India stocks higher at close of trade; Nifty 50 up 0.63%

Category: Stock Market

India stocks were higher after the close on Tuesday, as gains in the Metals, Real Estate and Banking sectors led shares higher.At the close in NSE, the Nifty 50 rose 0.63% to hit a new 6-months high, while the BSE Sensex 30 index climbed 0.66%.The best performers of the session on the Nifty 50 were Hindalco Industries Ltd. (NS:HALC), which rose 4.80% or 6.20 points to trade at 135.25 at the close. Meanwhile, ICICI Bank Ltd . (NS:ICBK) added 4.74% or 11.85 points to end at 261.70 and TATA STEEL LIMITED (NS:TISC) was up 4.68% or 15.30 points to 342.30 in late trade.The worst performers of the session were Tata Power Co. Ltd (NS:TTPW), which fell 1.69% or 1.25 points to trade at 72.70 at the close. Cipla Ltd. (NS:CIPL) declined 1.21% or 6.30 points to end at 515.70 and Coal India Limited (NS:COAL) was down 1.20% or 3.85 points to 317.05.The top performers on the BSE Sensex 30 were Vedanta Ltd (BO:VDAN) which rose 7.34% to 159.50, Hindalco Industries Ltd. (BO:HALC) which was up 4.84% to settle at 135.30 and ICICI Bank Ltd. (BO:ICBK) which gained 4.68% to close at 261.55.The worst performers were Tata Power Co. Ltd (BO:TTPW) which was down 1.49% to 72.75 in late trade, Coal India Limited (BO:COAL) which lost 1.14% to settle at 316.85 and Cipla Ltd. (BO:CIPL) which was down 0.99% to 516.20 at the close.Falling stocks outnumbered advancing ones on the India National Stock Exchange by 842 to 632 and 53 ended unchanged; on the Bombay Stock Exchange, 942 fell and 683 advanced, while 51 ended unchanged.Shares in Hindalco Industries Ltd. (NS:HALC) rose to 52-week highs; gaining 4.80% or 6.20 to 135.25. Shares in Vedanta Ltd (BO:VDAN) rose to 52-week highs; up 7.34% or 10.90 to 159.50. Shares in Hindalco Industries Ltd. (BO:HALC) rose to 52-week highs; rising 4.84% or 6.25 to 135.30.The India Vix, which measures the implied volatility of Nifty 50 options, was down 0.44% to 14.7825 a new 6-months low.Gold for August delivery was down 0.33% or 4.45 to $1352.15 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August rose 1.94% or 0.87 to hit $45.63 a barrel, while the September Brent oil contract rose 2.34% or 1.08 to trade at $47.33 a barrel.USD/INR was down 0.00% to 67.156, while EUR/INR rose 0.43% to 74.5520.The US Dollar Index was down 0.35% at 96.24.