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India shares higher at close of trade; Nifty 50 up 0.29%

Published 01/12/2022, 10:45
Updated 01/12/2022, 10:45
© Reuters India shares higher at close of trade; Nifty 50 up 0.29%

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

At the close in NSE, the Nifty 50 added 0.29% to hit a new all time high, while the BSE Sensex 30 index gained 0.29%.

The biggest gainers of the session on the Nifty 50 were Tata Steel Ltd (NS:TISC), which rose 2.88% or 3.10 points to trade at 110.75 at the close. Hindalco Industries Ltd. (NS:HALC) added 2.82% or 12.70 points to end at 463.40 and UltraTech Cement Ltd (NS:ULTC) was up 2.78% or 197.00 points to 7,274.00 in late trade.

Biggest losers included UPL Ltd (NS:UPLL), which lost 1.37% or 10.85 points to trade at 778.85 in late trade. Eicher Motors Ltd. (NS:EICH) declined 1.35% or 47.05 points to end at 3,437.45 and ICICI Bank Ltd (NS:ICBK) shed 1.33% or 12.70 points to 940.20.

The top performers on the BSE Sensex 30 were UltraTech Cement Ltd (BO:ULTC) which rose 2.86% to 7,279.10, Tata Steel Ltd (BO:TISC) which was up 2.79% to settle at 110.70 and Tata Consultancy Services Ltd. (BO:TCS) which gained 2.44% to close at 3,475.10.

The worst performers were ICICI Bank Ltd (BO:ICBK) which was down 1.41% to 939.95 in late trade, Mahindra & Mahindra Ltd. (BO:MAHM) which lost 1.06% to settle at 1,293.35 and Power Grid Corporation of India Ltd (BO:PGRD) which was down 0.94% to 221.90 at the close.

Advancing stocks outnumbered falling ones by 1132 to 766 and 57 ended unchanged; on the Bombay Stock Exchange, 1982 rose and 1378 declined, while 147 ended unchanged on the India National Stock Exchange.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 3.24% to 13.36 a new 52-week low.

In commodities trading, Gold Futures for February delivery was up 1.76% or 31.05 to $1,790.95 a troy ounce. Meanwhile, Crude oil for delivery in January rose 0.76% or 0.61 to hit $81.16 a barrel, while the February Brent oil contract rose 0.71% or 0.62 to trade at $87.59 a barrel.

USD/INR was down 0.14% to 81.25, while EUR/INR rose 0.08% to 84.72.

The US Dollar Index Futures was down 0.31% at 105.57.

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