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

Published 05/31/2021, 06:45 AM
© Reuters.  India stocks higher at close of trade; Nifty 50 up 0.95%
NSEI
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NIFVIX
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BRTI
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GAIL
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ICBK
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INFY
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Investing.com – India stocks were higher after the close on Monday, as gains in the Metals, Oil & Gas and Real Estate sectors led shares higher.

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

The best performers of the session on the Nifty 50 were GAIL Ltd (NS:GAIL), which rose 4.58% or 7.00 points to trade at 159.95 at the close. Meanwhile, Reliance Industries Ltd (NS:RELI) added 3.13% or 65.50 points to end at 2160.30 and ICICI Bank Ltd (NS:ICBK) was up 3.06% or 19.70 points to 662.75 in late trade.

The worst performers of the session were Mahindra & Mahindra Ltd. (NS:MAHM), which fell 4.48% or 37.90 points to trade at 807.95 at the close. Adani Port and Special Economic Zone Ltd (NS:APSE) declined 0.85% or 6.60 points to end at 769.55 and Infosys Ltd (NS:INFY) was down 0.80% or 11.30 points to 1393.75.

The top performers on the BSE Sensex 30 were Reliance Industries Ltd (BO:RELI) which rose 3.13% to 2160.45, ICICI Bank Ltd (BO:ICBK) which was up 2.95% to settle at 662.20 and Bharti Airtel Ltd (BO:BRTI) which gained 2.16% to close at 534.95.

The worst performers were Mahindra & Mahindra Ltd. (BO:MAHM) which was down 4.53% to 807.90 in late trade, Larsen & Toubro Ltd (BO:LART) which lost 0.79% to settle at 1465.55 and Infosys Ltd (BO:INFY) which was down 0.79% to 1393.65 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 930 to 799 and 45 ended unchanged; on the Bombay Stock Exchange, 1642 rose and 1451 declined, while 175 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 2.97% to 16.8850 a new 52-week low.

Gold Futures for August delivery was up 0.07% or 1.35 to $1906.65 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July rose 1.04% or 0.69 to hit $67.01 a barrel, while the August Brent oil contract rose 1.02% or 0.70 to trade at $69.42 a barrel.

USD/INR was up 0.18% to 72.532, while EUR/INR rose 0.22% to 88.4100.

The US Dollar Index Futures was up 0.07% at 90.055.

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