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India stocks higher at close of trade; Nifty 50 up 0.50%

Published 01/23/2017, 05:45 AM
Updated 01/23/2017, 05:45 AM
© Reuters.  India stocks higher at close of trade; Nifty 50 up 0.50%

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

At the close in NSE, the Nifty 50 rose 0.50%, while the BSE Sensex 30 index climbed 0.31%.

The best performers of the session on the Nifty 50 were Hindalco Industries Ltd. (NS:HALC), which rose 6.06% or 10.40 points to trade at 182.05 at the close. Meanwhile, Zee Entertainment Enterprises Ltd. (NS:ZEE) added 3.61% or 16.85 points to end at 484.00 and Idea Cellular Ltd (NS:IDEA) was up 2.80% or 2.00 points to 73.50 in late trade.

The worst performers of the session were ICICI Bank Ltd . (NS:ICBK), which fell 2.32% or 6.10 points to trade at 257.35 at the close. Bharti Infratel Limited (NS:BHRI) declined 1.57% or 5.550 points to end at 347.650 and Larsen & Toubro Limited (NS:LART) was down 1.54% or 21.75 points to 1393.00.

The top performers on the BSE Sensex 30 were Gail (India) Ltd. (BO:GAIL) which rose 2.41% to 470.95, Housing Development Finance Corp. (BO:HDFC) which was up 1.77% to settle at 1258.75 and Tata Motors Ltd. (BO:TAMO) which gained 1.72% to close at 532.15.

The worst performers were ICICI Bank Ltd. (BO:ICBK) which was down 2.26% to 257.45 in late trade, Larsen & Toubro Limited (BO:LART) which lost 1.49% to settle at 1393.50 and AXIS Bank Ltd. (BO:AXBK) which was down 1.20% to 445.10 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 931 to 561 and 73 ended unchanged; on the Bombay Stock Exchange, 1591 rose and 1097 declined, while 165 ended unchanged.

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Shares in Gail (India) Ltd. (BO:GAIL) rose to 52-week highs; up 2.41% or 11.10 to 470.95.

The India Vix, which measures the implied volatility of Nifty 50 options, was up 0.73% to 15.9050.

Gold for February delivery was up 0.74% or 8.95 to $1213.85 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March fell 1.39% or 0.74 to hit $52.48 a barrel, while the March Brent oil contract fell 1.12% or 0.62 to trade at $54.87 a barrel.

USD/INR was up 0.05% to 68.135, while EUR/INR rose 0.47% to 73.1925.

The US Dollar Index was down 0.49% at 100.28.

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