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India stocks higher at close of trade; Nifty 50 up 0.84%

Published 05/05/2021, 06:45 AM
Updated 05/05/2021, 06:45 AM
© Reuters India stocks higher at close of trade; Nifty 50 up 0.84%

© Reuters India stocks higher at close of trade; Nifty 50 up 0.84%

Investing.com – India stocks were higher after the close on Wednesday, as gains in the Healthcare, Banking and Green Energy sectors led shares higher.

At the close in NSE, the Nifty 50 gained 0.84%, while the BSE Sensex 30 index added 0.88%.

The best performers of the session on the Nifty 50 were Sun Pharmaceutical Industries Ltd. (NS:SUN), which rose 5.93% or 38.25 points to trade at 683.40 at the close. Meanwhile, UPL Ltd (NS:UPLL) added 4.82% or 29.45 points to end at 640.70 and AXIS Bank Ltd (NS:AXBK) was up 2.41% or 16.85 points to 717.20 in late trade.

The worst performers of the session were Adani Port and Special Economic Zone Ltd (NS:APSE), which fell 3.99% or 30.65 points to trade at 738.10 at the close. Bajaj Finance Ltd (NS:BJFN) declined 1.79% or 100.60 points to end at 5515.15 and SBI Life Insurance Company Ltd (NS:SBIL) was down 1.00% or 9.80 points to 973.10.

The top performers on the BSE Sensex 30 were Sun Pharmaceutical Industries Ltd. (BO:SUN) which rose 5.94% to 683.30, Kotak Mahindra Bank Ltd. (BO:KTKM) which was up 2.42% to settle at 1774.10 and AXIS Bank Ltd. (BO:AXBK) which gained 2.41% to close at 717.15.

The worst performers were Bajaj Finance Ltd (BO:BJFN) which was down 1.75% to 5517.00 in late trade, Asian Paints Ltd. (BO:ASPN) which lost 0.79% to settle at 2567.65 and Hindustan Unilever Ltd. (BO:HLL) which was down 0.57% to 2394.90 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1040 to 590 and 84 ended unchanged; on the Bombay Stock Exchange, 1763 rose and 1073 declined, while 154 ended unchanged.

Shares in Sun Pharmaceutical Industries Ltd. (NS:SUN) rose to 3-years highs; rising 5.93% or 38.25 to 683.40. Shares in Sun Pharmaceutical Industries Ltd. (BO:SUN) rose to 3-years highs; rising 5.94% or 38.30 to 683.30.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 4.55% to 21.9625.

Gold Futures for June delivery was up 0.02% or 0.35 to $1776.35 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June rose 1.10% or 0.72 to hit $66.41 a barrel, while the July Brent oil contract rose 1.07% or 0.74 to trade at $69.62 a barrel.

USD/INR was up 0.16% to 73.879, while EUR/INR rose 0.18% to 88.7660.

The US Dollar Index Futures was up 0.32% at 91.220.

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