India stocks higher at close of trade; Nifty 50 up 0.56%

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

At the close in NSE, the Nifty 50 gained 0.56% to hit a new 1-month high, while the BSE Sensex 30 index climbed 0.52%.

The best performers of the session on the Nifty 50 were Kotak Mahindra Bank Ltd. (NS:KTKM), which rose 4.96% or 87.20 points to trade at 1,846.50 at the close. Meanwhile, JSW Steel Ltd (NS:JSTL) added 3.65% or 25.10 points to end at 713.60 and Bajaj Auto Ltd (NS:BAJA) was up 2.85% or 115.80 points to 4,177.40 in late trade.

The worst performers of the session were Tata Consultancy Services Ltd. (NS:TCS), which fell 1.52% or 49.60 points to trade at 3,213.80 at the close. Infosys Ltd (NS:INFY) declined 1.50% or 21.45 points to end at 1,406.15 and HCL Technologies Ltd (NS:HCLT) was down 1.46% or 16.10 points to 1,087.00.

The top performers on the BSE Sensex 30 were Kotak Mahindra Bank Ltd. (BO:KTKM) which rose 5.04% to 1,847.60, Tata Steel Ltd (BO:TISC) which was up 2.43% to settle at 107.50 and ITC Ltd (BO:ITC) which gained 1.90% to close at 396.10.

The worst performers were Tata Consultancy Services Ltd. (BO:TCS) which was down 1.50% to 3,214.25 in late trade, Infosys Ltd (BO:INFY) which lost 1.42% to settle at 1,407.05 and HCL Technologies Ltd (BO:HCLT) which was down 1.41% to 1,087.50 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1207 to 733 and 44 ended unchanged; on the Bombay Stock Exchange, 2143 rose and 1278 declined, while 105 ended unchanged.

Shares in Bajaj Auto Ltd (NS:BAJA) rose to 52-week highs; gaining 2.85% or 115.80 to 4,177.40. Shares in ITC Ltd (BO:ITC) rose to all time highs; rising 1.90% or 7.40 to 396.10.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 2.42% to 11.98.

Gold Futures for June delivery was up 0.74% or 14.80 to $2,018.60 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May fell 0.30% or 0.24 to hit $79.50 a barrel, while the June Brent oil contract fell 0.34% or 0.29 to trade at $83.89 a barrel.

USD/INR was up 0.16% to 82.11, while EUR/INR rose 0.71% to 89.64.

The US Dollar Index Futures was down 0.47% at 101.76.