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India shares higher at close of trade; Nifty 50 up 1.27%

Published 31-10-2022, 04:15 pm
© Reuters India shares higher at close of trade; Nifty 50 up 1.27%

Investing.com – India equities were higher at the close on Monday, as gains in the Auto, Capital Goods and Technology sectors propelled shares higher.

At the close in NSE, the Nifty 50 rose 1.27% to hit a new 1-month high, while the BSE Sensex 30 index gained 1.31%.

The biggest gainers of the session on the Nifty 50 were UltraTech Cement Ltd (NS:ULTC), which rose 4.17% or 269.10 points to trade at 6,714.95 at the close. Housing Development Finance Corporation Ltd (NS:HDFC) added 2.89% or 69.35 points to end at 2,469.80 and Mahindra & Mahindra Ltd. (NS:MAHM) was up 2.82% or 36.95 points to 1,348.60 in late trade.

Biggest losers included Apollo Hospitals Enterprises Ltd. (NS:APLH), which lost 1.08% or 49.50 points to trade at 4,517.50 in late trade. Dr. Reddy’s Laboratories Ltd (NS:REDY) declined 0.59% or 26.25 points to end at 4,433.70 and NTPC Ltd (NS:NTPC) shed 0.55% or 0.95 points to 173.10.

The top performers on the BSE Sensex 30 were UltraTech Cement Ltd (BO:ULTC) which rose 4.18% to 6,713.35, Housing Development Finance Corporation Ltd (BO:HDFC) which was up 2.89% to settle at 2,469.75 and Sun Pharmaceutical Industries Ltd. (BO:SUN) which gained 2.75% to close at 1,017.00.

The worst performers were Dr. Reddy’s Laboratories Ltd (BO:REDY) which was down 0.66% to 4,431.40 in late trade, NTPC Ltd (BO:NTPC) which lost 0.60% to settle at 173.10 and IndusInd Bank Ltd. (BO:INBK) which was down 0.43% to 1,142.70 at the close.

Advancing stocks outnumbered falling ones by 1006 to 885 and 61 ended unchanged; on the Bombay Stock Exchange, 1743 rose and 1648 declined, while 168 ended unchanged on the India National Stock Exchange.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 0.75% to 15.80 a new 6-month low.

In commodities trading, Gold Futures for December delivery was down 0.27% or 4.45 to $1,640.35 a troy ounce. Meanwhile, Crude oil for delivery in December fell 1.67% or 1.47 to hit $86.43 a barrel, while the January Brent oil contract fell 1.50% or 1.41 to trade at $92.36 a barrel.

USD/INR was up 0.71% to 82.85, while EUR/INR rose 0.39% to 82.28.

The US Dollar Index Futures was up 0.43% at 111.08.

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