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India shares higher at close of trade; Nifty 50 up 2.29%

Published 22/04/2020, 08:45 pm
© Reuters.  India shares higher at close of trade; Nifty 50 up 2.29%
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Investing.com – India equities were higher at the close on Wednesday, as gains in the Auto, Fast Moving Consumer Goods and Carbon sectors propelled shares higher.

At the close in NSE, the Nifty 50 gained 2.29%, while the BSE Sensex 30 index climbed 2.42%.

The biggest gainers of the session on the Nifty 50 were Zee Entertainment Enterprises Ltd. (NS:ZEE), which rose 20.00% or 25.85 points to trade at 155.10 at the close. Reliance Industries Ltd (NS:RELI) added 9.83% or 121.65 points to end at 1359.00 and Asian Paints Ltd. (NS:ASPN) was up 5.27% or 90.90 points to 1816.90 in late trade.

Biggest losers included Oil And Natural Gas Corporation Ltd (NS:ONGC), which lost 5.62% or 3.90 points to trade at 65.45 in late trade. Vedanta Ltd (NS:VDAN) declined 2.55% or 2.00 points to end at 76.45 and Larsen & Toubro Ltd (NS:LART) shed 1.71% or 14.85 points to 855.50.

The top performers on the BSE Sensex 30 were Reliance Industries Ltd (BO:RELI) which rose 10.30% to 1363.35, Asian Paints Ltd. (BO:ASPN) which was up 5.30% to settle at 1817.00 and IndusInd Bank Ltd. (BO:INBK) which gained 3.93% to close at 416.55.

The worst performers were Oil And Natural Gas Corporation Ltd (BO:ONGC) which was down 5.63% to 65.35 in late trade, Larsen & Toubro Ltd (BO:LART) which lost 2.07% to settle at 852.65 and Power Grid Corporation of India Ltd (BO:PGRD) which was down 0.34% to 162.10 at the close.

Advancing stocks outnumbered falling ones by 823 to 694 and 81 ended unchanged; on the Bombay Stock Exchange, 1234 rose and 1041 declined, while 155 ended unchanged on the India National Stock Exchange.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 5.25% to 42.8225.

In commodities trading, Gold Futures for June delivery was up 1.89% or 31.90 to $1719.70 a troy ounce. Meanwhile, Crude oil for delivery in June fell 0.09% or 0.01 to hit $11.56 a barrel, while the June Brent oil contract rose 2.79% or 0.54 to trade at $19.87 a barrel.

USD/INR was down 0.62% to 76.490, while EUR/INR fell 0.53% to 83.1180.

The US Dollar Index Futures was down 0.20% at 100.170.

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