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

Published 05/10/2021, 06:45 AM
Updated 05/10/2021, 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 Monday, as gains in the Metals, Public Sector Undertakings and Capital Goods sectors led shares higher.

At the close in NSE, the Nifty 50 gained 0.80% to hit a new 1-month high, while the BSE Sensex 30 index climbed 0.60%.

The best performers of the session on the Nifty 50 were Coal India Ltd (NS:COAL), which rose 7.45% or 10.20 points to trade at 147.05 at the close. Meanwhile, UPL Ltd (NS:UPLL) added 7.18% or 45.20 points to end at 674.60 and Hindalco Industries Ltd. (NS:HALC) was up 6.21% or 24.90 points to 426.00 in late trade.

The worst performers of the session were Shree Cements Ltd. (NS:SHCM), which fell 1.90% or 530.05 points to trade at 27309.95 at the close. Britannia Industries Ltd (NS:BRIT) declined 1.37% or 47.45 points to end at 3413.80 and UltraTech Cement Ltd (NS:ULTC) was down 1.22% or 78.80 points to 6403.10.

The top performers on the BSE Sensex 30 were Larsen & Toubro Ltd (BO:LART) which rose 3.89% to 1395.10, Dr. Reddy’s Laboratories Ltd (BO:REDY) which was up 3.01% to settle at 5329.10 and Sun Pharmaceutical Industries Ltd. (BO:SUN) which gained 2.74% to close at 698.15.

The worst performers were UltraTech Cement Ltd (BO:ULTC) which was down 1.22% to 6405.75 in late trade, Infosys Ltd (BO:INFY) which lost 0.95% to settle at 1339.50 and Reliance Industries Ltd (BO:RELI) which was down 0.29% to 1925.70 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1159 to 532 and 64 ended unchanged; on the Bombay Stock Exchange, 1969 rose and 1005 declined, while 209 ended unchanged.

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Shares in UPL Ltd (NS:UPLL) rose to 52-week highs; up 7.18% or 45.20 to 674.60. Shares in Hindalco Industries Ltd. (NS:HALC) rose to all time highs; up 6.21% or 24.90 to 426.00. Shares in Sun Pharmaceutical Industries Ltd. (BO:SUN) rose to 3-years highs; rising 2.74% or 18.65 to 698.15.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 2.87% to 20.2250.

Gold Futures for June delivery was up 0.44% or 8.05 to $1839.35 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June rose 0.51% or 0.33 to hit $65.23 a barrel, while the July Brent oil contract rose 0.63% or 0.43 to trade at $68.71 a barrel.

USD/INR was up 0.06% to 73.296, while EUR/INR rose 0.19% to 89.2120.

The US Dollar Index Futures was down 0.12% at 90.112.

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