India shares higher at close of trade; Nifty 50 up 1.10%

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India shares higher at close of trade; Nifty 50 up 1.10% – India equities were higher at the close on Wednesday, as gains in the Real Estate , Capital Goods and Auto sectors propelled shares higher.

At the close in NSE, the Nifty 50 gained 1.10%, while the BSE Sensex 30 index added 1.09%.

The biggest gainers of the session on the Nifty 50 were Hindalco Industries Ltd. (NS: HALC ), which rose 4.02% or 17.90 points to trade at 463.35 at the close. Tata Motors Ltd (NS: TAMO ) added 3.73% or 16.90 points to end at 470.50 and Divi's Laboratories Ltd. (NS: DIVI ) was up 3.58% or 157.80 points to 4563.50 in late trade.

Biggest losers included Power Grid Corporation of India Ltd (NS: PGRD ), which lost 1.01% or 2.05 points to trade at 201.55 in late trade. SBI Life Insurance Company Ltd (NS: SBIL ) declined 0.96% or 10.95 points to end at 1124.30 and Wipro Ltd (NS: WIPR ) shed 0.75% or 5.15 points to 685.65.

The top performers on the BSE Sensex 30 were Bajaj Finance Ltd (BO: BJFN ) which rose 2.94% to 6773.00, Bharti Airtel Ltd (BO: BRTI ) which was up 2.67% to settle at 684.85 and Sun Pharmaceutical Industries Ltd. (BO: SUN ) which gained 2.42% to close at 797.10.

The worst performers were Power Grid Corporation of India Ltd (BO: PGRD ) which was down 1.03% to 201.55 in late trade, Wipro Ltd (BO: WIPR ) which lost 0.77% to settle at 685.40 and ITC Ltd (BO: ITC ) which was down 0.24% to 212.05 at the close.

Advancing stocks outnumbered falling ones by 1400 to 393 and 22 ended unchanged; on the Bombay Stock Exchange, 2352 rose and 887 declined, while 103 ended unchanged on the India National Stock Exchange.

The India VIX , which measures the implied volatility of Nifty 50 options, was down 5.46% to 16.5800.

In commodities trading, Gold Futures for February delivery was up 0.16% or 2.95 to $1791.65 a troy ounce. Meanwhile, Crude oil for delivery in February rose 0.38% or 0.27 to hit $71.39 a barrel, while the March Brent oil contract rose 0.22% or 0.16 to trade at $74.12 a barrel.

USD/INR was down 0.24% to 75.509, while EUR/INR fell 0.11% to 85.3070.

The US Dollar Index Futures was down 0.13% at 96.360.

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