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India shares higher at close of trade; Nifty 50 up 0.71%

Published 05/07/2021, 11:45
Updated 05/07/2021, 11:45
© Reuters.  India shares higher at close of trade; Nifty 50 up 0.71%

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

At the close in NSE, the Nifty 50 rose 0.71%, while the BSE Sensex 30 index added 0.75%.

The biggest gainers of the session on the Nifty 50 were Hindalco Industries Ltd. (NS:HALC), which rose 3.80% or 14.30 points to trade at 390.35 at the close. Oil And Natural Gas Corporation Ltd (NS:ONGC) added 2.36% or 2.80 points to end at 121.25 and State Bank Of India (NS:SBI) was up 1.94% or 8.25 points to 432.65 in late trade.

Biggest losers included HDFC Life Insurance Company Ltd (NS:HDFL), which lost 1.40% or 9.60 points to trade at 677.90 in late trade. Tech Mahindra Ltd (NS:TEML) declined 1.35% or 14.75 points to end at 1074.65 and Bharat Petroleum Corp. Ltd. (NS:BPCL) shed 0.66% or 3.05 points to 459.70.

The top performers on the BSE Sensex 30 were State Bank Of India (BO:SBI) which rose 1.92% to 432.70, Tata Steel Ltd (BO:TISC) which was up 1.84% to settle at 1156.80 and Larsen & Toubro Ltd (BO:LART) which gained 1.47% to close at 1507.70.

The worst performers were Tech Mahindra Ltd (BO:TEML) which was down 1.34% to 1074.80 in late trade, Dr. Reddy’s Laboratories Ltd (BO:REDY) which lost 0.65% to settle at 5537.90 and HCL Technologies Ltd (BO:HCLT) which was down 0.44% to 980.55 at the close.

Advancing stocks outnumbered falling ones by 1181 to 546 and 46 ended unchanged; on the Bombay Stock Exchange, 2125 rose and 1055 declined, while 154 ended unchanged on the India National Stock Exchange.

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The India VIX, which measures the implied volatility of Nifty 50 options, was down 0.19% to 12.0675 a new 52-week low.

In commodities trading, Gold Futures for August delivery was up 0.48% or 8.60 to $1791.90 a troy ounce. Meanwhile, Crude oil for delivery in August rose 0.29% or 0.22 to hit $75.38 a barrel, while the September Brent oil contract rose 0.28% or 0.21 to trade at $76.38 a barrel.

USD/INR was down 0.29% to 74.296, while EUR/INR fell 0.14% to 88.2445.

The US Dollar Index Futures was down 0.28% at 92.155.

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