India stocks higher at close of trade; Nifty 50 up 2.89%
2022.05.20 13:52
India stocks higher at close of trade; Nifty 50 up 2.89%
Investing.com – India stocks were higher after the close on Friday, as gains in the Real Estate, Metals and Capital Goods sectors led shares higher.
At the close in NSE, the Nifty 50 gained 2.89%, while the BSE Sensex 30 index gained 2.91%.
The best performers of the session on the Nifty 50 were Dr. Reddy’s Laboratories Ltd (NS:REDY), which rose 8.13% or 319.65 points to trade at 4,249.10 at the close. Meanwhile, Reliance Industries Ltd (NS:RELI) added 5.83% or 144.60 points to end at 2,624.45 and JSW Steel Ltd (NS:JSTL) was up 5.15% or 30.90 points to 631.10 in late trade.
The worst performers of the session were Shree Cements Ltd. (NS:SHCM), which fell 0.97% or 215.15 points to trade at 22,001.20 at the close. UPL Ltd (NS:UPLL) declined 0.71% or 5.75 points to end at 808.25 and Power Grid Corporation of India Ltd (NS:PGRD) was up 0.53% or 1.20 points to 229.50.
The top performers on the BSE Sensex 30 were Dr. Reddy’s Laboratories Ltd (BO:REDY) which rose 8.10% to 4,246.30, Reliance Industries Ltd (BO:RELI) which was up 5.77% to settle at 2,622.15 and Nestle India Ltd (BO:NEST) which gained 4.74% to close at 16,863.85.
The worst performers were Power Grid Corporation of India Ltd (BO:PGRD) which was up 0.24% to 229.05 in late trade, Tata Consultancy Services Ltd. (BO:TCS) which gained 0.71% to settle at 3,293.90 and NTPC Ltd (BO:NTPC) which was up 0.91% to 149.50 at the close.
Rising stocks outnumbered declining ones on the India National Stock Exchange by 1530 to 318 and 32 ended unchanged; on the Bombay Stock Exchange, 2425 rose and 813 declined, while 114 ended unchanged.
The India VIX, which measures the implied volatility of Nifty 50 options, was down 5.94% to 23.10.
Gold Futures for June delivery was up 0.08% or 1.40 to $1,842.60 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July rose 0.10% or 0.11 to hit $110.00 a barrel, while the July Brent oil contract rose 0.30% or 0.34 to trade at $112.38 a barrel.
USD/INR was up 0.16% to 77.56, while EUR/INR rose 0.23% to 82.13.
The US Dollar Index Futures was up 0.11% at 102.86.
