India shares higher at close of trade; Nifty 50 up 0.48%

India shares higher at close of trade; Nifty 50 up 0.48%

 India equities were higher at the close on Wednesday, as gains in the Capital GoodsAuto and Power sectors propelled shares higher.

At the close in NSE, the Nifty 50 gained 0.48%, while the BSE Sensex 30 index added 0.56%.

The biggest gainers of the session on the Nifty 50 were Maruti Suzuki India Ltd. (NS:MRTI), which rose 3.22% or 349.90 points to trade at 11,208.30 at the close. Mahindra & Mahindra Ltd. (NS:MAHM) added 2.49% or 74.90 points to end at 3,082.00 and Larsen & Toubro Ltd (NS:LART) was up 1.66% or 59.85 points to 3,667.50 in late trade.

Biggest losers included Hindalco Industries Ltd. (NS:HALC), which lost 1.58% or 9.50 points to trade at 592.95 in late trade. Dr Reddy’s Laboratories Ltd (NS:REDY) declined 1.40% or 19.50 points to end at 1,369.00 and Adani Ports and Special Economic Zone Ltd (NS:APSE) shed 1.01% or 12.40 points to 1,218.70.

The top performers on the BSE Sensex 30 were Maruti Suzuki India Ltd. (BO:MRTI) which rose 3.02% to 11,195.00, Mahindra & Mahindra Ltd. (BO:MAHM) which was up 2.31% to settle at 3,076.45 and Larsen & Toubro Ltd (BO:LART) which gained 1.93% to close at 3,677.60.

The worst performers were Tata Steel Ltd (BO:TISC) which was down 0.80% to 137.00 in late trade, Wipro Ltd (BO:WIPR) which lost 0.40% to settle at 300.80 and HCL Technologies Ltd (BO:HCLT) which was down 0.34% to 1,911.80 at the close.

Advancing stocks outnumbered falling ones by 1828 to 694 and 133 ended unchanged; on the Bombay Stock Exchange, 2598 rose and 1205 declined, while 83 ended unchanged on the India National Stock Exchange.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 0.07% to 14.44.

In commodities trading, Gold Futures for February delivery was down 0.00% or 0.05 to $2,639.30 a troy ounce. Meanwhile, Crude oil for delivery in February fell 0.19% or 0.14 to hit $71.72 a barrel, while the March Brent oil contract rose 1.16% or 0.85 to trade at $74.42 a barrel.

USD/INR was up 0.33% to 85.79, while EUR/INR fell 0.38% to 88.97.

The US Dollar Index Futures was up 0.32% at 108.28.

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