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Title: India stocks higher at close of trade; Nifty 50 up 1.37%



Feb 01, 2022 05:45 AM ET


By: AnalysisWatch


Indian stocks gained after the close on Tuesday as gains in the metals, capital goods, and fast-moving consumer goods sectors drove stocks higher.


At the close on the NSE, the Nifty 50 was up 1.37 percent, while the BSE Sensex 30 index rose 1.46 percent.


Among the best performers on the Nifty 50 were Tata Steel Ltd., which rose 7.54%, or 81.80 points, to close at 1167.35. Sun Pharmaceutical Industries Ltd gained 6.86% or 57.25 points in late trade to close at 891.75 points, while IndusInd Bank Ltd gained 6.07% or 52.90 points to close at 925.00 points.


The worst performers of the session were Bharat Petroleum Corp Ltd, which fell 4.46%, or 17.70 points, to close at 379.35 points in late trade. Indian Oil Corporation Ltd fell 2.76% or 3.45 points to close at 121.75 and Tata Motors Ltd fell 2.60% or 13.45 points to 504.30.


On the Indian National Stock Exchange, rising stocks outweighed falling ones by 996 to 805, and 30 ended unchanged; on the Bombay Stock Exchange, 1675 stocks rose, while 1568 fell, and 100 ended unchanged.


India's VIX, which measures the implied volatility of Nifty 50 options, fell 9.00% to 19.9775.


Gold futures for February delivery increased by 0.60%, or 10.70 cents, to $1805.70 per troy ounce. Elsewhere in commodity trading, crude oil for March delivery fell 0.42%, or 0.37, to $87.78 a barrel, while the April contract for Brent oil fell 0.46%, or 0.41, to $88.85 a barrel.


The USD/INR rose 0.42% to 74.849, while the EUR/INR rose 0.65% to 84.2650.

96.365. US dollar index futures were 0.18% lower at 96.365.

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