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India stocks higher at close of trade; Nifty 50 up 0.80%

Published 05/24/2018, 06:45 AM
Updated 05/24/2018, 06:45 AM
© Reuters.  India stocks higher at close of trade; Nifty 50 up 0.80%

Investing.com – India stocks were higher after the close on Thursday, as gains in the IT, Technology and Banking sectors led shares higher.

At the close in NSE, the Nifty 50 added 0.80%, while the BSE Sensex 30 index added 0.93%.

The best performers of the session on the Nifty 50 were Bharti Airtel Ltd. (NS:BRTI), which rose 4.34% or 15.50 points to trade at 371.90 at the close. Meanwhile, Tata Consultancy Services Ltd. (NS:TCS) added 3.31% or 115.65 points to end at 3603.70 and Infosys Ltd (NS:INFY) was up 2.96% or 35.10 points to 1221.00 in late trade.

The worst performers of the session were Tata Motors Ltd (NS:TAMO), which fell 6.33% or 19.60 points to trade at 288.65 at the close. Oil And Natural Gas Corporation Ltd (NS:ONGC) declined 4.39% or 7.70 points to end at 167.70 and GAIL Ltd (NS:GAIL) was down 5.45% or 17.60 points to 309.50.

The top performers on the BSE Sensex 30 were Bharti Airtel Ltd (BO:BRTI) which rose 4.11% to 371.45, Infosys Ltd (BO:INFY) which was up 3.09% to settle at 1221.85 and Tata Consultancy Services Ltd. (BO:TCS) which gained 3.08% to close at 3604.80.

The worst performers were Tata Motors Ltd (BO:TAMO) which was down 6.56% to 288.95 in late trade, Oil And Natural Gas Corporation Ltd (BO:ONGC) which lost 4.50% to settle at 167.65 and Tata Motors Ltd DVR (BO:TAMdv) which was down 4.40% to 168.30 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 834 to 754 and 45 ended unchanged; on the Bombay Stock Exchange, 1324 fell and 1229 advanced, while 129 ended unchanged.

Shares in Tata Motors Ltd (NS:TAMO) fell to 52-week lows; down 6.33% or 19.60 to 288.65. Shares in Tata Consultancy Services Ltd. (NS:TCS) rose to all time highs; up 3.31% or 115.65 to 3603.70. Shares in Infosys Ltd (NS:INFY) rose to 52-week highs; up 2.96% or 35.10 to 1221.00. Shares in Tata Motors Ltd (BO:TAMO) fell to 52-week lows; losing 6.56% or 20.30 to 288.95. Shares in Infosys Ltd (BO:INFY) rose to 52-week highs; gaining 3.09% or 36.60 to 1221.85. Shares in Tata Consultancy Services Ltd. (BO:TCS) rose to all time highs; gaining 3.08% or 107.75 to 3604.80. Shares in Tata Motors Ltd DVR (BO:TAMdv) fell to 3-years lows; losing 4.40% or 7.75 to 168.30.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 7.15% to 13.1450.

Gold Futures for June delivery was up 0.45% or 5.80 to $1295.40 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July fell 0.63% or 0.45 to hit $71.39 a barrel, while the July Brent oil contract fell 0.74% or 0.59 to trade at $79.21 a barrel.

USD/INR was up 0.10% to 68.355, while EUR/INR rose 0.14% to 80.0917.

The US Dollar Index Futures was down 0.17% at 93.75.

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