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India stocks higher at close of trade; Nifty 50 up 0.05%

Published 03/07/2019, 05:45 AM
Updated 03/07/2019, 05:45 AM
© Reuters.  India stocks higher at close of trade; Nifty 50 up 0.05%

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

At the close in NSE, the Nifty 50 rose 0.05%, while the BSE Sensex 30 index climbed 0.24%.

The best performers of the session on the Nifty 50 were Larsen & Toubro Ltd (NS:LART), which rose 2.69% or 35.40 points to trade at 1352.40 at the close. Meanwhile, Mahindra & Mahindra Ltd. (NS:MAHM) added 1.96% or 12.90 points to end at 671.80 and AXIS Bank Ltd (NS:AXBK) was up 1.89% or 13.65 points to 733.75 in late trade.

The worst performers of the session were Coal India Ltd (NS:COAL), which fell 3.42% or 8.30 points to trade at 235.00 at the close. Wipro Ltd (NS:WIPR) declined 3.05% or 8.45 points to end at 268.85 and Indian Oil Corporation Ltd (NS:IOC) was down 3.45% or 5.35 points to 150.20.

The top performers on the BSE Sensex 30 were Larsen & Toubro Ltd (BO:LART) which rose 2.76% to 1351.25, AXIS Bank Ltd. (BO:AXBK) which was up 1.77% to settle at 732.20 and Mahindra & Mahindra Ltd. (BO:MAHM) which gained 1.71% to close at 670.85.

The worst performers were Coal India Ltd (BO:COAL) which was down 3.09% to 235.15 in late trade, Sun Pharmaceutical Industries Ltd. (BO:SUN) which lost 1.97% to settle at 450.90 and NTPC Ltd (BO:NTPC) which was down 1.68% to 146.10 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 832 to 754 and 59 ended unchanged; on the Bombay Stock Exchange, 1308 fell and 1258 advanced, while 152 ended unchanged.

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Shares in AXIS Bank Ltd (NS:AXBK) rose to all time highs; gaining 1.89% or 13.65 to 733.75. Shares in AXIS Bank Ltd. (BO:AXBK) rose to all time highs; gaining 1.77% or 12.70 to 732.20.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 2.03% to 15.2925 a new 1-month low.

Gold Futures for April delivery was down 0.06% or 0.75 to $1286.85 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April rose 0.78% or 0.44 to hit $56.66 a barrel, while the May Brent oil contract rose 1.06% or 0.70 to trade at $66.69 a barrel.

USD/INR was down 0.08% to 70.037, while EUR/INR rose 0.06% to 79.2620.

The US Dollar Index Futures was up 0.01% at 96.812.

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