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

Published 2022/03/22, 12:45
© Reuters.  India shares higher at close of trade; Nifty 50 up 1.16%

Investing.com – 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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