India stocks higher at close of trade; Nifty 50 up 0.57%

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

At the close in NSE, the Nifty 50 rose 0.57% to hit a new all time high, while the BSE Sensex 30 index added 0.52%.

The best performers of the session on the Nifty 50 were Coal India Ltd (NS:COAL), which rose 4.20% or 15.35 points to trade at 380.95 at the close. Meanwhile, Mahindra&Mahindra Ltd. (NS:MAHM) added 2.75% or 46.50 points to end at 1,734.45 and Hero MotoCorp Ltd (NS:HROM) was up 2.68% or 108.95 points to 4,173.25 in late trade.

The worst performers of the session were Adani Enterprises Ltd (NS:ADEL), which fell 1.18% or 33.45 points to trade at 2,809.90 at the close. Adani Ports and Special Economic Zone Ltd (NS:APSE) declined 0.73% or 7.45 points to end at 1,016.95 and Larsen&Toubro Ltd (NS:LART) was down 0.73% or 25.95 points to 3,518.05.

The top performers on the BSE Sensex 30 were NTPC Ltd (BO:NTPC) which rose 2.68% to 314.15, Mahindra&Mahindra Ltd. (BO:MAHM) which was up 2.81% to settle at 1,734.60 and Dr. Reddy’s Laboratories Ltd (BO:REDY) which gained 2.37% to close at 5,848.20.

The worst performers were Larsen&Toubro Ltd (BO:LART) which was down 0.72% to 3,518.05 in late trade, LTIMindtree Ltd (BO:LTIM) which lost 0.67% to settle at 6,243.60 and Wipro Ltd (BO:WIPR) which was down 0.37% to 469.20 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1214 to 889 and 63 ended unchanged; on the Bombay Stock Exchange, 1953 fell and 1706 advanced, while 124 ended unchanged.

Shares in Coal India Ltd (NS:COAL) rose to 5-year highs; gaining 4.20% or 15.35 to 380.95. Shares in Mahindra&Mahindra Ltd. (NS:MAHM) rose to all time highs; up 2.75% or 46.50 to 1,734.45. Shares in Hero MotoCorp Ltd (NS:HROM) rose to all time highs; up 2.68% or 108.95 to 4,173.25. Shares in NTPC Ltd (BO:NTPC) rose to all time highs; gaining 2.68% or 8.20 to 314.15. Shares in Mahindra&Mahindra Ltd. (BO:MAHM) rose to all time highs; rising 2.81% or 47.35 to 1,734.60.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 2.68% to 15.14.

Gold Futures for February delivery was down 0.24% or 5.05 to $2,088.05 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February fell 1.58% or 1.17 to hit $72.94 a barrel, while the March Brent oil contract fell 1.35% or 1.07 to trade at $78.47 a barrel.

USD/INR was down 0.09% to 83.18, while EUR/INR rose 0.15% to 92.58.

The US Dollar Index Futures was down 0.28% at 100.37.