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India stocks higher at close of trade; Nifty 50 up 1.17%

Published 12/26/2022, 05:45 AM
© Reuters.  India stocks higher at close of trade; Nifty 50 up 1.17%

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

At the close in NSE, the Nifty 50 rose 1.17%, while the BSE Sensex 30 index gained 1.20%.

The best performers of the session on the Nifty 50 were IndusInd Bank Ltd. (NS:INBK), which rose 4.17% or 47.85 points to trade at 1,195.70 at the close. Meanwhile, State Bank Of India (NS:SBI) added 4.02% or 23.10 points to end at 597.10 and Hindalco Industries Ltd. (NS:HALC) was up 2.99% or 12.85 points to 442.40 in late trade.

The worst performers of the session were Cipla Ltd. (NS:CIPL), which fell 2.02% or 22.65 points to trade at 1,096.50 at the close. Divi's Laboratories Ltd. (NS:DIVI) declined 1.99% or 69.65 points to end at 3,428.80 and Dr. Reddy’s Laboratories Ltd (NS:REDY) was down 1.43% or 61.85 points to 4,248.60.

The top performers on the BSE Sensex 30 were IndusInd Bank Ltd. (BO:INBK) which rose 3.99% to 1,193.30, State Bank Of India (BO:SBI) which was up 3.97% to settle at 596.75 and Tata Steel Ltd (BO:TISC) which gained 2.74% to close at 105.00.

The worst performers were Dr. Reddy’s Laboratories Ltd (BO:REDY) which was down 1.49% to 4,247.55 in late trade, Nestle India Ltd (BO:NEST) which lost 1.24% to settle at 19,896.05 and Kotak Mahindra Bank Ltd. (BO:KTKM) which was down 0.45% to 1,811.70 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1703 to 258 and 33 ended unchanged; on the Bombay Stock Exchange, 2770 rose and 736 declined, while 131 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 1.41% to 15.93.

Gold Futures for February delivery was up 0.60% or 10.70 to $1,806.00 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February rose 2.40% or 1.86 to hit $79.35 a barrel, while the March Brent oil contract unchanged 0.00% or 0.00 to trade at $84.50 a barrel.

USD/INR was down 0.15% to 82.65, while EUR/INR fell 0.07% to 87.80.

The US Dollar Index Futures was down 0.08% at 104.04.

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