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India shares higher at close of trade; Nifty 50 up 3.05%

Published 17/04/2020, 11:45
© Reuters.  India shares higher at close of trade; Nifty 50 up 3.05%
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Investing.com – India equities were higher at the close on Friday, as gains in the Banking, Auto and Real Estate sectors propelled shares higher.

At the close in NSE, the Nifty 50 rose 3.05% to hit a new 1-month high, while the BSE Sensex 30 index gained 3.22%.

The biggest gainers of the session on the Nifty 50 were AXIS Bank Ltd (NS:AXBK), which rose 13.93% or 58.85 points to trade at 481.40 at the close. Eicher Motors Ltd. (NS:EICH) added 9.94% or 1328.65 points to end at 14700.00 and ICICI Bank Ltd (NS:ICBK) was up 9.65% or 33.00 points to 375.00 in late trade.

Biggest losers included Nestle India Ltd (NS:NEST), which lost 2.90% or 519.10 points to trade at 17376.15 in late trade. Hindustan Unilever Ltd. (NS:HLL) declined 2.02% or 49.10 points to end at 2387.00 and Bharti Infratel Ltd (NS:BHRI) shed 1.92% or 3.30 points to 168.20.

The top performers on the BSE Sensex 30 were AXIS Bank Ltd. (BO:AXBK) which rose 13.45% to 480.05, ICICI Bank Ltd (BO:ICBK) which was up 9.89% to settle at 375.95 and IndusInd Bank Ltd. (BO:INBK) which gained 9.13% to close at 474.70.

The worst performers were Nestle India Ltd (BO:NEST) which was down 2.71% to 17399.95 in late trade, Hindustan Unilever Ltd. (BO:HLL) which lost 2.14% to settle at 2384.45 and Tech Mahindra Ltd (BO:TEML) which was down 1.43% to 510.50 at the close.

Advancing stocks outnumbered falling ones by 1199 to 323 and 85 ended unchanged; on the Bombay Stock Exchange, 1644 rose and 660 declined, while 160 ended unchanged on the India National Stock Exchange.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 7.60% to 42.5925 a new 1-month low.

In commodities trading, Gold Futures for June delivery was down 1.84% or 31.90 to $1699.80 a troy ounce. Meanwhile, Crude oil for delivery in May fell 5.54% or 1.10 to hit $18.77 a barrel, while the June Brent oil contract rose 2.19% or 0.61 to trade at $28.43 a barrel.

USD/INR was down 0.40% to 76.481, while EUR/INR fell 0.49% to 82.7975.

The US Dollar Index Futures was up 0.10% at 100.200.

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