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India stocks higher at close of trade; Nifty 50 up 1.71%

Published 12/08/2021, 05:45 AM
© Reuters.  India stocks higher at close of trade; Nifty 50 up 1.71%
NSEI
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Investing.com – India stocks were higher after the close on Wednesday, as gains in the Auto, Technology and IT sectors led shares higher.

At the close in NSE, the Nifty 50 rose 1.71%, while the BSE Sensex 30 index added 1.76%.

The best performers of the session on the Nifty 50 were Bajaj Finance Ltd (NS:BJFN), which rose 3.64% or 258.35 points to trade at 7361.50 at the close. Meanwhile, Maruti Suzuki India Ltd. (NS:MRTI) added 3.46% or 248.30 points to end at 7434.90 and Hindalco Industries Ltd. (NS:HALC) was up 3.38% or 14.95 points to 457.45 in late trade.

The worst performers of the session were HDFC Life Insurance Company Ltd (NS:HDFL), which fell 1.15% or 8.00 points to trade at 686.40 at the close. Kotak Mahindra Bank Ltd. (NS:KTKM) declined 0.86% or 16.70 points to end at 1920.45 and Divi's Laboratories Ltd. (NS:DIVI) was down 0.43% or 19.85 points to 4604.95.

The top performers on the BSE Sensex 30 were Bajaj Finance Ltd (BO:BJFN) which rose 3.67% to 7363.45, Maruti Suzuki India Ltd. (BO:MRTI) which was up 3.48% to settle at 7437.25 and State Bank Of India (BO:SBI) which gained 3.11% to close at 491.45.

The worst performers were Kotak Mahindra Bank Ltd. (BO:KTKM) which was down 0.85% to 1921.60 in late trade, Power Grid Corporation of India Ltd (BO:PGRD) which lost 0.49% to settle at 204.85 and Nestle India Ltd (BO:NEST) which was up 0.44% to 19422.05 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1339 to 444 and 31 ended unchanged; on the Bombay Stock Exchange, 2255 rose and 938 declined, while 126 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 6.47% to 17.2650.

Gold Futures for February delivery was up 0.48% or 8.55 to $1793.25 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January fell 0.72% or 0.52 to hit $71.53 a barrel, while the February Brent oil contract fell 0.45% or 0.34 to trade at $75.10 a barrel.

USD/INR was up 0.11% to 75.472, while EUR/INR rose 0.35% to 85.2345.

The US Dollar Index Futures was down 0.19% at 96.183.

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