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India shares higher at close of trade; Nifty 50 up 0.67%

Published 01/12/2023, 09:30 pm
© Reuters.  India shares higher at close of trade; Nifty 50 up 0.67%

Investing.com – India equities were higher at the close on Friday, as gains in the Public Sector Undertakings, Power and Fast Moving Consumer Goods sectors propelled shares higher.

At the close in NSE, the Nifty 50 gained 0.67% to hit a new all time high, while the BSE Sensex 30 index gained 0.74%.

The biggest gainers of the session on the Nifty 50 were ITC Ltd (NS:ITC), which rose 3.21% or 14.00 points to trade at 449.80 at the close. NTPC Ltd (NS:NTPC) added 2.93% or 7.65 points to end at 268.95 and Axis Bank Ltd (NS:AXBK) was up 2.83% or 30.40 points to 1,104.65 in late trade.

Biggest losers included Mahindra & Mahindra Ltd. (NS:MAHM), which lost 1.35% or 22.25 points to trade at 1,625.50 in late trade. Wipro Ltd (NS:WIPR) declined 1.31% or 5.40 points to end at 407.65 and Hero MotoCorp Ltd (NS:HROM) shed 1.28% or 49.05 points to 3,770.00.

The top performers on the BSE Sensex 30 were ITC Ltd (BO:ITC) which rose 3.28% to 449.90, NTPC Ltd (BO:NTPC) which was up 2.97% to settle at 269.05 and Axis Bank Ltd. (BO:AXBK) which gained 2.71% to close at 1,103.80.

The worst performers were Mahindra & Mahindra Ltd. (BO:MAHM) which was down 1.58% to 1,621.65 in late trade, Wipro Ltd (BO:WIPR) which lost 1.34% to settle at 407.70 and Dr. Reddy’s Laboratories Ltd (BO:REDY) which was down 0.83% to 5,739.80 at the close.

Advancing stocks outnumbered falling ones by 1139 to 949 and 57 ended unchanged; on the Bombay Stock Exchange, 2025 rose and 1584 declined, while 128 ended unchanged on the India National Stock Exchange.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 2.42% to 12.38.

In commodities trading, Gold Futures for December delivery was up 0.47% or 9.60 to $2,047.70 a troy ounce. Meanwhile, Crude oil for delivery in January rose 0.39% or 0.30 to hit $76.26 a barrel, while the February Brent oil contract rose 0.28% or 0.23 to trade at $81.09 a barrel.

USD/INR was down 0.14% to 83.31, while EUR/INR rose 0.03% to 90.80.

The US Dollar Index Futures was down 0.16% at 103.26.

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