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India shares higher at close of trade; Nifty 50 up 0.38%

Published 23/10/2017, 09:45 pm
© Reuters.  India shares higher at close of trade; Nifty 50 up 0.38%
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Investing.com – India equities were higher at the close on Monday, as gains in the Technology, Real Estate and IT sectors propelled shares higher.

At the close in NSE, the Nifty 50 added 0.38%, while the BSE Sensex 30 index climbed 0.36%.

The biggest gainers of the session on the Nifty 50 were Bharti Airtel Ltd. (NS:BRTI), which rose 4.98% or 23.60 points to trade at 497.35 at the close. UltraTech Cement Ltd (NS:ULTC) added 4.23% or 170.70 points to end at 4205.05 and Reliance Industries Ltd (NS:RELI) was up 3.32% or 30.20 points to 940.10 in late trade.

Biggest losers included Cipla Ltd. (NS:CIPL), which lost 2.45% or 14.90 points to trade at 592.90 in late trade. Bharti Infratel Ltd (NS:BHRI) declined 2.44% or 11.25 points to end at 449.00 and AXIS Bank Ltd (NS:AXBK) shed 2.25% or 10.35 points to 449.95.

The top performers on the BSE Sensex 30 were Bharti Airtel Ltd (BO:BRTI) which rose 4.99% to 497.50, Reliance Industries Ltd (BO:RELI) which was up 3.05% to settle at 938.10 and ICICI Bank Ltd (BO:ICBK) which gained 1.82% to close at 262.55.

The worst performers were Cipla Ltd. (BO:CIPL) which was down 2.38% to 593.70 in late trade, AXIS Bank Ltd. (BO:AXBK) which lost 2.27% to settle at 449.90 and Housing Development Finance Corporation Ltd (BO:HDFC) which was down 1.52% to 1720.90 at the close.

Declining stocks outnumbered rising ones by 822 to 763 and 13 ended unchanged; on the Bombay Stock Exchange, 1383 fell and 1253 advanced, while 115 ended unchanged on the India National Stock Exchange.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 0.56% to 12.3250.

In commodities trading, Gold Futures for December delivery was down 0.28% or 3.55 to $1276.95 a troy ounce. Meanwhile, Crude oil for delivery in December rose 0.08% or 0.04 to hit $51.88 a barrel, while the December Brent oil contract fell 0.21% or 0.12 to trade at $57.63 a barrel.

USD/INR was down 0.18% to 65.000, while EUR/INR fell 0.33% to 76.3598.

The US Dollar Index Futures was up 0.29% at 93.84.

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