India shares higher at close of trade; Nifty 50 up 2.19%

© Reuters India shares higher at close of trade; Nifty 50 up 2.19% – India equities were higher at the close on Wednesday, as gains in the , and sectors propelled shares higher.

At the close in NSE, the rose 2.19%, while the index climbed 2.28%.

The biggest gainers of the session on the were Tata Steel Ltd (NS:), which rose 5.66% or 41.65 points to trade at 777.15 at the close. Bajaj Finserv Ltd (NS:) added 4.98% or 492.30 points to end at 10369.30 and Reliance Industries Ltd (NS:) was up 4.56% or 96.10 points to 2202.10 in late trade.

Biggest losers included Hero MotoCorp Ltd (NS:), which lost 1.50% or 52.05 points to trade at 3424.35 in late trade. Maruti Suzuki India Ltd. (NS:) declined 1.24% or 89.40 points to end at 7124.70 and Bajaj Auto Ltd (NS:) shed 1.09% or 42.95 points to 3901.10.

The top performers on the BSE Sensex 30 were Bajaj Finserv Ltd (BO:) which rose 4.87% to 10356.65, Reliance Industries Ltd (BO:) which was up 4.52% to settle at 2201.35 and Bajaj Finance Ltd (BO:) which gained 4.47% to close at 5544.95.

The worst performers were Bajaj Auto Ltd (BO:) which was down 1.35% to 3895.60 in late trade, Maruti Suzuki India Ltd. (BO:) which lost 1.22% to settle at 7126.95 and Mahindra & Mahindra Ltd. (BO:) which was down 0.93% to 851.90 at the close.

Advancing stocks outnumbered falling ones by 1056 to 589 and 73 ended unchanged; on the Bombay Stock Exchange, 1764 rose and 1114 declined, while 172 ended unchanged on the India National Stock Exchange.

The , which measures the implied volatility of Nifty 50 options, was down 6.42% to 22.0900.

In commodities trading, Gold Futures for April delivery was down 0.65% or 11.20 to $1722.40 a troy ounce. Meanwhile, Crude oil for delivery in April rose 1.69% or 1.01 to hit $60.76 a barrel, while the May Brent oil contract rose 1.75% or 1.10 to trade at $63.80 a barrel.

USD/INR was down 0.52% to 72.870, while EUR/INR fell 0.54% to 88.0775.

The US Dollar Index Futures was up 0.01% at 90.802.

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