Markets in 'deep hole' as growth fears escalate; Sensex falls 1,115 points

India stocks higher at close of trade; Nifty 50 up 1.06%

India stocks higher at close of trade; Nifty 50 up 1.06%

By Administrator_India

Capital Sands

India stocks were higher after the close on Tuesday, as gains in the BankingConsumer Durables and Carbon sectors led shares higher.

At the close in NSE, the Nifty 50 added 1.06% to hit a new 1-month high, while the BSE Sensex 30 index climbed 1.17%.

The best performers of the session on the Nifty 50 were IndusInd Bank Ltd. , which rose 17.07% or 69.55 points to trade at 476.95 at the close. Meanwhile, Bajaj Finance Ltd  added 9.32% or 190.50 points to end at 2234.55 and Housing Development Finance Corporation Ltd  was up 8.33% or 132.55 points to 1724.00 in late trade.

The worst performers of the session were Sun Pharmaceutical Industries Ltd. , which fell 3.02% or 14.80 points to trade at 475.10 at the close. Indian Oil Corporation Ltd. declined 2.33% or 1.90 points to end at 79.60 and NTPC Ltd  was down 2.11% or 1.95 points to 90.40.

The top performers on the BSE Sensex 30 were IndusInd Bank Ltd.  which rose 15.11% to 468.90, Bajaj Finance Ltd. which was up 9.04% to settle at 2229.40 and Housing Development Finance Corporation Ltd. which gained 8.27% to close at 1724.00.

The worst performers were Sun Pharmaceutical Industries Ltd. which was down 3.27% to 473.80 in late trade, Nestle India Ltd. which lost 2.09% to settle at 17578.55 and NTPC Ltd. which was down 2.00% to 90.45 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 818 to 684 and 90 ended unchanged; on the Bombay Stock Exchange, 1230 rose and 1016 declined, while 180 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 7.06% to 35.3550 a new 1-month low.

Gold Futures for June delivery was down 0.06% or 0.95 to $1722.85 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June fell 8.45% or 1.08 to hit $11.70 a barrel, while the July Brent oil contract rose 1.47% or 0.34 to trade at $23.41 a barrel.

USD/INR was down 0.11% to 76.145, while EUR/INR rose 0.35% to 82.8270.

The US Dollar Index Futures was down 0.51% at 99.590.

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