India shares higher at close of trade; Nifty 50 up 1.61%

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India shares higher at close of trade; Nifty 50 up 1.61%
Credit: © Reuters. – India equities were higher at the close on Monday, as gains in the Banking , Power and Metals sectors propelled shares higher.

At the close in NSE, the Nifty 50 rose 1.61% to hit a new all time high, while the BSE Sensex 30 index gained 1.68%.

The biggest gainers of the session on the Nifty 50 were Bharti Airtel Ltd. (NS: BRTI ), which rose 5.13% or 23.10 points to trade at 473.00 at the close. IndusInd Bank Ltd. (NS: INBK ) added 4.93% or 36.40 points to end at 775.05 and ICICI Bank Ltd (NS: ICBK ) was up 4.86% or 21.50 points to 464.30 in late trade.

Biggest losers included Cipla Ltd. (NS: CIPL ), which lost 2.91% or 22.95 points to trade at 767.00 in late trade. Adani Port and Special Economic Zone Ltd (NS: APSE ) declined 1.12% or 4.15 points to end at 366.95 and Zee Entertainment Enterprises Ltd. (NS: ZEE ) shed 0.67% or 1.30 points to 191.80.

The top performers on the BSE Sensex 30 were Bharti Airtel Ltd (BO: BRTI ) which rose 4.92% to 471.90, IndusInd Bank Ltd. (BO: INBK ) which was up 4.83% to settle at 774.40 and ICICI Bank Ltd (BO: ICBK ) which gained 4.42% to close at 462.70.

The worst performers were Maruti Suzuki India Ltd. (BO: MRTI ) which was down 0.63% to 6862.00 in late trade, ITC Ltd (BO: ITC ) which lost 0.55% to settle at 173.00 and Bajaj Finserv Ltd (BO: BJFS ) which was down 0.07% to 6276.20 at the close.

Advancing stocks outnumbered falling ones by 942 to 664 and 95 ended unchanged; on the Bombay Stock Exchange, 1443 rose and 1159 declined, while 184 ended unchanged on the India National Stock Exchange.

The India VIX , which measures the implied volatility of Nifty 50 options, was down 1.88% to 20.1125 a new 1-month low.

In commodities trading, Gold Futures for December delivery was up 0.40% or 7.85 to $1959.55 a troy ounce. Meanwhile, Crude oil for delivery in December rose 2.48% or 0.92 to hit $38.06 a barrel, while the January Brent oil contract rose 2.33% or 0.92 to trade at $40.37 a barrel.

USD/INR was up 0.17% to 74.101, while EUR/INR rose 0.14% to 87.9835.

The US Dollar Index Futures was up 0.11% at 92.323.

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