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India shares higher at close of trade; Nifty 50 up 0.79%

Published 04/08/2021, 11:45
Updated 04/08/2021, 11:45
© Reuters.  India shares higher at close of trade; Nifty 50 up 0.79%

Investing.com – India equities were higher at the close on Wednesday, as gains in the Banking, Carbon and Public Sector Undertakings sectors propelled shares higher.

At the close in NSE, the Nifty 50 gained 0.79% to hit a new all time high, while the BSE Sensex 30 index gained 1.02%.

The biggest gainers of the session on the Nifty 50 were Housing Development Finance Corporation Ltd (NS:HDFC), which rose 4.75% or 121.40 points to trade at 2676.05 at the close. Kotak Mahindra Bank Ltd. (NS:KTKM) added 3.81% or 64.30 points to end at 1749.95 and ICICI Bank Ltd (NS:ICBK) was up 3.51% or 24.25 points to 714.65 in late trade.

Biggest losers included Grasim Industries Ltd (NS:GRAS), which lost 2.47% or 39.40 points to trade at 1553.00 in late trade. Titan Company Ltd (NS:TITN) declined 2.21% or 40.60 points to end at 1799.60 and Tata Motors Ltd (NS:TAMO) shed 1.83% or 5.55 points to 298.15.

The top performers on the BSE Sensex 30 were Housing Development Finance Corporation Ltd (BO:HDFC) which rose 4.77% to 2675.75, Kotak Mahindra Bank Ltd. (BO:KTKM) which was up 3.74% to settle at 1749.80 and ICICI Bank Ltd (BO:ICBK) which gained 3.58% to close at 714.75.

The worst performers were Titan Company Ltd (BO:TITN) which was down 2.14% to 1799.80 in late trade, Nestle India Ltd (BO:NEST) which lost 1.39% to settle at 18032.90 and UltraTech Cement Ltd (BO:ULTC) which was down 1.19% to 7754.95 at the close.

Declining stocks outnumbered rising ones by 1255 to 465 and 20 ended unchanged; on the Bombay Stock Exchange, 2062 fell and 1035 advanced, while 104 ended unchanged on the India National Stock Exchange.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 3.89% to 13.2125.

In commodities trading, Gold Futures for December delivery was up 0.15% or 2.75 to $1816.85 a troy ounce. Meanwhile, Crude oil for delivery in September fell 0.47% or 0.33 to hit $70.23 a barrel, while the October Brent oil contract fell 0.22% or 0.16 to trade at $72.25 a barrel.

USD/INR was down 0.12% to 74.158, while EUR/INR fell 0.16% to 87.9140.

The US Dollar Index Futures was up 0.04% at 92.123.

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