India stocks higher at close of trade; Nifty 50 up 3.82%

India stocks higher at close of trade; Nifty 50 up 3.82%

By Ritu, Capital Sands India stocks were higher after the close on Tuesday, as gains in the Oil & Gas, Fast Moving Consumer Goods and Public Sector Undertakings sectors led shares higher. At the close in NSE, the Nifty 50 rose 3.82%, while the BSE Sensex 30 index climbed 3.62%. The best performers of the session on the Nifty 50 were Bharat Petroleum Corp. Ltd.

By Ritu,

Capital Sands

India stocks were higher after the close on Tuesday, as gains in the Oil & GasFast Moving Consumer Goods and Public Sector Undertakings sectors led shares higher.

At the close in NSE, the Nifty 50 rose 3.82%, while the BSE Sensex 30 index climbed 3.62%.

The best performers of the session on the Nifty 50 were Bharat Petroleum Corp. Ltd. , which rose 13.56% or 37.25 points to trade at 312.00 at the close. Meanwhile, Britannia Industries Ltd. added 8.63% or 213.45 points to end at 2687.20 and GAIL Ltd. was up 8.12% or 5.75 points to 76.60 in late trade.

The worst performers of the session were IndusInd Bank Ltd. , which fell 15.14% or 62.60 points to trade at 350.80 at the close. Yes Bank Ltd. declined 10.44% or 2.60 points to end at 22.30 and Eicher Motors Ltd.  was down 2.70% or 360.10 points to 12973.00.

The top performers on the BSE Sensex 30 were ITC Ltd. which rose 7.84% to 172.00, Reliance Industries Ltd. which was up 7.76% to settle at 1112.45 and Oil And Natural Gas Corporation Ltd. which gained 7.64% to close at 68.30.

The worst performers were IndusInd Bank Ltd. which was down 14.68% to 351.15 in late trade, Maruti Suzuki India Ltd. which lost 1.23% to settle at 4287.75 and Bajaj Finance Ltd. which was down 1.17% to 2216.05 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1151 to 365 and 91 ended unchanged; on the Bombay Stock Exchange, 1458 rose and 721 declined, while 145 ended unchanged.

Shares in Eicher Motors Ltd. fell to 5-year lows; falling 2.70% or 360.10 to 12973.00. Shares in Bajaj Finance Ltd. fell to 52-week lows; losing 1.17% or 26.20 to 2216.05.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 10.41% to 64.4075.

Gold Futures for June delivery was down 1.94% or 31.80 to $1611.40 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May rose 7.12% or 1.43 to hit $21.52 a barrel, while the June Brent oil contract rose 3.90% or 1.03 to trade at $27.45 a barrel.

USD/INR was up 0.15% to 75.502, while EUR/INR fell 0.65% to 82.7510.

The US Dollar Index Futures was up 0.59% at 99.865.

Ritu
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