India stocks higher at close of trade; Nifty 50 up 0.99%

© Reuters India stocks higher at close of trade; Nifty 50 up 0.99%

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

At the close in NSE, the Nifty 50 gained 0.99%, while the BSE Sensex 30 index added 1.12%.

The best performers of the session on the Nifty 50 were Shree Cements Ltd. (NS:SHCM), which rose 5.51% or 1,277.40 points to trade at 24,458.45 at the close. Meanwhile, Bharat Petroleum Corp. Ltd. (NS:BPCL) added 3.98% or 13.00 points to end at 339.85 and AXIS Bank Ltd (NS:AXBK) was up 3.22% or 24.35 points to 779.75 in late trade.

The worst performers of the session were Hindalco Industries Ltd. (NS:HALC), which fell 2.84% or 12.30 points to trade at 420.55 at the close. Tata Steel Ltd (NS:TISC) declined 1.63% or 1.75 points to end at 105.85 and SBI Life Insurance Company Ltd (NS:SBIL) was down 1.04% or 13.85 points to 1,317.70.

The top performers on the BSE Sensex 30 were Tech Mahindra Ltd (BO:TEML) which rose 3.23% to 1,090.35, AXIS Bank Ltd. (BO:AXBK) which was up 3.22% to settle at 779.85 and ICICI Bank Ltd (BO:ICBK) which gained 2.57% to close at 898.90.

The worst performers were Tata Steel Ltd (BO:TISC) which was down 1.63% to 105.85 in late trade, NTPC Ltd (BO:NTPC) which lost 0.33% to settle at 166.75 and Titan Company Ltd (BO:TITN) which was down 0.32% to 2,629.50 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1104 to 742 and 45 ended unchanged; on the Bombay Stock Exchange, 1947 rose and 1370 declined, while 120 ended unchanged.

Shares in ICICI Bank Ltd (BO:ICBK) rose to all time highs; up 2.57% or 22.50 to 898.90.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 5.49% to 18.31.

Gold Futures for December delivery was up 0.30% or 5.20 to $1,733.00 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in October fell 0.02% or 0.02 to hit $81.92 a barrel, while the November Brent oil contract fell 0.01% or 0.01 to trade at $87.99 a barrel.

USD/INR was up 0.06% to 79.68, while EUR/INR rose 0.17% to 79.76.

The US Dollar Index Futures was down 0.26% at 109.54.