INDIAN BENCHMARKS: India stocks higher at close of trade; Nifty 50 up 0.13%
India stocks were higher after the close on Friday, as gains in the Metals, Public Sector Undertakings and Banking sectors led shares higher. At the close in NSE, the Nifty 50 added 0.13%, while the BSE Sensex 30 index climbed 0.16%.The best performers of the session on the Nifty 50 were Punjab National Bank (NS:PNBK), which rose 5.06% or 4.00 points to trade at 83.00 at the close. Meanwhile, Bharat Heavy Electricals Ltd. (NS:BHEL) added 4.16% or 4.30 points to end at 107.60 and Vedanta Ltd (NS:VDAN) was up 4.11% or 3.45 points to 87.40 in late trade.
The worst performers of the session were HCL Technologies Ltd (NS:HCLT), which fell 2.78% or 23.90 points to trade at 835.40 at the close. Idea Cellular Ltd (NS:IDEA) declined 2.49% or 2.70 points to end at 105.65 and Tech Mahindra Limited (NS:TEML) was down 2.27% or 10.50 points to 451.25.
The top performers on the BSE Sensex 30 were Vedanta Ltd (BO:VDAN) which rose 4.24% to 87.25, Bharat Heavy Electricals Ltd. (BO:BHEL) which was up 4.03% to settle at 107.25 and Coal India Limited (BO:COAL) which gained 3.30% to close at 325.20.
The crucial resistance for Nifty SPOT is now seen at 7487 and above this 7515. Support for the immediate term is now placed at 7405 and next support will be 7367.
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