India stocks higher at close of trade; Nifty 50 up 0.85%

Investing.com – India stocks were higher after the close on Thursday, as gains in the Metals, Oil & Gas and Public Sector Undertakings sectors led shares higher.

At the close in NSE, the Nifty 50 gained 0.85%, while the BSE Sensex 30 index gained 0.83%.

The best performers of the session on the Nifty 50 were Asian Paints Ltd. (NSE:ASPN), which rose 4.78% or 103.55 points to trade at 2,267.70 at the close. Meanwhile, Coal India Ltd (NSE:COAL) added 3.90% or 14.35 points to end at 382.60 and Hindalco Industries Ltd. (NSE:HALC) was up 3.74% or 24.60 points to 681.95 in late trade.

The worst performers of the session were Tech Mahindra Ltd (NSE:TEML), which fell 2.25% or 34.65 points to trade at 1,503.45 at the close. Trent Ltd (NSE:TREN) declined 0.72% or 36.60 points to end at 5,069.50 and Bharat Electronics Ltd (NSE:BAJE) was down 0.72% or 1.97 points to 272.95.

The top performers on the BSE Sensex 30 were Asian Paints Ltd. (BO:ASPN) which rose 4.65% to 2,266.00, Reliance Industries Ltd (BO:RELI) which was up 3.00% to settle at 1,211.00 and NTPC Ltd (BO:NTPC) which gained 2.80% to close at 335.75.

The worst performers were Tech Mahindra Ltd (BO:TEML) which was down 2.39% to 1,502.30 in late trade, Kotak Mahindra Bank Ltd. (BO:KTKM) which lost 0.83% to settle at 1,924.15 and Zomato Ltd (BO:ZOMT) which was down 0.73% to 225.15 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1875 to 478 and 80 ended unchanged; on the Bombay Stock Exchange, 2842 rose and 988 declined, while 106 ended unchanged.

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The India VIX, which measures the implied volatility of Nifty 50 options, was up 0.15% to 13.69.

Gold Futures for April delivery was down 0.61% or 17.91 to $2,908.09 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April rose 0.38% or 0.25 to hit $66.56 a barrel, while the May Brent oil contract rose 0.33% or 0.23 to trade at $69.53 a barrel.

USD/INR was up 0.32% to 87.15, while EUR/INR rose 0.31% to 94.03.

The US Dollar Index Futures was down 0.11% at 104.14.

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