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India shares higher at close of trade; Nifty 50 up 0.44%

Published 10/05/2024, 11:30
© Reuters India shares higher at close of trade; Nifty 50 up 0.44%

Investing.com – India equities were higher at the close on Friday, as gains in the Power, Oil & Gas and Metals sectors propelled shares higher.

At the close in NSE, the Nifty 50 gained 0.44%, while the BSE Sensex 30 index climbed 0.36%.

The biggest gainers of the session on the Nifty 50 were Bharat Petroleum Corp. Ltd. (NS:BPCL), which rose 4.38% or 25.95 points to trade at 618.10 at the close. Power Grid Corporation of India Ltd (NS:PGRD) added 2.45% or 7.25 points to end at 303.40 and NTPC Ltd (NS:NTPC) was up 2.41% or 8.35 points to 354.40 in late trade.

Biggest losers included Tata Consultancy Services Ltd. (NS:TCS), which lost 1.65% or 65.20 points to trade at 3,895.00 in late trade. Cipla Ltd. (NS:CIPL) declined 1.38% or 18.80 points to end at 1,340.00 and LTIMindtree Ltd (NS:LTIM) shed 1.27% or 59.00 points to 4,599.00.

The top performers on the BSE Sensex 30 were Power Grid Corporation of India Ltd (BO:PGRD) which rose 2.55% to 303.65, NTPC Ltd (BO:NTPC) which was up 2.51% to settle at 354.70 and Asian Paints Ltd. (BO:ASPN) which gained 2.22% to close at 2,771.15.

The worst performers were Tata Consultancy Services Ltd. (BO:TCS) which was down 1.68% to 3,893.70 in late trade, LTIMindtree Ltd (BO:LTIM) which lost 1.27% to settle at 4,600.00 and Kotak Mahindra Bank Ltd. (BO:KTKM) which was down 1.17% to 1,623.10 at the close.

Advancing stocks outnumbered falling ones by 1349 to 827 and 62 ended unchanged; on the Bombay Stock Exchange, 2105 rose and 1548 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 1.50% to 18.47 a new 52-week high.

In commodities trading, Gold Futures for June delivery was up 1.82% or 42.60 to $2,382.90 a troy ounce. Meanwhile, Crude oil for delivery in June rose 0.69% or 0.55 to hit $79.81 a barrel, while the July Brent oil contract rose 0.57% or 0.48 to trade at $84.36 a barrel.

USD/INR was up 0.06% to 83.50, while EUR/INR rose 0.02% to 90.01.

The US Dollar Index Futures was up 0.02% at 105.13.

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