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India shares higher at close of trade; Nifty 50 up 1.59%

Published 25/05/2017, 11:45
© Reuters.  India shares higher at close of trade; Nifty 50 up 1.59%
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Investing.com – India equities were higher at the close on Thursday, as gains in the Capital Goods, Banking and IT sectors propelled shares higher.

At the close in NSE, the Nifty 50 rose 1.59%, while the BSE Sensex 30 index gained 1.48%.

The biggest gainers of the session on the Nifty 50 were Larsen & Toubro Limited (NS:LART), which rose 5.01% or 84.40 points to trade at 1768.85 at the close. ICICI Bank Ltd (NS:ICBK) added 3.59% or 11.00 points to end at 317.70 and IndusInd Bank Ltd. (NS:INBK) was up 3.24% or 45.85 points to 1461.60 in late trade.

Biggest losers included Lupin Ltd (NS:LUPN), which lost 7.19% or 88.30 points to trade at 1140.20 in late trade. Dr. Reddy’s Laboratories Ltd (NS:REDY) declined 3.54% or 89.10 points to end at 2427.70 and Cipla Ltd. (NS:CIPL) shed 3.01% or 15.65 points to 504.00.

The top performers on the BSE Sensex 30 were Larsen & Toubro Limited (BO:LART) which rose 4.97% to 1768.70, ICICI Bank Ltd (BO:ICBK) which was up 3.52% to settle at 317.60 and HDFC Bank Ltd (BO:HDBK) which gained 3.04% to close at 1617.15.

The worst performers were Lupin Ltd (BO:LUPN) which was down 7.31% to 1137.95 in late trade, Dr. Reddy’s Laboratories Ltd (BO:REDY) which lost 3.70% to settle at 2427.30 and Cipla Ltd. (BO:CIPL) which was down 3.12% to 504.10 at the close.

Advancing stocks outnumbered falling ones by 1175 to 386 and 9 ended unchanged; on the Bombay Stock Exchange, 1836 rose and 782 declined, while 132 ended unchanged on the India National Stock Exchange.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 11.69% to 10.4475 a new all time low.

In commodities trading, Gold Futures for June delivery was up 0.25% or 3.16 to $1256.26 a troy ounce. Meanwhile, Crude oil for delivery in July fell 1.95% or 1.00 to hit $50.36 a barrel, while the July Brent oil contract fell 1.74% or 0.94 to trade at $53.02 a barrel.

USD/INR was down 0.10% to 64.621, while EUR/INR fell 0.33% to 72.4279.

The US Dollar Index Futures was up 0.13% at 97.08.

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