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India stocks higher at close of trade; Nifty 50 up 1.14%

Published 06/30/2023, 06:45 AM
© Reuters India stocks higher at close of trade; Nifty 50 up 1.14%

Investing.com – India stocks were higher after the close on Friday, as gains in the IT, Technology and Auto sectors led shares higher.

At the close in NSE, the Nifty 50 gained 1.14% to hit a new all time high, while the BSE Sensex 30 index added 1.26%.

The best performers of the session on the Nifty 50 were Mahindra & Mahindra Ltd. (NS:MAHM), which rose 4.20% or 58.60 points to trade at 1,453.60 at the close. Meanwhile, Infosys Ltd (NS:INFY) added 3.26% or 42.15 points to end at 1,335.50 and IndusInd Bank Ltd. (NS:INBK) was up 3.04% or 40.60 points to 1,374.65 in late trade.

The worst performers of the session were Adani Ports and Special Economic Zone Ltd (NS:APSE), which fell 2.28% or 17.25 points to trade at 739.25 at the close. Apollo Hospitals Enterprises Ltd. (NS:APLH) declined 0.56% or 28.70 points to end at 5,098.20 and Grasim Industries Ltd (NS:GRAS) was down 0.53% or 9.30 points to 1,733.80.

The top performers on the BSE Sensex 30 were Mahindra & Mahindra Ltd. (BO:MAHM) which rose 4.14% to 1,453.75, Infosys Ltd (BO:INFY) which was up 3.21% to settle at 1,335.20 and IndusInd Bank Ltd. (BO:INBK) which gained 3.08% to close at 1,375.05.

The worst performers were ICICI Bank Ltd (BO:ICBK) which was down 0.33% to 934.35 in late trade, NTPC Ltd (BO:NTPC) which lost 0.11% to settle at 189.15 and UltraTech Cement Ltd (BO:ULTC) which was up 0.33% to 8,292.85 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1097 to 854 and 62 ended unchanged; on the Bombay Stock Exchange, 1848 rose and 1540 declined, while 132 ended unchanged.

Shares in Mahindra & Mahindra Ltd. (NS:MAHM) rose to all time highs; gaining 4.20% or 58.60 to 1,453.60. Shares in IndusInd Bank Ltd. (NS:INBK) rose to 3-years highs; up 3.04% or 40.60 to 1,374.65. Shares in Mahindra & Mahindra Ltd. (BO:MAHM) rose to all time highs; gaining 4.14% or 57.75 to 1,453.75. Shares in IndusInd Bank Ltd. (BO:INBK) rose to 3-years highs; rising 3.08% or 41.05 to 1,375.05.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 0.80% to 10.80.

Gold Futures for August delivery was down 0.24% or 4.65 to $1,913.25 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August rose 0.03% or 0.02 to hit $69.88 a barrel, while the September Brent oil contract rose 0.13% or 0.10 to trade at $74.61 a barrel.

USD/INR was down 0.01% to 82.06, while EUR/INR fell 0.20% to 89.02.

The US Dollar Index Futures was up 0.10% at 103.11.

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