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India stocks higher at close of trade; Nifty 50 up 1.60%

Published 03/01/2021, 05:45 AM
Updated 03/01/2021, 05:45 AM
© Reuters.  India stocks higher at close of trade; Nifty 50 up 1.60%

© Reuters. India stocks higher at close of trade; Nifty 50 up 1.60%

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

At the close in NSE, the Nifty 50 added 1.60%, while the BSE Sensex 30 index gained 1.53%.

The best performers of the session on the Nifty 50 were Power Grid Corporation of India Ltd (NS:PGRD), which rose 6.04% or 12.95 points to trade at 227.25 at the close. Meanwhile, Grasim Industries Ltd (NS:GRAS) added 5.76% or 69.20 points to end at 1270.00 and Oil And Natural Gas Corporation Ltd (NS:ONGC) was up 5.45% or 6.05 points to 117.05 in late trade.

The worst performers of the session were Bharti Airtel Ltd. (NS:BRTI), which fell 4.33% or 24.10 points to trade at 532.20 at the close. Bajaj Finance Ltd (NS:BJFN) added 0.04% or 1.90 points to end at 5266.80 and Cipla Ltd. (NS:CIPL) was up 0.35% or 2.75 points to 789.80.

The top performers on the BSE Sensex 30 were Power Grid Corporation of India Ltd (BO:PGRD) which rose 5.94% to 227.55, Oil And Natural Gas Corporation Ltd (BO:ONGC) which was up 5.40% to settle at 117.15 and UltraTech Cement Ltd (BO:ULTC) which gained 4.30% to close at 6377.30.

The worst performers were Bharti Airtel Ltd (BO:BRTI) which was down 4.44% to 532.35 in late trade, Bajaj Auto Ltd (BO:BAJA) which gained 0.39% to settle at 3815.50 and IndusInd Bank Ltd. (BO:INBK) which was up 0.42% to 1067.75 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1140 to 554 and 60 ended unchanged; on the Bombay Stock Exchange, 1883 rose and 1072 declined, while 193 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 8.95% to 25.6250.

Gold Futures for April delivery was up 0.89% or 15.45 to $1744.25 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April rose 1.25% or 0.77 to hit $62.27 a barrel, while the May Brent oil contract rose 1.21% or 0.78 to trade at $65.20 a barrel.

USD/INR was down 0.59% to 73.487, while EUR/INR fell 0.75% to 88.5810.

The US Dollar Index Futures was up 0.14% at 91.007.

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