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AnalysisStocks

India shares higher at close of trade; Nifty 50 up 0.57%

Investing.comSep 23, 2024 12:45 PM

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Investing.com – India equities were higher at the close on Monday, as gains in the Oil&Gas, Real Estate and Public Sector Undertakings sectors propelled shares higher.

At the close in NSE, the Nifty 50 gained 0.57% to hit a new all time high, while the BSE Sensex 30 index gained 0.45%.

The biggest gainers of the session on the Nifty 50 were Mahindra&Mahindra Ltd. (NS:MAHM), which rose 3.35% or 98.95 points to trade at 3,049.80 at the close. Bajaj Auto Ltd (NS:BAJA) added 3.33% or 397.25 points to end at 12,338.95 and Oil And Natural Gas Corporation Ltd (NS:ONGC) was up 3.21% or 9.20 points to 295.45 in late trade.

Biggest losers included Eicher Motors Ltd. (NS:EICH), which lost 1.68% or 83.60 points to trade at 4,879.55 in late trade. Divi's Laboratories Ltd. (NS:DIVI) declined 1.43% or 77.90 points to end at 5,372.85 and ICICI Bank Ltd (NS:ICBK) shed 1.24% or 16.55 points to 1,321.90.

The top performers on the BSE Sensex 30 were Mahindra&Mahindra Ltd. (BO:MAHM) which rose 3.18% to 3,046.20, State Bank Of India (BO:SBI) which was up 2.35% to settle at 800.30 and Bharti Airtel Ltd (BO:BRTI) which gained 2.26% to close at 1,751.00.

The worst performers were ICICI Bank Ltd (BO:ICBK) which was down 1.27% to 1,323.20 in late trade, IndusInd Bank Ltd. (BO:INBK) which lost 1.05% to settle at 1,463.70 and Asian Paints Ltd. (BO:ASPN) which was down 1.02% to 3,275.40 at the close.

Advancing stocks outnumbered falling ones by 1550 to 988 and 67 ended unchanged; on the Bombay Stock Exchange, 2240 rose and 1687 declined, while 119 ended unchanged on the India National Stock Exchange.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 7.86% to 13.80.

In commodities trading, Gold Futures for December delivery was up 0.03% or 0.75 to $2,646.95 a troy ounce. Meanwhile, Crude oil for delivery in November rose 0.39% or 0.28 to hit $71.28 a barrel, while the December Brent oil contract rose 0.34% or 0.25 to trade at $73.94 a barrel.

USD/INR was up 0.08% to 83.55, while EUR/INR fell 0.35% to 92.87.

The US Dollar Index Futures was up 0.27% at 100.69.

Reviewed byTony

Disclaimer: The content of this article solely represents the author's personal opinions and does not reflect the official stance of Tradingkey. It should not be considered as investment advice. The article is intended for reference purposes only, and readers should not base any investment decisions solely on its content. Tradingkey bears no responsibility for any trading outcomes resulting from reliance on this article. Furthermore, Tradingkey cannot guarantee the accuracy of the article's content. Before making any investment decisions, it is advisable to consult an independent financial advisor to fully understand the associated risks.

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