India shares higher at close of trade; Nifty 50 up 1.56%

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India shares higher at close of trade; Nifty 50 up 1.56% – India equities were higher at the close on Tuesday, as gains in the Metals , Real Estate and Banking sectors propelled shares higher.

At the close in NSE, the Nifty 50 rose 1.56%, while the BSE Sensex 30 index gained 1.56%.

The biggest gainers of the session on the Nifty 50 were Hindalco Industries Ltd. (NS: HALC ), which rose 5.02% or 21.15 points to trade at 442.50 at the close. Tata Steel Ltd (NS: TISC ) added 3.61% or 40.00 points to end at 1148.80 and AXIS Bank Ltd (NS: AXBK ) was up 3.60% or 23.90 points to 687.00 in late trade.

Biggest losers included Cipla Ltd. (NS: CIPL ), which lost 0.64% or 5.70 points to trade at 889.25 in late trade. Britannia Industries Ltd (NS: BRIT ) declined 0.58% or 20.20 points to end at 3476.00 and Divi's Laboratories Ltd. (NS: DIVI ) shed 0.47% or 22.00 points to 4624.80.

The top performers on the BSE Sensex 30 were Tata Steel Ltd (BO: TISC ) which rose 3.63% to 1149.35, AXIS Bank Ltd. (BO: AXBK ) which was up 3.60% to settle at 687.20 and ICICI Bank Ltd (BO: ICBK ) which gained 3.46% to close at 734.65.

The worst performers were Asian Paints Ltd. (BO: ASPN ) which was down 0.22% to 3031.30 in late trade, Bharti Airtel Ltd (BO: BRTI ) which gained 0.27% to settle at 698.95 and Dr. Reddy’s Laboratories Ltd (BO: REDY ) which was up 0.56% to 4528.50 at the close.

Advancing stocks outnumbered falling ones by 1374 to 386 and 52 ended unchanged; on the Bombay Stock Exchange, 2261 rose and 923 declined, while 116 ended unchanged on the India National Stock Exchange.

The India VIX , which measures the implied volatility of Nifty 50 options, was down 8.06% to 18.4600.

In commodities trading, Gold Futures for February delivery was up 0.07% or 1.20 to $1780.70 a troy ounce. Meanwhile, Crude oil for delivery in January rose 3.15% or 2.19 to hit $71.68 a barrel, while the February Brent oil contract rose 2.68% or 1.96 to trade at $75.04 a barrel.

USD/INR was up 0.06% to 75.437, while EUR/INR fell 0.11% to 84.9840.

The US Dollar Index Futures was up 0.03% at 96.360.

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