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India shares higher at close of trade; Nifty 50 up 0.91%

Published 05/04/2023, 08:45 pm
© Reuters India shares higher at close of trade; Nifty 50 up 0.91%

Investing.com – India equities were higher at the close on Wednesday, as gains in the Capital Goods, Fast Moving Consumer Goods and IT sectors propelled shares higher.

At the close in NSE, the Nifty 50 added 0.91%, while the BSE Sensex 30 index gained 0.99%.

The biggest gainers of the session on the Nifty 50 were Larsen & Toubro Ltd (NS:LART), which rose 4.04% or 87.60 points to trade at 2,257.75 at the close. Housing Development Finance Corporation Ltd (NS:HDFC) added 2.97% or 78.05 points to end at 2,707.00 and HDFC Bank Ltd (NS:HDBK) was up 2.68% or 43.20 points to 1,653.75 in late trade.

Biggest losers included Eicher Motors Ltd. (NS:EICH), which lost 2.35% or 70.55 points to trade at 2,933.75 in late trade. Mahindra & Mahindra Ltd. (NS:MAHM) declined 1.35% or 15.85 points to end at 1,154.05 and Adani Enterprises Ltd (NS:ADEL) shed 1.13% or 19.45 points to 1,698.00.

The top performers on the BSE Sensex 30 were Larsen & Toubro Ltd (BO:LART) which rose 3.96% to 2,257.00, Housing Development Finance Corporation Ltd (BO:HDFC) which was up 2.97% to settle at 2,705.05 and HDFC Bank Ltd (BO:HDBK) which gained 2.72% to close at 1,654.10.

The worst performers were IndusInd Bank Ltd. (BO:INBK) which was down 1.26% to 1,065.55 in late trade, Mahindra & Mahindra Ltd. (BO:MAHM) which lost 1.24% to settle at 1,155.65 and NTPC Ltd (BO:NTPC) which was down 1.01% to 175.90 at the close.

Advancing stocks outnumbered falling ones by 1466 to 496 and 25 ended unchanged; on the Bombay Stock Exchange, 2494 rose and 916 declined, while 110 ended unchanged on the India National Stock Exchange.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 1.37% to 12.41.

In commodities trading, Gold Futures for June delivery was up 0.04% or 0.80 to $2,039.00 a troy ounce. Meanwhile, Crude oil for delivery in May fell 0.26% or 0.21 to hit $80.50 a barrel, while the June Brent oil contract fell 0.29% or 0.25 to trade at $84.69 a barrel.

USD/INR was down 0.08% to 82.04, while EUR/INR fell 0.13% to 89.79.

The US Dollar Index Futures was up 0.14% at 101.40.

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