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AnalysisStocks

India shares higher at close of trade; Nifty 50 up 0.81%

Investing.comSep 26, 2024 12:59 PM

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Investing.com – India equities were higher at the close on Thursday, as gains in the Auto, Metals and Banking sectors propelled shares higher.

At the close in NSE, the Nifty 50 added 0.81% to hit a new all time high, while the BSE Sensex 30 index gained 0.78%.

The biggest gainers of the session on the Nifty 50 were Maruti Suzuki India Ltd. (NS:MRTI), which rose 4.68% or 598.50 points to trade at 13,383.80 at the close. Grasim Industries Ltd (NS:GRAS) added 3.15% or 83.85 points to end at 2,745.85 and Tata Motors Ltd (NS:TAMO) was up 3.07% or 29.55 points to 993.15 in late trade.

Biggest losers included Cipla Ltd. (NS:CIPL), which lost 1.30% or 21.40 points to trade at 1,621.80 in late trade. Oil And Natural Gas Corporation Ltd (NS:ONGC) declined 1.17% or 3.50 points to end at 295.20 and Larsen&Toubro Ltd (NS:LART) shed 0.84% or 31.70 points to 3,762.15.

The top performers on the BSE Sensex 30 were Maruti Suzuki India Ltd. (BO:MRTI) which rose 4.55% to 13,357.00, Tata Motors Ltd (BO:TAMO) which was up 2.85% to settle at 991.00 and Bajaj Finserv Ltd (BO:BJFS) which gained 2.58% to close at 1,976.00.

The worst performers were Larsen&Toubro Ltd (BO:LART) which was down 0.94% to 3,760.25 in late trade, NTPC Ltd (BO:NTPC) which lost 0.66% to settle at 433.40 and Infosys Ltd (BO:INFY) which was down 0.21% to 1,892.10 at the close.

Declining stocks outnumbered rising ones by 1536 to 934 and 109 ended unchanged; on the Bombay Stock Exchange, 2232 fell and 1567 advanced, while 103 ended unchanged on the India National Stock Exchange.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 7.12% to 11.84 a new 1-month low.

In commodities trading, Gold Futures for December delivery was up 0.36% or 9.75 to $2,694.45 a troy ounce. Meanwhile, Crude oil for delivery in November fell 1.76% or 1.23 to hit $68.46 a barrel, while the December Brent oil contract fell 1.67% or 1.22 to trade at $71.68 a barrel.

USD/INR was up 0.02% to 83.65, while EUR/INR rose 0.12% to 93.22.

The US Dollar Index Futures was down 0.15% at 100.47.

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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