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India stocks higher at close of trade; Nifty 50 up 3.69%

Published 05/20/2019, 06:45 AM
© Reuters.  India stocks higher at close of trade; Nifty 50 up 3.69%
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Investing.com – India stocks were higher after the close on Monday, as gains in the Capital Goods, Real Estate and Public Sector Undertakings sectors led shares higher.

At the close in NSE, the Nifty 50 added 3.69% to hit a new all time high, while the BSE Sensex 30 index climbed 3.75%.

The best performers of the session on the Nifty 50 were Indiabulls Housing Finance Ltd (NS:INBF), which rose 10.62% or 76.80 points to trade at 814.55 at the close. Meanwhile, Adani Port and Special Economic Zone Ltd (NS:APSE) added 10.99% or 40.35 points to end at 400.10 and IndusInd Bank Ltd. (NS:INBK) was up 8.77% or 120.45 points to 1494.65 in late trade.

The worst performers of the session were Dr. Reddy’s Laboratories Ltd (NS:REDY), which fell 5.50% or 151.00 points to trade at 2589.40 at the close. Zee Entertainment Enterprises Ltd. (NS:ZEE) declined 3.00% or 11.15 points to end at 362.50 and Bajaj Auto Ltd (NS:BAJA) was down 0.82% or 25.05 points to 3006.30.

The top performers on the BSE Sensex 30 were IndusInd Bank Ltd. (BO:INBK) which rose 8.64% to 1492.60, State Bank Of India (BO:SBI) which was up 8.04% to settle at 344.60 and Tata Motors Ltd (BO:TAMO) which gained 7.53% to close at 190.00.

The worst performers were Bajaj Auto Ltd (BO:BAJA) which was down 1.18% to 3005.85 in late trade, Infosys Ltd (BO:INFY) which lost 0.19% to settle at 722.40 and Coal India Ltd (BO:COAL) which was up 0.78% to 238.25 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1370 to 232 and 49 ended unchanged; on the Bombay Stock Exchange, 1957 rose and 595 declined, while 156 ended unchanged.

Shares in Adani Port and Special Economic Zone Ltd (NS:APSE) rose to 52-week highs; gaining 10.99% or 40.35 to 400.10. Shares in State Bank Of India (BO:SBI) rose to 5-year highs; gaining 8.04% or 25.65 to 344.60.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 15.67% to 23.6750.

Gold Futures for June delivery was down 0.03% or 0.35 to $1275.35 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July rose 0.22% or 0.14 to hit $63.06 a barrel, while the July Brent oil contract rose 0.40% or 0.29 to trade at $72.50 a barrel.

USD/INR was down 0.92% to 69.698, while EUR/INR fell 0.83% to 77.7545.

The US Dollar Index Futures was down 0.01% at 97.810.

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