India’s Nifty 50 up 0.20%

India’s Nifty 50 up 0.20%

India stocks ended higher as gains in the Metals, Oil & Gas and Carbon sectors led shares higher after the close on Thursday.

In the NSE, the Nifty 50 added 0.20% to hit a new 1-month high, while the BSE Sensex 30 index inched up 0.06% at the close.

The session’s best performers on the Nifty 50 were JSW Steel Ltd rising 9.64% or 63.85 points to trade at 726.50 at the close. Moreover, Bajaj Finserv Ltd rose 6.55% or 687.25 points to end at 11176.55. Tata Steel Ltd climbed 6.17% or 59.95 points to 1031.35 in late trade.

The session’s worst performers were Eicher Motors Ltd. falling 2.31% or 58.30 points to trade at 2462.90 at the close. Hero MotoCorp Ltd lost 2.26% or 66.15 points to end at 2860.10. Housing Development Finance Corporation Ltd declined 1.48% or 38.15 points to 2538.85.

On the BSE Sensex 30, the top performers were Bajaj Finserv Ltd rising 6.60% to 11184.60. Bajaj Finance Ltd added 3.89% to settle at 5484.75 and AXIS Bank Ltd. edged 1.65% higher to close at 719.55.

Falling Stocks Outnumber the Rising Ones

On the other hand, the worst performers were Housing Development Finance Corporation Ltd dropping 1.76% to 2531.10 in late trade. Bajaj Auto Ltd lost 1.44% to settle at 3834.25 and Larsen & Toubro Ltd shed 1.20% to 1358.50 at the close.

On the India National Stock Exchange,  the number of falling stocks exceeded the number of advancing ones. That was by 924 to 716 and 75 ended unchanged. On the Bombay Stock Exchange, 1497 retreated, 1328 advanced, while 169 ended unchanged.

JSW Steel Ltd shares were up to all time highs, climbing 9.64% or 63.85 to 726.50. Bajaj Finserv Ltd shares were also up to all time highs, rising 6.55% or 687.25 to 11176.55. 

Tata Steel Ltd shares jumped to all time highs, up 6.17% or 59.95 to 1031.35. Bajaj Finserv Ltd shares rose to all time highs; up 6.60% or 692.95 to 11184.60.

The India VIX was up 3.21% to 23.3050.

Elsewhere, on Thursday, Nasdaq futures added 1%. This comes as stellar earnings from Apple and Facebook powered a rally in tech stocks. Investors were parsing another barrage of quarterly reports ahead of GDP numbers and jobless claims data.

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