up 4.84% or 10.65 to 230.60. Shares in Tata Steel Ltd (BO:TISC) rose to 52-week highs; rising 3.33% or 4.10 to 127.10. Shares in Maruti Suzuki India Ltd. (BO:MRTI) rose to all time highs; up 3.24% or 324.70 to 10,331.80.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 5.78% to 11.36.

Gold Futures for December delivery was up 0.23% or 4.45 to $1,970.35 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in October rose 1.23% or 1.03 to hit $84.66 a barrel, while the November Brent oil contract rose 1.22% or 1.06 to trade at $87.89 a barrel.

USD/INR was down 0.04% to 82.72, while EUR/INR rose 0.10% to 89.71.

The US Dollar Index Futures was down 0.04% at 103.55.

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