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India stocks higher at close of trade; Nifty 50 up 1.20%

Published 04/01/2021, 06:45 AM
Updated 04/01/2021, 06:45 AM
© Reuters.  India stocks higher at close of trade; Nifty 50 up 1.20%

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

At the close in NSE, the Nifty 50 gained 1.20%, while the BSE Sensex 30 index gained 1.05%.

The best performers of the session on the Nifty 50 were JSW Steel Ltd (NS:JSTL), which rose 8.60% or 40.30 points to trade at 508.75 at the close. Meanwhile, Hindalco Industries Ltd. (NS:HALC) added 6.56% or 21.45 points to end at 348.30 and Tata Steel Ltd (NS:TISC) was up 6.31% or 51.20 points to 863.05 in late trade.

The worst performers of the session were Hindustan Unilever Ltd. (NS:HLL), which fell 1.34% or 32.50 points to trade at 2399.00 at the close. Nestle India Ltd (NS:NEST) declined 0.67% or 114.20 points to end at 17051.00 and HDFC Life Insurance Company Ltd (NS:HDFL) was down 0.55% or 3.80 points to 692.40.

The top performers on the BSE Sensex 30 were IndusInd Bank Ltd. (BO:INBK) which rose 4.12% to 993.35, Kotak Mahindra Bank Ltd. (BO:KTKM) which was up 2.88% to settle at 1804.45 and UltraTech Cement Ltd (BO:ULTC) which gained 2.39% to close at 6898.45.

The worst performers were Hindustan Unilever Ltd. (BO:HLL) which was down 1.29% to 2399.45 in late trade, HDFC Bank Ltd (BO:HDBK) which lost 0.47% to settle at 1486.50 and Nestle India Ltd (BO:NEST) which was down 0.40% to 17102.15 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1384 to 284 and 44 ended unchanged; on the Bombay Stock Exchange, 2062 rose and 719 declined, while 144 ended unchanged.

Shares in JSW Steel Ltd (NS:JSTL) rose to all time highs; rising 8.60% or 40.30 to 508.75. Shares in Tata Steel Ltd (NS:TISC) rose to all time highs; rising 6.31% or 51.20 to 863.05.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 3.18% to 19.9875 a new 1-month low.

Gold Futures for June delivery was down 0.00% or 0.05 to $1715.55 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May rose 1.77% or 1.05 to hit $60.21 a barrel, while the June Brent oil contract rose 1.56% or 0.98 to trade at $63.72 a barrel.

USD/INR was up 0.41% to 73.436, while EUR/INR rose 0.54% to 86.2400.

The US Dollar Index Futures was down 0.04% at 93.200.

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