India stocks higher at close of trade; Nifty 50 up 0.82%

India stocks higher at close of trade; Nifty 50 up 0.82%

Aug 23, 2019

India stocks were higher after the close on Friday, as gains in the Metals, Oil&Gas and Public Sector Undertakings sectors led shares higher.

At the close in NSE, the Nifty 50 rose 0.82%, while the BSE Sensex 30 index gained 0.63%.

The best performers of the session on the Nifty 50 were Zee Entertainment Enterprises Ltd. (NS:ZEE), which rose 6.55% or 21.55 points to trade at 351.15 at the close. Meanwhile, Vedanta Ltd (NS:VDAN) added 5.70% or 7.35 points to end at 137.40 and UPL Ltd (NS:UPLL) was up 6.18% or 32.00 points to 547.25 in late trade.

The worst performers of the session were IndusInd Bank Ltd. (NS:INBK), which fell 1.78% or 23.80 points to trade at 1310.50 at the close. ITC Ltd (NS:ITC) declined 1.50% or 3.60 points to end at 236.10 and ICICI Bank Ltd (NS:ICBK) was down 0.80% or 3.20 points to 395.40.

The top performers on the BSE Sensex 30 were Vedanta Ltd (BO:VDAN) which rose 6.55% to 137.50, Yes Bank Ltd (BO:YESB) which was up 5.24% to settle at 59.25 and Oil And Natural Gas Corporation Ltd (BO:ONGC) which gained 4.66% to close at 122.30.

The worst performers were IndusInd Bank Ltd. (BO:INBK) which was down 1.90% to 1310.35 in late trade, ITC Ltd (BO:ITC) which lost 1.71% to settle at 236.00 and ICICI Bank Ltd (BO:ICBK) which was down 0.85% to 395.75 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 903 to 667 and 60 ended unchanged; on the Bombay Stock Exchange, 1272 rose and 1085 declined, while 126 ended unchanged.

Shares in IndusInd Bank Ltd. (NS:INBK) fell to 52-week lows; losing 1.78% or 23.80 to 1310.50. Shares in ITC Ltd (NS:ITC) fell to 52-week lows; falling 1.50% or 3.60 to 236.10. Shares in IndusInd Bank Ltd. (BO:INBK) fell to 52-week lows; falling 1.90% or 25.35 to 1310.35. Shares in ITC Ltd (BO:ITC) fell to 52-week lows; down 1.71% or 4.10 to 236.00.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 2.83% to 17.3475.

Gold Futures for December delivery was down 0.20% or 2.95 to $1505.55 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in October fell 0.09% or 0.05 to hit $55.30 a barrel, while the October Brent oil contract fell 0.10% or 0.06 to trade at $59.86 a barrel.

USD/INR was down 0.23% to 71.748, while EUR/INR fell 0.41% to 79.3315.

The US Dollar Index Futures was up 0.26% at 98.320.

Join Libertex!

Practice for free on a demo account with 50,000 euro

Register
or start live trading now