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

India shares higher at close of trade; Nifty 50 up 1.55%

Published 03/08/2021, 08:45 pm
© Reuters.  India shares higher at close of trade; Nifty 50 up 1.55%

© Reuters. India shares higher at close of trade; Nifty 50 up 1.55%

NSEI
0.66%
NIFVIX
-9.99%
BAJA
-0.21%
HDFC
0.00%
INBK
1.75%
JSTL
2.15%
NTPC
0.12%
SHCM
0.50%
TISC
0.73%
TITN
1.21%
NEST
-0.55%
BSESN
0.62%
BSEAUTO
-0.25%
BSESCGIP
-0.83%
BSEGRNX
0.00%

Investing.com – India equities were higher at the close on Tuesday, as gains in the Fast Moving Consumer Goods, Auto and Green Energy sectors propelled shares higher.

At the close in NSE, the Nifty 50 added 1.55% to hit a new all time high, while the BSE Sensex 30 index gained 1.65%.

The biggest gainers of the session on the Nifty 50 were Titan Company Ltd (NS:TITN), which rose 3.88% or 68.65 points to trade at 1840.20 at the close. Housing Development Finance Corporation Ltd (NS:HDFC) added 3.76% or 92.60 points to end at 2554.65 and IndusInd Bank Ltd. (NS:INBK) was up 3.45% or 34.05 points to 1022.05 in late trade.

Biggest losers included JSW Steel Ltd (NS:JSTL), which lost 0.86% or 6.40 points to trade at 740.30 in late trade. Bajaj Auto Ltd (NS:BAJA) declined 0.35% or 13.35 points to end at 3828.20 and Shree Cements Ltd. (NS:SHCM) shed 0.31% or 90.75 points to 29203.50.

The top performers on the BSE Sensex 30 were Titan Company Ltd (BO:TITN) which rose 3.89% to 1839.15, Housing Development Finance Corporation Ltd (BO:HDFC) which was up 3.72% to settle at 2553.95 and Nestle India Ltd (BO:NEST) which gained 3.44% to close at 18318.00.

The worst performers were Bajaj Auto Ltd (BO:BAJA) which was down 0.33% to 3828.00 in late trade, Tata Steel Ltd (BO:TISC) which lost 0.20% to settle at 1407.10 and NTPC Ltd (BO:NTPC) which was down 0.17% to 117.60 at the close.

Declining stocks outnumbered rising ones by 868 to 831 and 37 ended unchanged; on the Bombay Stock Exchange, 1637 rose and 1469 declined, while 111 ended unchanged on the India National Stock Exchange.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 7.36% to 13.7475 a new 1-month high.

In commodities trading, Gold Futures for December delivery was down 0.50% or 9.15 to $1813.05 a troy ounce. Meanwhile, Crude oil for delivery in September rose 0.49% or 0.35 to hit $71.61 a barrel, while the October Brent oil contract rose 0.51% or 0.37 to trade at $73.26 a barrel.

USD/INR was down 0.13% to 74.254, while EUR/INR rose 0.05% to 88.2840.

The US Dollar Index Futures was down 0.15% at 91.930.

Is BAJA truely undervalued?

With BAJA making headlines, investors are asking: Is it truly valued fairly? InvestingPro's advanced AI algorithms have analyzed BAJA alongside thousands of other stocks to uncover hidden gems with massive upside. And guess what? BAJA wasn't at the top of the list.

Unlock ProPicks AI

Latest comments

Loading next article…
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.