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India shares higher at close of trade; Nifty 50 up 1.78%

Published 05/11/2020, 09:45 pm
© Reuters.  India shares higher at close of trade; Nifty 50 up 1.78%
NSEI
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HROM
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HALC
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HDFC
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ICBK
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PGRD
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BSEMET
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Investing.com – India equities were higher at the close on Thursday, as gains in the Metals, Public Sector Undertakings and Oil & Gas sectors propelled shares higher.

At the close in NSE, the Nifty 50 added 1.78% to hit a new 6-month high, while the BSE Sensex 30 index gained 1.78%.

The biggest gainers of the session on the Nifty 50 were IndusInd Bank Ltd. (NS:INBK), which rose 6.19% or 41.95 points to trade at 720.00 at the close. Hindalco Industries Ltd. (NS:HALC) added 6.01% or 10.60 points to end at 187.10 and State Bank Of India (NS:SBI) was up 5.56% or 11.50 points to 218.50 in late trade.

Biggest losers included Hero MotoCorp Ltd (NS:HROM), which lost 0.61% or 18.00 points to trade at 2950.00 in late trade. HDFC Life Insurance Company Ltd (NS:HDFL) declined 0.21% or 1.25 points to end at 593.00 and Bharti Infratel Ltd (NS:BHRI) gained 0.14% or 0.25 points to 178.30.

The top performers on the BSE Sensex 30 were State Bank Of India (BO:SBI) which rose 5.63% to 218.70, Tata Steel Ltd (BO:TISC) which was up 5.34% to settle at 425.45 and IndusInd Bank Ltd. (BO:INBK) which gained 5.32% to close at 714.20.

The worst performers were ICICI Bank Ltd (BO:ICBK) which was up 0.30% to 438.55 in late trade, Housing Development Finance Corporation Ltd (BO:HDFC) which gained 0.59% to settle at 2100.20 and Power Grid Corporation of India Ltd (BO:PGRD) which was up 0.71% to 178.35 at the close.

Advancing stocks outnumbered falling ones by 1163 to 432 and 97 ended unchanged; on the Bombay Stock Exchange, 1656 rose and 897 declined, while 172 ended unchanged on the India National Stock Exchange.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 9.63% to 20.9650.

In commodities trading, Gold Futures for December delivery was up 1.19% or 22.60 to $1918.80 a troy ounce. Meanwhile, Crude oil for delivery in December fell 0.43% or 0.17 to hit $38.98 a barrel, while the January Brent oil contract fell 0.27% or 0.11 to trade at $41.12 a barrel.

USD/INR was down 0.35% to 74.102, while EUR/INR rose 0.32% to 87.4595.

The US Dollar Index Futures was down 0.53% at 92.920.

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