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India shares higher at close of trade; Nifty 50 up 0.77%

Published 17/12/2018, 09:45 pm
© Reuters.  India shares higher at close of trade; Nifty 50 up 0.77%
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Investing.com – India equities were higher at the close on Monday, as gains in the Metals, Oil & Gas and Power sectors propelled shares higher.

At the close in NSE, the Nifty 50 added 0.77% to hit a new 1-month high, while the BSE Sensex 30 index added 0.85%.

The biggest gainers of the session on the Nifty 50 were Tata Motors Ltd (NS:TAMO), which rose 4.52% or 7.55 points to trade at 173.95 at the close. Power Grid Corporation of India Ltd (NS:PGRD) added 3.69% or 6.85 points to end at 192.55 and Housing Development Finance Corporation Ltd (NS:HDFC) was up 3.09% or 58.90 points to 1960.35 in late trade.

Biggest losers included Kotak Mahindra Bank Ltd. (NS:KTKM), which lost 2.70% or 33.95 points to trade at 1222.45 in late trade. Infosys Ltd (NS:INFY) declined 1.88% or 13.30 points to end at 694.40 and Bajaj Finserv Ltd (NS:BJFS) shed 1.42% or 87.90 points to 6087.80.

The top performers on the BSE Sensex 30 were Tata Motors Ltd DVR (BO:TAMdv) which rose 4.42% to 95.70, Tata Motors Ltd (BO:TAMO) which was up 4.10% to settle at 173.75 and Power Grid Corporation of India Ltd (BO:PGRD) which gained 3.77% to close at 192.50.

The worst performers were Kotak Mahindra Bank Ltd. (BO:KTKM) which was down 2.50% to 1223.90 in late trade, Infosys Ltd (BO:INFY) which lost 1.71% to settle at 693.55 and Bharti Airtel Ltd (BO:BRTI) which was down 1.30% to 314.65 at the close.

Advancing stocks outnumbered falling ones by 897 to 679 and 74 ended unchanged; on the Bombay Stock Exchange, 1338 rose and 1180 declined, while 145 ended unchanged on the India National Stock Exchange.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 4.07% to 14.5400 a new 1-month low.

In commodities trading, Gold Futures for February delivery was up 0.17% or 2.15 to $1243.55 a troy ounce. Meanwhile, Crude oil for delivery in February rose 1.09% or 0.56 to hit $52.03 a barrel, while the February Brent oil contract rose 1.24% or 0.75 to trade at $61.03 a barrel.

USD/INR was down 0.63% to 71.525, while EUR/INR fell 0.22% to 81.1775.

The US Dollar Index Futures was down 0.21% at 96.710.

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