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India stocks higher at close of trade; Nifty 50 up 1.54%

Published 08/05/2016, 06:45 AM
India stocks higher at close of trade; Nifty 50 up 1.54%
WIT
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NSEI
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NIFVIX
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BRTI
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GRAS
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HROM
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HALC
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PGRD
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VDAN
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SUN
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BSEMET
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Investing.com – India stocks were higher after the close on Friday, as gains in the Auto, Oil & Gas and Metals sectors led shares higher.

At the close in NSE, the Nifty 50 gained 1.54% to hit a new 52-week high, while the BSE Sensex 30 index climbed 1.31%.

The best performers of the session on the Nifty 50 were Grasim Industries Ltd. (NS:GRAS), which rose 5.40% or 269.95 points to trade at 5265.45 at the close. Meanwhile, Hero MotoCorp Limited (NS:HROM) added 5.12% or 167.65 points to end at 3443.95 and Hindalco Industries Ltd. (NS:HALC) was up 4.81% or 6.60 points to 143.70 in late trade.

The worst performers of the session were Tech Mahindra Limited (NS:TEML), which fell 0.98% or 4.90 points to trade at 495.05 at the close. POWER GRID CORPORATION OF INDIA (NS:PGRD) declined 0.95% or 1.70 points to end at 176.50 and Bharti Infratel Limited (NS:BHRI) was down 0.87% or 3.400 points to 389.250.

The top performers on the BSE Sensex 30 were Hero MotoCorp Limited (BO:HROM) which rose 5.02% to 3434.30, Hindalco Industries Ltd. (BO:HALC) which was up 4.93% to settle at 143.80 and Vedanta Ltd (BO:VDAN) which gained 4.48% to close at 169.05.

The worst performers were Sun Pharmaceutical Industries Ltd. (BO:SUN) which was down 0.79% to 842.35 in late trade, Wipro Ltd. (BO:WIPR) which lost 0.65% to settle at 544.85 and Bharti Airtel Ltd (BO:BRTI) which was down 0.56% to 363.20 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1108 to 351 and 72 ended unchanged; on the Bombay Stock Exchange, 1182 rose and 441 declined, while 64 ended unchanged.

Shares in Grasim Industries Ltd. (NS:GRAS) rose to all time highs; rising 5.40% or 269.95 to 5265.45. Shares in Hero MotoCorp Limited (NS:HROM) rose to all time highs; up 5.12% or 167.65 to 3443.95. Shares in Hindalco Industries Ltd. (NS:HALC) rose to 52-week highs; gaining 4.81% or 6.60 to 143.70. Shares in Hero MotoCorp Limited (BO:HROM) rose to all time highs; up 5.02% or 164.20 to 3434.30. Shares in Hindalco Industries Ltd. (BO:HALC) rose to 52-week highs; gaining 4.93% or 6.75 to 143.80.

The India Vix, which measures the implied volatility of Nifty 50 options, was down 5.20% to 14.3525 a new 6-months low.

Gold for December delivery was up 0.03% or 0.35 to $1367.75 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September fell 0.83% or 0.35 to hit $41.58 a barrel, while the October Brent oil contract fell 0.95% or 0.42 to trade at $43.87 a barrel.

USD/INR was down 0.08% to 66.785, while EUR/INR rose 0.06% to 74.4380.

The US Dollar Index was down 0.16% at 95.60.

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