India shares higher at close of trade; Nifty 50 up 1.16%

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India shares higher at close of trade; Nifty 50 up 1.16%
Credit: © Reuters. – India equities were higher at the close on Tuesday, as gains in the Oil & Gas , IT and Technology sectors propelled shares higher.

At the close in NSE, the Nifty 50 rose 1.16% to hit a new 1-month high, while the BSE Sensex 30 index gained 1.22%.

The biggest gainers of the session on the Nifty 50 were Tech Mahindra Ltd (NS: TEML ), which rose 3.95% or 58.40 points to trade at 1,538.20 at the close. Bharat Petroleum Corp. Ltd. (NS: BPCL ) added 3.14% or 11.20 points to end at 368.40 and Tata Motors Ltd (NS: TAMO ) was up 2.90% or 12.40 points to 440.35 in late trade.

Biggest losers included Hindustan Unilever Ltd. (NS: HLL ), which lost 2.81% or 57.70 points to trade at 1,993.50 in late trade. Nestle India Ltd (NS: NEST ) declined 2.65% or 474.45 points to end at 17,402.00 and Britannia Industries Ltd (NS: BRIT ) shed 2.44% or 79.15 points to 3,158.40.

The top performers on the BSE Sensex 30 were Tech Mahindra Ltd (BO: TEML ) which rose 3.83% to 1,538.45, Reliance Industries Ltd (BO: RELI ) which was up 2.59% to settle at 2,531.10 and Bajaj Finserv Ltd (BO: BJFS ) which gained 2.46% to close at 16,574.85.

The worst performers were Hindustan Unilever Ltd. (BO: HLL ) which was down 2.81% to 1,993.80 in late trade, Nestle India Ltd (BO: NEST ) which lost 2.49% to settle at 17,415.65 and NTPC Ltd (BO: NTPC ) which was down 0.08% to 132.85 at the close.

Declining stocks outnumbered rising ones by 981 to 832 and 48 ended unchanged; on the Bombay Stock Exchange, 1747 fell and 1553 advanced, while 101 ended unchanged on the India National Stock Exchange.

The India VIX , which measures the implied volatility of Nifty 50 options, was down 2.24% to 24.07.

In commodities trading, Gold Futures for April delivery was down 0.09% or 1.80 to $1,927.70 a troy ounce. Meanwhile, Crude oil for delivery in May fell 0.42% or 0.46 to hit $109.51 a barrel, while the May Brent oil contract fell 0.10% or 0.11 to trade at $115.51 a barrel.

USD/INR was down 0.16% to 76.17, while EUR/INR fell 0.28% to 83.78.

The US Dollar Index Futures was up 0.21% at 98.71.

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