💥 Fed cuts sparks mid cap boom! ProPicks AI scores with 4 stocks +23% each. Get October’s update first.Pick Stocks with AI

India shares higher at close of trade; Nifty 50 up 0.51%

Published 2023-04-12, 06:45 a/m
© Reuters India shares higher at close of trade; Nifty 50 up 0.51%

Investing.com – India equities were higher at the close on Wednesday, as gains in the Healthcare, IT and Auto sectors propelled shares higher.

At the close in NSE, the Nifty 50 added 0.51% to hit a new 1-month high, while the BSE Sensex 30 index added 0.39%.

The biggest gainers of the session on the Nifty 50 were Divi's Laboratories Ltd. (NS:DIVI), which rose 9.73% or 284.75 points to trade at 3,212.10 at the close. Bajaj Auto Ltd (NS:BAJA) added 2.60% or 108.60 points to end at 4,286.00 and Dr. Reddy’s Laboratories Ltd (NS:REDY) was up 2.47% or 117.65 points to 4,881.00 in late trade.

Biggest losers included Power Grid Corporation of India Ltd (NS:PGRD), which lost 1.66% or 3.85 points to trade at 227.50 in late trade. NTPC Ltd (NS:NTPC) declined 1.29% or 2.30 points to end at 175.80 and Nestle India Ltd (NS:NEST) shed 1.19% or 234.30 points to 19,440.30.

The top performers on the BSE Sensex 30 were Dr. Reddy’s Laboratories Ltd (BO:REDY) which rose 2.35% to 4,877.75, Infosys Ltd (BO:INFY) which was up 1.52% to settle at 1,428.45 and HDFC Bank Ltd (BO:HDBK) which gained 1.27% to close at 1,684.75.

The worst performers were Power Grid Corporation of India Ltd (BO:PGRD) which was down 1.58% to 227.60 in late trade, Nestle India Ltd (BO:NEST) which lost 1.28% to settle at 19,420.00 and NTPC Ltd (BO:NTPC) which was down 1.24% to 175.85 at the close.

Advancing stocks outnumbered falling ones by 1146 to 786 and 46 ended unchanged; on the Bombay Stock Exchange, 1975 rose and 1403 declined, while 114 ended unchanged on the India National Stock Exchange.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 2.48% to 12.27.

In commodities trading, Gold Futures for June delivery was up 0.26% or 5.35 to $2,024.35 a troy ounce. Meanwhile, Crude oil for delivery in May rose 0.06% or 0.05 to hit $81.58 a barrel, while the June Brent oil contract rose 0.13% or 0.11 to trade at $85.72 a barrel.

USD/INR was up 0.02% to 82.08, while EUR/INR rose 0.19% to 89.68.

The US Dollar Index Futures was down 0.16% at 101.72.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.