Selloff or Market Correction? Either Way, Here's What to Do NextSee Overvalued Stocks

India shares higher at close of trade; Nifty 50 up 0.73%

Published 07/12/2020, 09:45 pm
© Reuters.  India shares higher at close of trade; Nifty 50 up 0.73%
NSEI
-
NIFVIX
-
BRTI
-
HLL
-
HDFC
-
JSTL
-
KTKM
-
APSE
-
TISC
-
UPLL
-
ZEE
-
NEST
-
BSESN
-
BSESCGIP
-
BSESHLIP
-
BSEPSU
-

Investing.com – India equities were higher at the close on Monday, as gains in the Fast Moving Consumer Goods, Public Sector Undertakings and Healthcare sectors propelled shares higher.

At the close in NSE, the Nifty 50 gained 0.73% to hit a new all time high, while the BSE Sensex 30 index added 0.77%.

The biggest gainers of the session on the Nifty 50 were UPL Ltd (NS:UPLL), which rose 4.44% or 20.25 points to trade at 475.95 at the close. Zee Entertainment Enterprises Ltd. (NS:ZEE) added 4.33% or 8.95 points to end at 215.80 and Adani Port and Special Economic Zone Ltd (NS:APSE) was up 3.92% or 17.80 points to 471.50 in late trade.

Biggest losers included Nestle India Ltd (NS:NEST), which lost 1.49% or 266.15 points to trade at 17562.55 in late trade. Kotak Mahindra Bank Ltd. (NS:KTKM) declined 1.39% or 25.70 points to end at 1820.55 and JSW Steel Ltd (NS:JSTL) shed 1.32% or 4.90 points to 365.50.

The top performers on the BSE Sensex 30 were Bharti Airtel Ltd (BO:BRTI) which rose 3.05% to 508.95, Hindustan Unilever Ltd. (BO:HLL) which was up 2.95% to settle at 2252.80 and Housing Development Finance Corporation Ltd (BO:HDFC) which gained 2.60% to close at 2304.45.

The worst performers were Kotak Mahindra Bank Ltd. (BO:KTKM) which was down 1.39% to 1820.30 in late trade, Nestle India Ltd (BO:NEST) which lost 1.36% to settle at 17583.90 and Tata Steel Ltd (BO:TISC) which was down 1.14% to 615.50 at the close.

Advancing stocks outnumbered falling ones by 1227 to 443 and 52 ended unchanged; on the Bombay Stock Exchange, 1947 rose and 910 declined, while 177 ended unchanged on the India National Stock Exchange.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 0.01% to 18.0250.

In commodities trading, Gold Futures for February delivery was down 0.25% or 4.65 to $1835.35 a troy ounce. Meanwhile, Crude oil for delivery in January fell 0.84% or 0.39 to hit $45.87 a barrel, while the February Brent oil contract fell 0.73% or 0.36 to trade at $48.89 a barrel.

USD/INR was up 0.15% to 73.867, while EUR/INR fell 0.11% to 89.4050.

The US Dollar Index Futures was up 0.40% at 91.058.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.