India stocks higher at close of trade; Nifty 50 up 0.70%

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

At the close in NSE, the Nifty 50 gained 0.70% to hit a new all time high, while the BSE Sensex 30 index climbed 0.75%.

The best performers of the session on the Nifty 50 were Grasim Industries Ltd (NS:GRAS), which rose 3.48% or 60.35 points to trade at 1,795.00 at the close. Meanwhile, ITC Ltd (NS:ITC) added 3.04% or 13.75 points to end at 465.35 and Bharat Petroleum Corp. Ltd. (NS:BPCL) was up 2.84% or 10.35 points to 375.05 in late trade.

The worst performers of the session were Power Grid Corporation of India Ltd (NS:PGRD), which fell 1.84% or 4.70 points to trade at 250.45 at the close. Bajaj Auto Ltd (NS:BAJA) declined 1.74% or 81.55 points to end at 4,610.00 and Sun Pharmaceutical Industries Ltd. (NS:SUN) was down 1.56% or 16.40 points to 1,035.20.

The top performers on the BSE Sensex 30 were Reliance Industries Ltd (BO:RELI) which rose 2.53% to 2,615.20, ITC Ltd (BO:ITC) which was up 2.50% to settle at 462.95 and Bajaj Finance Ltd (BO:BJFN) which gained 2.46% to close at 7,335.35.

The worst performers were Power Grid Corporation of India Ltd (BO:PGRD) which was down 1.86% to 250.35 in late trade, Sun Pharmaceutical Industries Ltd. (BO:SUN) which lost 1.83% to settle at 1,032.15 and Maruti Suzuki India Ltd. (BO:MRTI) which was down 1.12% to 9,676.75 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1093 to 891 and 68 ended unchanged; on the Bombay Stock Exchange, 1873 rose and 1697 declined, while 141 ended unchanged.

Shares in ITC Ltd (NS:ITC) rose to all time highs; rising 3.04% or 13.75 to 465.35. Shares in ITC Ltd (BO:ITC) rose to all time highs; gaining 2.50% or 11.30 to 462.95.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 6.85% to 11.54 a new 1-month high.

Gold Futures for August delivery was down 0.45% or 8.65 to $1,920.75 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August rose 0.98% or 0.69 to hit $71.33 a barrel, while the September Brent oil contract rose 0.89% or 0.67 to trade at $76.08 a barrel.

USD/INR was down 0.18% to 81.95, while EUR/INR rose 0.32% to 89.29.

The US Dollar Index Futures was up 0.19% at 102.79.