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India shares higher at close of trade; Nifty 50 up 3.17%

Published 2020-05-27, 06:45 a/m
Updated 2020-05-27, 06:45 a/m
India shares higher at close of trade; Nifty 50 up 3.17%

India shares higher at close of trade; Nifty 50 up 3.17%

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

At the close in NSE, the Nifty 50 added 3.17%, while the BSE Sensex 30 index gained 3.25%.

The biggest gainers of the session on the Nifty 50 were AXIS Bank Ltd (NS:AXBK), which rose 14.24% or 48.60 points to trade at 389.90 at the close. ICICI Bank Ltd (NS:ICBK) added 8.95% or 26.20 points to end at 318.90 and Wipro Ltd (NS:WIPR) was up 6.89% or 13.00 points to 201.80 in late trade.

Biggest losers included Sun Pharmaceutical Industries Ltd. (NS:SUN), which lost 1.95% or 8.95 points to trade at 450.20 in late trade. UltraTech Cement Ltd (NS:ULTC) declined 1.44% or 54.60 points to end at 3731.40 and Zee Entertainment Enterprises Ltd. (NS:ZEE) shed 1.00% or 1.65 points to 163.55.

The top performers on the BSE Sensex 30 were AXIS Bank Ltd. (BO:AXBK) which rose 14.15% to 389.70, ICICI Bank Ltd (BO:ICBK) which was up 8.97% to settle at 318.80 and HDFC Bank Ltd (BO:HDBK) which gained 5.91% to close at 903.80.

The worst performers were Sun Pharmaceutical Industries Ltd. (BO:SUN) which was down 1.85% to 450.55 in late trade, UltraTech Cement Ltd (BO:ULTC) which lost 1.42% to settle at 3730.00 and Titan Company Ltd (BO:TITN) which was down 0.71% to 886.85 at the close.

Advancing stocks outnumbered falling ones by 932 to 575 and 80 ended unchanged; on the Bombay Stock Exchange, 1314 rose and 901 declined, while 154 ended unchanged on the India National Stock Exchange.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 0.63% to 31.2725 a new 1-month low.

In commodities trading, Gold Futures for June delivery was down 0.50% or 8.50 to $1697.10 a troy ounce. Meanwhile, Crude oil for delivery in July fell 1.02% or 0.35 to hit $34.00 a barrel, while the July Brent oil contract fell 1.44% or 0.52 to trade at $35.65 a barrel.

USD/INR was up 0.23% to 75.609, while EUR/INR rose 0.61% to 83.3285.

The US Dollar Index Futures was down 0.11% at 98.793.

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