India stocks higher at close of trade; Nifty 50 up 0.09%


India stocks were higher after the close on Thursday, as gains in the BankingReal Estate and Green Energy sectors led shares higher.

At the close in NSE, the Nifty 50 added 0.09% to hit a new 1-month high, while the BSE Sensex 30 index gained 0.06%.

The best performers of the session on the Nifty 50 were IndusInd Bank Ltd. (NS:INBK), which rose 3.21% or 34.55 points to trade at 1,109.30 at the close. Meanwhile, HDFC Life Insurance Company Ltd (NS:HDFL) added 2.86% or 14.80 points to end at 531.85 and Eicher Motors Ltd. (NS:EICH) was up 2.69% or 84.15 points to 3,212.50 in late trade.

The worst performers of the session were Infosys Ltd (NS:INFY), which fell 2.74% or 39.10 points to trade at 1,389.20 at the close. Tech Mahindra Ltd (NS:TEML) declined 2.08% or 23.05 points to end at 1,086.85 and HCL Technologies Ltd (NS:HCLT) was down 2.07% or 22.65 points to 1,071.85.

The top performers on the BSE Sensex 30 were IndusInd Bank Ltd. (BO:INBK) which rose 3.15% to 1,108.90, Power Grid Corporation of India Ltd (BO:PGRD) which was up 1.74% to settle at 231.15 and Axis Bank Ltd. (BO:AXBK) which gained 1.62% to close at 864.60.

The worst performers were Infosys Ltd (BO:INFY) which was down 2.79% to 1,388.60 in late trade, Tech Mahindra Ltd (BO:TEML) which lost 2.13% to settle at 1,086.50 and HCL Technologies Ltd (BO:HCLT) which was down 2.09% to 1,071.85 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1027 to 890 and 55 ended unchanged; on the Bombay Stock Exchange, 1851 rose and 1520 declined, while 115 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 2.97% to 11.91.

Gold Futures for June delivery was up 0.76% or 15.45 to $2,040.35 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May fell 0.50% or 0.42 to hit $82.84 a barrel, while the June Brent oil contract fell 0.58% or 0.51 to trade at $86.82 a barrel.

USD/INR was down 0.16% to 81.84, while EUR/INR rose 0.15% to 90.17.

The US Dollar Index Futures was down 0.14% at 101.03.


Other news


White House: Nippon-U.S. Steel deal deserves ‘serious scrutiny’

The White House on Thursday said Nippon Steel Corp’s $14.9 billion proposed acquisition of U.S. Steel Corp deserves “serious scrutiny,” given the company’s core role in U.S. steel production that is critical to national security. In its first substantive statement on the deal, the White House said it viewed a strong domestic steel industry as […]


Cybertruck designer says Tesla stainless steel pickup is no experiment

The angular, polarizing design of the Cybertruck will help boost the Tesla (NASDAQ:TSLA) brand, the electric vehicle maker’s chief designer said on Thursday, adding that the pickup was no experiment. “Love it or hate it, it’s a conversation starter, and it gets people talking about the brand,” Tesla Chief Designer Franz von Holzhausen said at […]


Boeing’s first Dreamliner delivery to China since 2019 to land Friday

Boeing (NYSE:BA)’s first direct delivery of a 787 Dreamliner to China since 2019 is set to land in Shanghai on Friday, a step that could hasten the end of China’s freeze on deliveries of the firm’s profitable 737 MAX after more than four years. Privately owned Chinese carrier Juneyao Airlines on Thursday took delivery of […]