India stocks higher at close of trade; Nifty 50 up 1.10%
2022.07.20 14:05
India stocks higher at close of trade; Nifty 50 up 1.10%
Investing.com – India stocks were higher after the close on Wednesday, as gains in the IT, Technology and Metals sectors led shares higher.
At the close in NSE, the Nifty 50 rose 1.10% to hit a new 1-month high, while the BSE Sensex 30 index added 1.15%.
The best performers of the session on the Nifty 50 were Tech Mahindra Ltd (NS:TEML), which rose 3.75% or 37.80 points to trade at 1,045.50 at the close. Meanwhile, Oil And Natural Gas Corporation Ltd (NS:ONGC) added 3.64% or 4.65 points to end at 132.55 and HCL Technologies Ltd (NS:HCLT) was up 3.11% or 27.70 points to 917.40 in late trade.
The worst performers of the session were HDFC Life Insurance Company Ltd (NS:HDFL), which fell 2.00% or 10.70 points to trade at 525.20 at the close. Mahindra & Mahindra Ltd. (NS:MAHM) declined 1.74% or 20.60 points to end at 1,165.65 and Eicher Motors Ltd. (NS:EICH) was down 1.07% or 32.95 points to 3,044.75.
The top performers on the BSE Sensex 30 were Tech Mahindra Ltd (BO:TEML) which rose 3.84% to 1,046.30, HCL Technologies Ltd (BO:HCLT) which was up 3.08% to settle at 917.50 and Tata Consultancy Services Ltd. (BO:TCS) which gained 2.89% to close at 3,163.95.
The worst performers were Mahindra & Mahindra Ltd. (BO:MAHM) which was down 1.81% to 1,164.70 in late trade, Sun Pharmaceutical Industries Ltd. (BO:SUN) which lost 0.87% to settle at 867.25 and Kotak Mahindra Bank Ltd. (BO:KTKM) which was down 0.48% to 1,824.90 at the close.
Rising stocks outnumbered declining ones on the India National Stock Exchange by 1025 to 805 and 57 ended unchanged; on the Bombay Stock Exchange, 1825 rose and 1401 declined, while 130 ended unchanged.
The India VIX, which measures the implied volatility of Nifty 50 options, was down 2.21% to 16.82 a new 6-months low.
Gold Futures for August delivery was down 0.13% or 2.25 to $1,708.45 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September fell 1.53% or 1.54 to hit $99.20 a barrel, while the September Brent oil contract fell 1.37% or 1.47 to trade at $105.88 a barrel.
USD/INR was up 0.19% to 80.01, while EUR/INR fell 0.14% to 81.52.
The US Dollar Index Futures was up 0.28% at 106.85.
