India stocks higher at close of trade; Nifty 50 up 0.47%

India stocks higher at close of trade; Nifty 50 up 0.47%

© Reuters.  India stocks higher at close of trade; Nifty 50 up 0.47% © Reuters. India stocks higher at close of trade; Nifty 50 up 0.47%

Investing.com – India stocks were higher after the close on Tuesday, as gains in the Banking, IT and Technology sectors led shares higher.

At the close in NSE, the Nifty 50 added 0.47% to hit a new all time high, while the BSE Sensex 30 index climbed 0.54%.

The best performers of the session on the Nifty 50 were AXIS Bank Ltd (NS:AXBK), which rose 6.36% or 39.75 points to trade at 664.45 at the close. Meanwhile, Housing Development Finance Corporation Ltd (NS:HDFC) added 2.84% or 73.35 points to end at 2651.85 and IndusInd Bank Ltd. (NS:INBK) was up 2.65% or 23.80 points to 921.65 in late trade.

The worst performers of the session were Oil And Natural Gas Corporation Ltd (NS:ONGC), which fell 1.96% or 1.90 points to trade at 95.05 at the close. JSW Steel Ltd (NS:JSTL) declined 1.95% or 7.85 points to end at 395.25 and Bajaj Finance Ltd (NS:BJFN) was down 1.86% or 97.20 points to 5119.00.

The top performers on the BSE Sensex 30 were AXIS Bank Ltd. (BO:AXBK) which rose 6.31% to 664.30, Housing Development Finance Corporation Ltd (BO:HDFC) which was up 2.78% to settle at 2650.95 and IndusInd Bank Ltd. (BO:INBK) which gained 2.68% to close at 921.60.

The worst performers were Oil And Natural Gas Corporation Ltd (BO:ONGC) which was down 2.06% to 94.95 in late trade, Bajaj Finance Ltd (BO:BJFN) which lost 1.83% to settle at 5121.00 and NTPC Ltd (BO:NTPC) which was down 1.31% to 97.65 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 926 to 752 and 49 ended unchanged; on the Bombay Stock Exchange, 1694 rose and 1244 declined, while 152 ended unchanged.

Shares in Housing Development Finance Corporation Ltd (NS:HDFC) rose to all time highs; up 2.84% or 73.35 to 2651.85. Shares in Housing Development Finance Corporation Ltd (BO:HDFC) rose to all time highs; rising 2.78% or 71.60 to 2650.95.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 2.15% to 20.4600.

Gold Futures for February delivery was up 0.14% or 2.75 to $1949.35 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February rose 0.80% or 0.38 to hit $48.00 a barrel, while the March Brent oil contract rose 0.65% or 0.33 to trade at $51.42 a barrel.

USD/INR was up 0.23% to 73.237, while EUR/INR rose 0.51% to 89.9500.

The US Dollar Index Futures was down 0.24% at 89.627.

Original Article

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