India stocks higher at close of trade; Nifty 50 up 0.13%

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

At the close in NSE, the Nifty 50 added 0.13% to hit a new all time high, while the BSE Sensex 30 index gained 0.15%.

The best performers of the session on the Nifty 50 were UltraTech Cement Ltd (NS:ULTC), which rose 3.29% or 309.35 points to trade at 9,722.90 at the close. Meanwhile, UPL Ltd (NS:UPLL) added 3.04% or 17.80 points to end at 603.00 and Adani Enterprises Ltd (NS:ADEL) was up 1.41% or 39.85 points to 2,862.00 in late trade.

The worst performers of the session were Dr. Reddy’s Laboratories Ltd (NS:REDY), which fell 5.00% or 288.15 points to trade at 5,475.75 at the close. Axis Bank Ltd (NS:AXBK) declined 1.43% or 16.20 points to end at 1,115.00 and Cipla Ltd. (NS:CIPL) was down 1.24% or 15.10 points to 1,204.00.

The top performers on the BSE Sensex 30 were UltraTech Cement Ltd (BO:ULTC) which rose 3.04% to 9,685.00, Nestle India Ltd (BO:NEST) which was up 1.30% to settle at 25,110.00 and Power Grid Corporation of India Ltd (BO:PGRD) which gained 1.05% to close at 230.95.

The worst performers were Dr. Reddy’s Laboratories Ltd (BO:REDY) which was down 5.04% to 5,472.90 in late trade, Axis Bank Ltd. (BO:AXBK) which lost 1.26% to settle at 1,116.85 and Mahindra&Mahindra Ltd. (BO:MAHM) which was down 0.99% to 1,652.00 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1292 to 845 and 33 ended unchanged; on the Bombay Stock Exchange, 2291 rose and 1440 declined, while 172 ended unchanged.

Shares in UltraTech Cement Ltd (NS:ULTC) rose to all time highs; rising 3.29% or 309.35 to 9,722.90. Shares in UltraTech Cement Ltd (BO:ULTC) rose to all time highs; up 3.04% or 285.35 to 9,685.00. Shares in Nestle India Ltd (BO:NEST) rose to all time highs; rising 1.30% or 321.70 to 25,110.00. Shares in Power Grid Corporation of India Ltd (BO:PGRD) rose to all time highs; gaining 1.05% or 2.40 to 230.95.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 2.31% to 12.76.

Gold Futures for February delivery was down 0.33% or 6.60 to $2,007.90 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January fell 0.59% or 0.42 to hit $70.81 a barrel, while the February Brent oil contract fell 0.42% or 0.32 to trade at $75.52 a barrel.

USD/INR was down 0.07% to 83.37, while EUR/INR fell 0.10% to 89.82.

The US Dollar Index Futures was up 0.03% at 103.66.