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

Published 2022/05/17, 12:45
© Reuters India shares higher at close of trade; Nifty 50 up 2.63%
NSEI
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COAL
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REDY
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HDBK
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HALC
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RELI
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SHCM
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NEST
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Investing.com – 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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