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India shares higher at close of trade; Nifty 50 up 0.82%

Published 2018-01-17, 05:45 a/m
Updated 2018-01-17, 05:45 a/m
© Reuters.  India shares higher at close of trade; Nifty 50 up 0.82%

Investing.com – India equities were higher at the close on Wednesday, as gains in the Capital Goods, Banking and Public Sector Undertakings sectors propelled shares higher.

At the close in NSE, the Nifty 50 added 0.82% to hit a new all time high, while the BSE Sensex 30 index climbed 0.89%.

The biggest gainers of the session on the Nifty 50 were AXIS Bank Ltd (NS:AXBK), which rose 4.37% or 24.60 points to trade at 585.20 at the close. State Bank Of India (NS:SBI) added 4.04% or 11.95 points to end at 307.10 and ICICI Bank Ltd (NS:ICBK) was up 2.77% or 9.25 points to 343.25 in late trade.

Biggest losers included Zee Entertainment Enterprises Ltd. (NS:ZEE), which lost 3.47% or 21.30 points to trade at 593.10 in late trade. Wipro Ltd (NS:WIPR) declined 1.81% or 6.00 points to end at 325.70 and Hindustan Unilever Ltd. (NS:HLL) shed 0.45% or 6.15 points to 1371.20.

The top performers on the BSE Sensex 30 were AXIS Bank Ltd. (BO:AXBK) which rose 4.65% to 584.75, State Bank Of India (BO:SBI) which was up 3.44% to settle at 306.35 and ICICI Bank Ltd (BO:ICBK) which gained 2.68% to close at 343.10.

The worst performers were Wipro Ltd (BO:WIPR) which was down 1.85% to 325.75 in late trade, HDFC Bank Ltd (BO:HDBK) which lost 0.88% to settle at 1887.00 and Hero MotoCorp Ltd (BO:HROM) which was down 0.80% to 3566.05 at the close.

Declining stocks outnumbered rising ones by 807 to 802 and 33 ended unchanged; on the Bombay Stock Exchange, 1422 rose and 1403 declined, while 138 ended unchanged on the India National Stock Exchange.

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The India VIX, which measures the implied volatility of Nifty 50 options, was down 1.60% to 13.8600.

In commodities trading, Gold Futures for February delivery was up 0.13% or 1.80 to $1338.90 a troy ounce. Meanwhile, Crude oil for delivery in February fell 0.50% or 0.32 to hit $63.41 a barrel, while the March Brent oil contract fell 0.69% or 0.48 to trade at $68.67 a barrel.

USD/INR was down 0.20% to 63.875, while EUR/INR fell 0.37% to 78.1981.

The US Dollar Index Futures was up 0.14% at 90.36.

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