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India shares higher at close of trade; Nifty 50 up 1.37%

Published 2019-10-29, 06:45 a/m
© Reuters.  India shares higher at close of trade; Nifty 50 up 1.37%
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Investing.com – India equities were higher at the close on Tuesday, as gains in the Auto, Metals and IT sectors propelled shares higher.

At the close in NSE, the Nifty 50 added 1.37% to hit a new 3-month high, while the BSE Sensex 30 index added 1.48%.

The biggest gainers of the session on the Nifty 50 were Tata Motors Ltd (NS:TAMO), which rose 16.55% or 24.45 points to trade at 172.45 at the close. Tata Steel Ltd (NS:TISC) added 6.44% or 23.50 points to end at 390.20 and JSW Steel Ltd (NS:JSTL) was up 6.68% or 14.65 points to 234.25 in late trade.

Biggest losers included Bharti Infratel Ltd (NS:BHRI), which lost 9.02% or 19.15 points to trade at 193.15 in late trade. Bharti Airtel Ltd. (NS:BRTI) declined 3.30% or 12.30 points to end at 359.90 and UltraTech Cement Ltd (NS:ULTC) shed 1.55% or 64.90 points to 4117.70.

The top performers on the BSE Sensex 30 were Tata Motors Ltd DVR (BO:TAMdv) which rose 18.45% to 79.30, Tata Motors Ltd (BO:TAMO) which was up 16.63% to settle at 172.55 and Tata Steel Ltd (BO:TISC) which gained 7.09% to close at 391.00.

The worst performers were Bharti Airtel Ltd (BO:BRTI) which was down 3.41% to 359.95 in late trade, Kotak Mahindra Bank Ltd. (BO:KTKM) which lost 1.14% to settle at 1575.05 and Power Grid Corporation of India Ltd (BO:PGRD) which was down 0.64% to 201.15 at the close.

Advancing stocks outnumbered falling ones by 929 to 646 and 63 ended unchanged; on the Bombay Stock Exchange, 1369 rose and 990 declined, while 188 ended unchanged on the India National Stock Exchange.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 5.36% to 16.4200.

In commodities trading, Gold Futures for December delivery was down 0.48% or 7.25 to $1488.55 a troy ounce. Meanwhile, Crude oil for delivery in December fell 1.29% or 0.72 to hit $55.09 a barrel, while the December Brent oil contract fell 1.67% or 1.03 to trade at $60.54 a barrel.

USD/INR was up 0.23% to 70.905, while EUR/INR rose 0.08% to 78.5695.

The US Dollar Index Futures was up 0.14% at 97.657.

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