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India shares higher at close of trade; Nifty 50 up 0.50%

Published 21/01/2019, 10:45
© Reuters.  India shares higher at close of trade; Nifty 50 up 0.50%
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Investing.com – India equities were higher at the close on Monday, as gains in the Oil & Gas, IT and Technology sectors propelled shares higher.

At the close in NSE, the Nifty 50 gained 0.50% to hit a new 1-month high, while the BSE Sensex 30 index climbed 0.53%.

The biggest gainers of the session on the Nifty 50 were Reliance Industries Ltd (NS:RELI), which rose 4.28% or 50.65 points to trade at 1237.70 at the close. Kotak Mahindra Bank Ltd. (NS:KTKM) added 2.73% or 33.80 points to end at 1267.60 and Bajaj Finserv Ltd (NS:BJFS) was up 2.08% or 130.10 points to 6384.55 in late trade.

Biggest losers included Hero MotoCorp Ltd (NS:HROM), which lost 3.99% or 115.75 points to trade at 2794.25 in late trade. Yes Bank Ltd (NS:YESB) declined 3.73% or 7.40 points to end at 191.95 and Wipro Ltd (NS:WIPR) shed 2.80% or 9.70 points to 337.80.

The top performers on the BSE Sensex 30 were Reliance Industries Ltd (BO:RELI) which rose 4.36% to 1234.50, Kotak Mahindra Bank Ltd. (BO:KTKM) which was up 2.42% to settle at 1267.30 and Sun Pharmaceutical Industries Ltd. (BO:SUN) which gained 1.94% to close at 398.35.

The worst performers were Hero MotoCorp Ltd (BO:HROM) which was down 3.40% to 2794.50 in late trade, Yes Bank Ltd (BO:YESB) which lost 3.10% to settle at 192.10 and Maruti Suzuki India Ltd. (BO:MRTI) which was down 2.07% to 7200.95 at the close.

Declining stocks outnumbered rising ones by 1126 to 467 and 64 ended unchanged; on the Bombay Stock Exchange, 1624 fell and 901 advanced, while 146 ended unchanged on the India National Stock Exchange.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 9.21% to 18.1475 a new 1-month high.

In commodities trading, Gold Futures for February delivery was down 0.35% or 4.45 to $1278.15 a troy ounce. Meanwhile, Crude oil for delivery in March fell 0.17% or 0.09 to hit $54.10 a barrel, while the March Brent oil contract fell 0.10% or 0.06 to trade at $62.64 a barrel.

USD/INR was down 0.05% to 71.220, while EUR/INR rose 0.10% to 81.0295.

The US Dollar Index Futures was down 0.04% at 95.958.

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