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India stocks higher at close of trade; Nifty 50 up 0.95%

Published 12/04/2020, 05:45 AM
India stocks higher at close of trade; Nifty 50 up 0.95%
NSEI
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NIFVIX
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BJFS
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HCLT
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HALC
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ICBK
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APSE
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RELI
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SUN
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ULTC
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INUS
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BSESN
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BSECD
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BSESCGIP
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BSEBANK
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HDFL
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Investing.com – India stocks were higher after the close on Friday, as gains in the Banking, Consumer Durables and Fast Moving Consumer Goods sectors led shares higher.

At the close in NSE, the Nifty 50 gained 0.95% to hit a new all time high, while the BSE Sensex 30 index gained 1.00%.

The best performers of the session on the Nifty 50 were Adani Port and Special Economic Zone Ltd (NS:APSE), which rose 4.86% or 21.20 points to trade at 457.00 at the close. Meanwhile, ICICI Bank Ltd (NS:ICBK) added 4.49% or 21.65 points to end at 503.50 and Hindalco Industries Ltd. (NS:HALC) was up 4.34% or 10.50 points to 252.50 in late trade.

The worst performers of the session were Bharti Infratel Ltd (NS:BHRI), which fell 1.46% or 3.50 points to trade at 236.05 at the close. Reliance Industries Ltd (NS:RELI) declined 0.83% or 16.35 points to end at 1947.70 and HDFC Life Insurance Company Ltd (NS:HDFL) was down 0.73% or 4.70 points to 643.25.

The top performers on the BSE Sensex 30 were ICICI Bank Ltd (BO:ICBK) which rose 4.38% to 503.00, UltraTech Cement Ltd (BO:ULTC) which was up 4.10% to settle at 5092.90 and Sun Pharmaceutical Industries Ltd. (BO:SUN) which gained 3.64% to close at 568.00.

The worst performers were Reliance Industries Ltd (BO:RELI) which was down 0.86% to 1946.55 in late trade, Bajaj Finserv Ltd (BO:BJFS) which lost 0.74% to settle at 9045.00 and HCL Technologies Ltd (BO:HCLT) which was down 0.34% to 858.80 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 909 to 724 and 75 ended unchanged; on the Bombay Stock Exchange, 1571 rose and 1209 declined, while 171 ended unchanged.

Shares in Adani Port and Special Economic Zone Ltd (NS:APSE) rose to all time highs; rising 4.86% or 21.20 to 457.00. Shares in Hindalco Industries Ltd. (NS:HALC) rose to 52-week highs; up 4.34% or 10.50 to 252.50. Shares in UltraTech Cement Ltd (BO:ULTC) rose to all time highs; up 4.10% or 200.65 to 5092.90. Shares in Sun Pharmaceutical Industries Ltd. (BO:SUN) rose to 52-week highs; up 3.64% or 19.95 to 568.00.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 5.12% to 18.0275 a new 6-months low.

Gold Futures for February delivery was up 0.08% or 1.50 to $1842.60 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January rose 1.23% or 0.56 to hit $46.20 a barrel, while the February Brent oil contract rose 1.23% or 0.60 to trade at $49.31 a barrel.

USD/INR was down 0.20% to 73.712, while EUR/INR rose 0.05% to 89.7215.

The US Dollar Index Futures was down 0.14% at 90.595.

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