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India shares higher at close of trade; Nifty 50 up 1.54%

Published 11/04/2016, 11:45
© Reuters.  India shares higher at close of trade; Nifty 50 up 1.54%
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Investing.com – India equities were higher at the close on Monday, as gains in the Technology, Power and Auto sectors propelled shares higher.

At the close in NSE, the Nifty 50 gained 1.54%, while the BSE Sensex 30 index climbed 1.41%.

The biggest gainers of the session on the Nifty 50 were Idea Cellular Ltd (NS:IDEA), which rose 5.64% or 6.15 points to trade at 115.20 at the close. Bosch Ltd (NS:BOSH) added 5.22% or 990.95 points to end at 19984.30 and Hindalco Industries Ltd. (NS:HALC) was up 5.13% or 4.50 points to 92.20 in late trade.

Biggest losers included Lupin Ltd (NS:LUPN), which lost 1.39% or 21.35 points to trade at 1518.75 in late trade. Ambuja Cements Ltd. (NS:ABUJ) declined 0.53% or 1.20 points to end at 224.55 and Cipla Ltd. (NS:CIPL) shed 0.46% or 2.30 points to 502.15.

The top performers on the BSE Sensex 30 were Hindalco Industries Ltd. (BO:HALC) which rose 5.12% to 92.35, Bharti Airtel Ltd (BO:BRTI) which was up 4.20% to settle at 348.35 and Bharat Heavy Electricals Ltd. (BO:BHEL) which gained 4.00% to close at 127.35.

The worst performers were Cipla Ltd. (BO:CIPL) which was down 0.58% to 502.60 in late trade, Dr. Reddy's Laboratories Ltd. (BO:REDY) which lost 0.24% to settle at 3028.60 and Mahindra & Mahindra Ltd. (BO:MAHM) which was down 0.04% to 1232.55 at the close.

Advancing stocks outnumbered falling ones by 839 to 565 and 70 ended unchanged; on the Bombay Stock Exchange, 527 rose and 306 declined, while 16 ended unchanged on the India National Stock Exchange.

The India Vix, which measures the implied volatility of Nifty 50 options, was down 2.56% to 16.0125 a new 3-month low.

In commodities trading, Gold for June delivery was up 0.59% or 7.40 to $1251.20 a troy ounce. Meanwhile, Crude oil for delivery in May fell 0.03% or 0.01 to hit $39.71 a barrel, while the June Brent oil contract rose 0.12% or 0.05 to trade at $41.99 a barrel.

USD/INR was down 0.19% to 66.425, while EUR/INR fell 0.23% to 75.6880.

The US Dollar Index was down 0.04% at 94.18.

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