India shares higher at close of trade; Nifty 50 up 2.89%

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India shares higher at close of trade; Nifty 50 up 2.89%
Credit: © Reuters.

Investing.com – India equities were higher at the close on Friday, as gains in the Real Estate , Metals and Capital Goods sectors propelled shares higher.

At the close in NSE, the Nifty 50 rose 2.89%, while the BSE Sensex 30 index gained 2.91%.

The biggest gainers of the session on the Nifty 50 were Dr. Reddy’s Laboratories Ltd (NS: REDY ), which rose 8.13% or 319.65 points to trade at 4,249.10 at the close. Reliance Industries Ltd (NS: RELI ) added 5.83% or 144.60 points to end at 2,624.45 and JSW Steel Ltd (NS: JSTL ) was up 5.15% or 30.90 points to 631.10 in late trade.

Biggest losers included Shree Cements Ltd. (NS: SHCM ), which lost 0.97% or 215.15 points to trade at 22,001.20 in late trade. UPL Ltd (NS: UPLL ) declined 0.71% or 5.75 points to end at 808.25 and Power Grid Corporation of India Ltd (NS: PGRD ) gained 0.53% or 1.20 points to 229.50.

The top performers on the BSE Sensex 30 were Dr. Reddy’s Laboratories Ltd (BO: REDY ) which rose 8.10% to 4,246.30, Reliance Industries Ltd (BO: RELI ) which was up 5.77% to settle at 2,622.15 and Nestle India Ltd (BO: NEST ) which gained 4.74% to close at 16,863.85.

The worst performers were Power Grid Corporation of India Ltd (BO: PGRD ) which was up 0.24% to 229.05 in late trade, Tata Consultancy Services Ltd. (BO: TCS ) which gained 0.71% to settle at 3,293.90 and NTPC Ltd (BO: NTPC ) which was up 0.91% to 149.50 at the close.

Advancing stocks outnumbered falling ones by 1530 to 318 and 32 ended unchanged; on the Bombay Stock Exchange, 2425 rose and 813 declined, while 114 ended unchanged on the India National Stock Exchange.

The India VIX , which measures the implied volatility of Nifty 50 options, was down 5.94% to 23.10.

In commodities trading, Gold Futures for June delivery was up 0.09% or 1.58 to $1,842.78 a troy ounce. Meanwhile, Crude oil for delivery in July rose 0.10% or 0.11 to hit $110.00 a barrel, while the July Brent oil contract rose 0.33% or 0.37 to trade at $112.41 a barrel.

USD/INR was up 0.16% to 77.56, while EUR/INR rose 0.24% to 82.14.

The US Dollar Index Futures was up 0.11% at 102.86.

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