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India stocks higher at close of trade; Nifty 50 up 1.07%

Published 03/02/2021, 05:45 AM
© Reuters.  India stocks higher at close of trade; Nifty 50 up 1.07%
NSEI
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Investing.com – India stocks were higher after the close on Tuesday, as gains in the Auto, IT and Technology sectors led shares higher.

At the close in NSE, the Nifty 50 gained 1.07%, while the BSE Sensex 30 index gained 0.90%.

The best performers of the session on the Nifty 50 were Tata Motors Ltd (NS:TAMO), which rose 5.16% or 16.95 points to trade at 345.25 at the close. Meanwhile, Mahindra & Mahindra Ltd. (NS:MAHM) added 4.58% or 37.55 points to end at 857.00 and Wipro Ltd (NS:WIPR) was up 4.49% or 18.60 points to 433.00 in late trade.

The worst performers of the session were Oil And Natural Gas Corporation Ltd (NS:ONGC), which fell 2.56% or 3.00 points to trade at 114.05 at the close. Housing Development Finance Corporation Ltd (NS:HDFC) declined 1.19% or 31.00 points to end at 2575.00 and Dr. Reddy’s Laboratories Ltd (NS:REDY) was down 1.01% or 45.20 points to 4408.20.

The top performers on the BSE Sensex 30 were Mahindra & Mahindra Ltd. (BO:MAHM) which rose 4.76% to 858.05, NTPC Ltd (BO:NTPC) which was up 3.69% to settle at 112.45 and Bajaj Auto Ltd (BO:BAJA) which gained 3.53% to close at 3947.55.

The worst performers were Oil And Natural Gas Corporation Ltd (BO:ONGC) which was down 3.16% to 113.45 in late trade, Housing Development Finance Corporation Ltd (BO:HDFC) which lost 1.20% to settle at 2576.00 and Dr. Reddy’s Laboratories Ltd (BO:REDY) which was down 1.04% to 4407.00 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1035 to 615 and 67 ended unchanged; on the Bombay Stock Exchange, 1788 rose and 1099 declined, while 159 ended unchanged.

Shares in Tata Motors Ltd (NS:TAMO) rose to 52-week highs; gaining 5.16% or 16.95 to 345.25. Shares in NTPC Ltd (BO:NTPC) rose to 52-week highs; rising 3.69% or 4.00 to 112.45.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 7.88% to 23.6050.

Gold Futures for April delivery was up 0.28% or 4.85 to $1727.85 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April fell 0.07% or 0.04 to hit $60.60 a barrel, while the May Brent oil contract fell 0.27% or 0.17 to trade at $63.52 a barrel.

USD/INR was down 0.06% to 73.350, while EUR/INR fell 0.26% to 88.1880.

The US Dollar Index Futures was up 0.18% at 91.198.

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