India shares higher at close of trade; Nifty 50 up 1.00%

  • Stock Market News
India shares higher at close of trade; Nifty 50 up 1.00%
Credit: © Reuters. – India equities were higher at the close on Wednesday, as gains in the Real Estate , Banking and Auto sectors propelled shares higher.

At the close in NSE, the Nifty 50 gained 1.00% to hit a new 1-month high, while the BSE Sensex 30 index climbed 1.28%.

The biggest gainers of the session on the Nifty 50 were HDFC Life Insurance Company Ltd (NS: HDFL ), which rose 3.50% or 18.30 points to trade at 541.30 at the close. Bajaj Finserv Ltd (NS: BJFS ) added 3.29% or 543.35 points to end at 17,045.05 and Tata Consumer Products Ltd (NS: TACN ) was up 3.05% or 22.65 points to 765.85 in late trade.

Biggest losers included Oil And Natural Gas Corporation Ltd (NS: ONGC ), which lost 5.26% or 9.00 points to trade at 162.00 in late trade. Hindalco Industries Ltd. (NS: HALC ) declined 4.99% or 31.50 points to end at 599.80 and JSW Steel Ltd (NS: JSTL ) shed 4.82% or 36.35 points to 717.55.

The top performers on the BSE Sensex 30 were Bajaj Finserv Ltd (BO: BJFS ) which rose 3.82% to 17,127.50, Bajaj Finance Ltd (BO: BJFN ) which was up 3.09% to settle at 7,254.00 and Mahindra & Mahindra Ltd. (BO: MAHM ) which gained 2.81% to close at 794.95.

The worst performers were ITC Ltd (BO: ITC ) which was down 2.16% to 249.15 in late trade, Tata Steel Ltd (BO: TISC ) which lost 1.98% to settle at 1,307.95 and Tech Mahindra Ltd (BO: TEML ) which was down 1.69% to 1,496.15 at the close.

Advancing stocks outnumbered falling ones by 1188 to 638 and 26 ended unchanged; on the Bombay Stock Exchange, 2032 rose and 1255 declined, while 102 ended unchanged on the India National Stock Exchange.

The India VIX , which measures the implied volatility of Nifty 50 options, was down 3.25% to 20.61 a new 1-month low.

In commodities trading, Gold Futures for April delivery was up 0.34% or 6.45 to $1,918.65 a troy ounce. Meanwhile, Crude oil for delivery in May rose 1.91% or 1.99 to hit $106.23 a barrel, while the June Brent oil contract rose 1.89% or 2.04 to trade at $109.75 a barrel.

USD/INR was up 0.37% to 75.97, while EUR/INR rose 0.77% to 84.50.

The US Dollar Index Futures was down 0.40% at 98.05.

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