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India stocks higher at close of trade; Nifty 50 up 0.73%

Published 10/17/2022, 06:45 AM
© Reuters India stocks higher at close of trade; Nifty 50 up 0.73%

Investing.com – India stocks were higher after the close on Monday, as gains in the Power, Banking and Public Sector Undertakings sectors led shares higher.

At the close in NSE, the Nifty 50 gained 0.73%, while the BSE Sensex 30 index gained 0.85%.

The best performers of the session on the Nifty 50 were State Bank Of India (NS:SBI), which rose 3.19% or 16.80 points to trade at 544.00 at the close. Meanwhile, Bajaj Finserv Ltd (NS:BJFS) added 2.09% or 35.30 points to end at 1,723.60 and AXIS Bank Ltd (NS:AXBK) was up 2.00% or 16.00 points to 816.50 in late trade.

The worst performers of the session were Hindalco Industries Ltd. (NS:HALC), which fell 2.08% or 8.25 points to trade at 388.90 at the close. Larsen & Toubro Ltd (NS:LART) declined 1.42% or 27.20 points to end at 1,884.40 and JSW Steel Ltd (NS:JSTL) was down 1.30% or 8.30 points to 631.95.

The top performers on the BSE Sensex 30 were State Bank Of India (BO:SBI) which rose 3.20% to 543.90, NTPC Ltd (BO:NTPC) which was up 1.88% to settle at 168.10 and Bajaj Finserv Ltd (BO:BJFS) which gained 1.80% to close at 1,718.80.

The worst performers were Larsen & Toubro Ltd (BO:LART) which was down 1.45% to 1,883.80 in late trade, HCL Technologies Ltd (BO:HCLT) which lost 0.77% to settle at 994.75 and Wipro Ltd (BO:WIPR) which was down 0.60% to 375.05 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1049 to 797 and 69 ended unchanged; on the Bombay Stock Exchange, 1872 fell and 1505 advanced, while 157 ended unchanged.

Shares in Wipro Ltd (BO:WIPR) fell to 52-week lows; losing 0.60% or 2.25 to 375.05.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 0.88% to 18.42.

Gold Futures for December delivery was up 0.73% or 12.10 to $1,661.00 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in December rose 0.64% or 0.54 to hit $85.19 a barrel, while the December Brent oil contract rose 0.63% or 0.58 to trade at $92.21 a barrel.

USD/INR was down 0.02% to 82.32, while EUR/INR rose 0.30% to 80.26.

The US Dollar Index Futures was down 0.31% at 112.85.

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