India shares higher at close of trade; Nifty 50 up 2.63%

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India shares higher at close of trade; Nifty 50 up 2.63% – India equities were higher at the close on Tuesday, as gains in the Metals , Oil & Gas and Capital Goods sectors propelled shares higher.

At the close in NSE, the Nifty 50 rose 2.63%, while the BSE Sensex 30 index climbed 2.54%.

The biggest gainers of the session on the Nifty 50 were Hindalco Industries Ltd. (NS: HALC ), which rose 9.58% or 37.45 points to trade at 428.40 at the close. Tata Steel Ltd (NS: TISC ) added 7.72% or 85.20 points to end at 1,188.70 and Coal India Ltd (NS: COAL ) was up 7.48% or 12.85 points to 184.55 in late trade.

Biggest losers included Tata Consumer Products Ltd (NS: TACN ), which lost 0.17% or 1.25 points to trade at 734.25 in late trade. Dr. Reddy’s Laboratories Ltd (NS: REDY ) added 0.40% or 15.60 points to end at 3,904.00 and Shree Cements Ltd. (NS: SHCM ) gained 0.54% or 119.15 points to 22,100.00.

The top performers on the BSE Sensex 30 were Tata Steel Ltd (BO: TISC ) which rose 7.62% to 1,188.35, Reliance Industries Ltd (BO: RELI ) which was up 4.26% to settle at 2,530.70 and ITC Ltd (BO: ITC ) which gained 4.15% to close at 264.60.

The worst performers were Nestle India Ltd (BO: NEST ) which was up 0.59% to 16,314.60 in late trade, HDFC Bank Ltd (BO: HDBK ) which gained 0.69% to settle at 1,314.05 and Sun Pharmaceutical Industries Ltd. (BO: SUN ) which was up 0.71% to 892.05 at the close.

Advancing stocks outnumbered falling ones by 1605 to 241 and 25 ended unchanged; on the Bombay Stock Exchange, 2527 rose and 699 declined, while 121 ended unchanged on the India National Stock Exchange.

The India VIX , which measures the implied volatility of Nifty 50 options, was down 7.28% to 22.74.

In commodities trading, Gold Futures for June delivery was up 0.76% or 13.83 to $1,827.83 a troy ounce. Meanwhile, Crude oil for delivery in July rose 0.63% or 0.71 to hit $112.53 a barrel, while the July Brent oil contract rose 0.65% or 0.74 to trade at $114.98 a barrel.

USD/INR was down 0.44% to 77.47, while EUR/INR rose 0.38% to 81.47.

The US Dollar Index Futures was down 0.62% at 103.56.

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