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India shares higher at close of trade; Nifty 50 up 0.57%

Published 2023-12-28, 05:30 a/m
© Reuters India shares higher at close of trade; Nifty 50 up 0.57%

Investing.com – India equities were higher at the close on Thursday, as gains in the Oil & Gas, Public Sector Undertakings and Metals sectors propelled shares higher.

At the close in NSE, the Nifty 50 added 0.57% to hit a new all time high, while the BSE Sensex 30 index added 0.52%.

The biggest gainers of the session on the Nifty 50 were Coal India Ltd (NS:COAL), which rose 4.20% or 15.35 points to trade at 380.95 at the close. Mahindra & Mahindra Ltd. (NS:MAHM) added 2.75% or 46.50 points to end at 1,734.45 and Hero MotoCorp Ltd (NS:HROM) was up 2.68% or 108.95 points to 4,173.25 in late trade.

Biggest losers included Adani Enterprises Ltd (NS:ADEL), which lost 1.18% or 33.45 points to trade at 2,809.90 in late trade. Adani Ports and Special Economic Zone Ltd (NS:APSE) declined 0.73% or 7.45 points to end at 1,016.95 and Larsen & Toubro Ltd (NS:LART) shed 0.73% or 25.95 points to 3,518.05.

The top performers on the BSE Sensex 30 were NTPC Ltd (BO:NTPC) which rose 2.68% to 314.15, Mahindra & Mahindra Ltd. (BO:MAHM) which was up 2.81% to settle at 1,734.60 and Dr. Reddy’s Laboratories Ltd (BO:REDY) which gained 2.37% to close at 5,848.20.

The worst performers were Larsen & Toubro Ltd (BO:LART) which was down 0.72% to 3,518.05 in late trade, LTIMindtree Ltd (BO:LTIM) which lost 0.67% to settle at 6,243.60 and Wipro Ltd (BO:WIPR) which was down 0.37% to 469.20 at the close.

Declining stocks outnumbered rising ones by 1214 to 889 and 63 ended unchanged; on the Bombay Stock Exchange, 1953 fell and 1706 advanced, while 124 ended unchanged on the India National Stock Exchange.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 2.68% to 15.14.

In commodities trading, Gold Futures for February delivery was down 0.23% or 4.85 to $2,088.25 a troy ounce. Meanwhile, Crude oil for delivery in February fell 1.57% or 1.16 to hit $72.95 a barrel, while the March Brent oil contract fell 1.31% or 1.04 to trade at $78.50 a barrel.

USD/INR was down 0.09% to 83.18, while EUR/INR rose 0.15% to 92.58.

The US Dollar Index Futures was down 0.28% at 100.37.

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