India stocks higher at close of trade; Nifty 50 up 0.39%

Stock Markets20 minutes ago (Jun 11, 2021 06:45AM ET)

(C) Reuters. India stocks higher at close of trade; Nifty 50 up 0.39%

Investing.com – India stocks were higher after the close on Friday, as gains in the Metals, IT and Technology sectors led shares higher.

At the close in NSE, the Nifty 50 rose 0.39% to hit a new all time high, while the BSE Sensex 30 index climbed 0.33%.

The best performers of the session on the Nifty 50 were Tata Steel Ltd (NS:TISC), which rose 3.94% or 43.90 points to trade at 1158.35 at the close. Meanwhile, Coal India Ltd (NS:COAL) added 3.93% or 6.15 points to end at 162.65 and JSW Steel Ltd (NS:JSTL) was up 3.60% or 25.40 points to 731.20 in late trade.

The worst performers of the session were Larsen & Toubro Ltd (NS:LART), which fell 1.07% or 16.25 points to trade at 1503.45 at the close. HDFC Life Insurance Company Ltd (NS:HDFL) declined 0.96% or 6.65 points to end at 682.60 and SBI Life Insurance Company Ltd (NS:SBIL) was down 0.95% or 9.45 points to 988.10.

The top performers on the BSE Sensex 30 were Dr. Reddy’s Laboratories Ltd (BO:REDY) which rose 3.03% to 5451.20, Power Grid Corporation of India Ltd (BO:PGRD) which was up 1.97% to settle at 246.30 and Tata Consultancy Services Ltd. (BO:TCS) which gained 1.73% to close at 3271.70.

The worst performers were Larsen & Toubro Ltd (BO:LART) which was down 1.07% to 1502.75 in late trade, IndusInd Bank Ltd. (BO:INBK) which lost 0.80% to settle at 1015.45 and Bajaj Finserv Ltd (BO:BJFS) which was down 0.78% to 11898.45 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 876 to 830 and 25 ended unchanged; on the Bombay Stock Exchange, 1684 rose and 1363 declined, while 123 ended unchanged.

Shares in Coal India Ltd (NS:COAL) rose to 52-week highs; up 3.93% or 6.15 to 162.65. Shares in Dr. Reddy’s Laboratories Ltd (BO:REDY) rose to all time highs; rising 3.03% or 160.55 to 5451.20. Shares in Power Grid Corporation of India Ltd (BO:PGRD) rose to all time highs; gaining 1.97% or 4.75 to 246.30.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 6.00% to 14.1025 a new 52-week low.

Gold Futures for August delivery was down 0.08% or 1.55 to $1894.85 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July rose 0.34% or 0.24 to hit $70.53 a barrel, while the August Brent oil contract rose 0.30% or 0.22 to trade at $72.74 a barrel.

USD/INR was down 0.00% to 73.067, while EUR/INR fell 0.16% to 88.7805.

The US Dollar Index Futures was up 0.14% at 90.207.

India stocks higher at close of trade; Nifty 50 up 0.39%

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