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India stocks higher at close of trade; Nifty 50 up 1.64%

Published 05/23/2024, 06:30 AM
© Reuters.  India stocks higher at close of trade; Nifty 50 up 1.64%

Investing.com – India stocks were higher after the close on Thursday, as gains in the Auto, Capital Goods and Banking sectors led shares higher.

At the close in NSE, the Nifty 50 gained 1.64% to hit a new all time high, while the BSE Sensex 30 index climbed 1.61%.

The best performers of the session on the Nifty 50 were Adani Enterprises Ltd (NS:ADEL), which rose 8.22% or 258.05 points to trade at 3,399.00 at the close. Meanwhile, Adani Ports and Special Economic Zone Ltd (NS:APSE) added 4.85% or 66.80 points to end at 1,445.00 and Mahindra & Mahindra Ltd. (NS:MAHM) was up 3.55% or 89.45 points to 2,610.50 in late trade.

The worst performers of the session were Sun Pharmaceutical Industries Ltd. (NS:SUN), which fell 2.71% or 41.75 points to trade at 1,497.55 at the close. Power Grid Corporation of India Ltd (NS:PGRD) declined 2.07% or 6.75 points to end at 319.00 and Hindalco Industries Ltd. (NS:HALC) was down 1.25% or 8.55 points to 676.00.

The top performers on the BSE Sensex 30 were Mahindra & Mahindra Ltd. (BO:MAHM) which rose 3.51% to 2,608.95, Larsen & Toubro Ltd (BO:LART) which was up 3.38% to settle at 3,577.05 and Axis Bank Ltd. (BO:AXBK) which gained 3.05% to close at 1,162.15.

The worst performers were Sun Pharmaceutical Industries Ltd. (BO:SUN) which was down 2.76% to 1,497.80 in late trade, Power Grid Corporation of India Ltd (BO:PGRD) which lost 2.09% to settle at 319.00 and NTPC Ltd (BO:NTPC) which was down 0.32% to 372.70 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1208 to 985 and 52 ended unchanged; on the Bombay Stock Exchange, 1985 fell and 1703 advanced, while 109 ended unchanged.

Shares in Adani Enterprises Ltd (NS:ADEL) rose to 52-week highs; rising 8.22% or 258.05 to 3,399.00. Shares in Adani Ports and Special Economic Zone Ltd (NS:APSE) rose to all time highs; rising 4.85% or 66.80 to 1,445.00. Shares in Mahindra & Mahindra Ltd. (NS:MAHM) rose to all time highs; up 3.55% or 89.45 to 2,610.50. Shares in Mahindra & Mahindra Ltd. (BO:MAHM) rose to all time highs; up 3.51% or 88.35 to 2,608.95.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 0.41% to 21.38.

Gold Futures for June delivery was down 1.06% or 25.35 to $2,367.55 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July rose 0.86% or 0.67 to hit $78.24 a barrel, while the July Brent oil contract rose 0.83% or 0.68 to trade at $82.58 a barrel.

USD/INR was down 0.05% to 83.23, while EUR/INR rose 0.15% to 90.26.

The US Dollar Index Futures was down 0.16% at 104.67.

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