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India stocks higher at close of trade; Nifty 50 up 0.69%

Published 10/16/2018, 06:45 AM
Updated 10/16/2018, 06:45 AM
© Reuters.  India stocks higher at close of trade; Nifty 50 up 0.69%

Investing.com – India stocks were higher after the close on Tuesday, as gains in the Oil & Gas, Real Estate and Public Sector Undertakings sectors led shares higher.

At the close in NSE, the Nifty 50 added 0.69%, while the BSE Sensex 30 index added 0.85%.

The best performers of the session on the Nifty 50 were Mahindra & Mahindra Ltd. (NS:MAHM), which rose 4.01% or 30.00 points to trade at 777.70 at the close. Meanwhile, Adani Port and Special Economic Zone Ltd (NS:APSE) added 4.00% or 12.85 points to end at 333.35 and Tech Mahindra Ltd (NS:TEML) was up 2.94% or 20.45 points to 718.70 in late trade.

The worst performers of the session were Indiabulls Housing Finance Ltd (NS:INBF), which fell 5.15% or 48.90 points to trade at 907.35 at the close. Eicher Motors Ltd. (NS:EICH) declined 1.34% or 314.50 points to end at 23002.15 and Cipla Ltd. (NS:CIPL) was down 1.21% or 7.85 points to 639.75.

The top performers on the BSE Sensex 30 were Mahindra & Mahindra Ltd. (BO:MAHM) which rose 3.97% to 778.30, Adani Port and Special Economic Zone Ltd (BO:APSE) which was up 3.54% to settle at 333.00 and Oil And Natural Gas Corporation Ltd (BO:ONGC) which gained 3.44% to close at 165.50.

The worst performers were HDFC Bank Ltd (BO:HDBK) which was down 0.77% to 1992.40 in late trade, Bajaj Auto Ltd (BO:BAJA) which lost 0.54% to settle at 2611.15 and Maruti Suzuki India Ltd. (BO:MRTI) which was down 0.45% to 7149.95 at the close.

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Rising stocks outnumbered declining ones on the India National Stock Exchange by 1183 to 419 and 54 ended unchanged; on the Bombay Stock Exchange, 1711 rose and 835 declined, while 156 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 8.01% to 17.3725.

Gold Futures for December delivery was up 0.20% or 2.50 to $1232.80 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November fell 0.82% or 0.59 to hit $71.19 a barrel, while the December Brent oil contract fell 0.85% or 0.69 to trade at $80.09 a barrel.

USD/INR was down 0.14% to 73.615, while EUR/INR fell 0.15% to 85.2925.

The US Dollar Index Futures was down 0.06% at 94.71.

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