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India shares higher at close of trade; Nifty 50 up 1.00%

Published 30/03/2022, 11:45
Updated 30/03/2022, 11:45
© Reuters.  India shares higher at close of trade; Nifty 50 up 1.00%

Investing.com – India equities were higher at the close on Wednesday, as gains in the Real Estate, Banking and Auto sectors propelled shares higher.

At the close in NSE, the Nifty 50 gained 1.00% to hit a new 1-month high, while the BSE Sensex 30 index climbed 1.28%.

The biggest gainers of the session on the Nifty 50 were HDFC Life Insurance Company Ltd (NS:HDFL), which rose 3.50% or 18.30 points to trade at 541.30 at the close. Bajaj Finserv Ltd (NS:BJFS) added 3.29% or 543.35 points to end at 17,045.05 and Tata Consumer Products Ltd (NS:TACN) was up 3.05% or 22.65 points to 765.85 in late trade.

Biggest losers included Oil And Natural Gas Corporation Ltd (NS:ONGC), which lost 5.26% or 9.00 points to trade at 162.00 in late trade. Hindalco Industries Ltd. (NS:HALC) declined 4.99% or 31.50 points to end at 599.80 and JSW Steel Ltd (NS:JSTL) shed 4.82% or 36.35 points to 717.55.

The top performers on the BSE Sensex 30 were Bajaj Finserv Ltd (BO:BJFS) which rose 3.82% to 17,127.50, Bajaj Finance Ltd (BO:BJFN) which was up 3.09% to settle at 7,254.00 and Mahindra & Mahindra Ltd. (BO:MAHM) which gained 2.81% to close at 794.95.

The worst performers were ITC Ltd (BO:ITC) which was down 2.16% to 249.15 in late trade, Tata Steel Ltd (BO:TISC) which lost 1.98% to settle at 1,307.95 and Tech Mahindra Ltd (BO:TEML) which was down 1.69% to 1,496.15 at the close.

Advancing stocks outnumbered falling ones by 1188 to 638 and 26 ended unchanged; on the Bombay Stock Exchange, 2032 rose and 1255 declined, while 102 ended unchanged on the India National Stock Exchange.

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The India VIX, which measures the implied volatility of Nifty 50 options, was down 3.25% to 20.61 a new 1-month low.

In commodities trading, Gold Futures for April delivery was up 0.34% or 6.45 to $1,918.65 a troy ounce. Meanwhile, Crude oil for delivery in May rose 1.91% or 1.99 to hit $106.23 a barrel, while the June Brent oil contract rose 1.89% or 2.04 to trade at $109.75 a barrel.

USD/INR was up 0.37% to 75.97, while EUR/INR rose 0.77% to 84.50.

The US Dollar Index Futures was down 0.40% at 98.05.

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