India shares higher at close of trade; Nifty 50 up 1.18%

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India shares higher at close of trade; Nifty 50 up 1.18%
Credit: © Reuters.

Investing.com – India equities were higher at the close on Friday, as gains in the Public Sector Undertakings , Power and Oil & Gas sectors propelled shares higher.

At the close in NSE, the Nifty 50 added 1.18% to hit a new 1-month high, while the BSE Sensex 30 index climbed 1.21%.

The biggest gainers of the session on the Nifty 50 were NTPC Ltd (NS: NTPC ), which rose 5.78% or 7.80 points to trade at 142.80 at the close. Bharat Petroleum Corp. Ltd. (NS: BPCL ) added 4.19% or 15.05 points to end at 374.40 and Power Grid Corporation of India Ltd (NS: PGRD ) was up 3.81% or 8.25 points to 225.05 in late trade.

Biggest losers included Hero MotoCorp Ltd (NS: HROM ), which lost 2.35% or 54.00 points to trade at 2,240.15 in late trade. Tech Mahindra Ltd (NS: TEML ) declined 0.82% or 12.35 points to end at 1,487.10 and Sun Pharmaceutical Industries Ltd. (NS: SUN ) shed 0.66% or 6.05 points to 908.70.

The top performers on the BSE Sensex 30 were NTPC Ltd (BO: NTPC ) which rose 5.93% to 142.95, Power Grid Corporation of India Ltd (BO: PGRD ) which was up 3.74% to settle at 224.95 and IndusInd Bank Ltd. (BO: INBK ) which gained 3.20% to close at 965.00.

The worst performers were Tech Mahindra Ltd (BO: TEML ) which was down 0.80% to 1,487.35 in late trade, Sun Pharmaceutical Industries Ltd. (BO: SUN ) which lost 0.72% to settle at 908.25 and Dr. Reddy’s Laboratories Ltd (BO: REDY ) which was down 0.59% to 4,280.05 at the close.

Advancing stocks outnumbered falling ones by 1581 to 252 and 19 ended unchanged; on the Bombay Stock Exchange, 2632 rose and 647 declined, while 101 ended unchanged on the India National Stock Exchange.

The India VIX , which measures the implied volatility of Nifty 50 options, was down 10.34% to 18.43 a new 1-month low.

In commodities trading, Gold Futures for April delivery was down 0.83% or 16.10 to $1,933.10 a troy ounce. Meanwhile, Crude oil for delivery in May rose 0.11% or 0.11 to hit $100.39 a barrel, while the June Brent oil contract rose 0.42% or 0.44 to trade at $105.15 a barrel.

USD/INR was up 0.10% to 75.99, while EUR/INR rose 0.05% to 84.03.

The US Dollar Index Futures was up 0.11% at 98.47.

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