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India stocks higher at close of trade; Nifty 50 up 0.52%

Published 12/05/2016, 05:45 AM
Updated 12/05/2016, 05:45 AM
India stocks higher at close of trade; Nifty 50 up 0.52%

Investing.com – India stocks were higher after the close on Monday, as gains in the Auto, Metals and Fast Moving Consumer Goods sectors led shares higher.

At the close in NSE, the Nifty 50 added 0.52%, while the BSE Sensex 30 index gained 0.45%.

The best performers of the session on the Nifty 50 were Asian Paints Ltd. (NS:ASPN), which rose 3.80% or 34.40 points to trade at 939.25 at the close. Meanwhile, Hindalco Industries Ltd. (NS:HALC) added 3.73% or 6.30 points to end at 175.05 and Mahindra & Mahindra Ltd. (NS:MAHM) was up 3.30% or 37.85 points to 1183.40 in late trade.

The worst performers of the session were Tech Mahindra Limited (NS:TEML), which fell 2.46% or 11.65 points to trade at 461.75 at the close. Tata Consultancy Services Ltd. (NS:TCS) declined 1.50% or 33.35 points to end at 2188.50 and Housing Development Finance Corp. (NS:HDFC) was down 1.44% or 17.85 points to 1218.95.

The top performers on the BSE Sensex 30 were Asian Paints Ltd. (BO:ASPN) which rose 3.58% to 937.95, Mahindra & Mahindra Ltd. (BO:MAHM) which was up 3.29% to settle at 1181.45 and Lupin Ltd (BO:LUPN) which gained 3.22% to close at 1536.60.

The worst performers were Housing Development Finance Corp. (BO:HDFC) which was down 1.73% to 1218.55 in late trade, Tata Consultancy Services Ltd. (BO:TCS) which lost 1.68% to settle at 2186.45 and Gail (India) Ltd. (BO:GAIL) which was down 1.09% to 427.15 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 855 to 612 and 72 ended unchanged; on the Bombay Stock Exchange, 1501 rose and 1079 declined, while 137 ended unchanged.

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The India Vix, which measures the implied volatility of Nifty 50 options, was down 3.60% to 17.2875.

Gold for February delivery was down 0.98% or 11.55 to $1166.25 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January rose 0.93% or 0.48 to hit $52.16 a barrel, while the February Brent oil contract rose 1.16% or 0.63 to trade at $55.09 a barrel.

USD/INR was up 0.33% to 68.248, while EUR/INR rose 0.04% to 72.6428.

The US Dollar Index was up 0.23% at 100.98.

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