India shares higher at close of trade; Nifty 50 up 1.78%

© Reuters. India shares higher at close of trade; Nifty 50 up 1.78% – India equities were higher at the close on Thursday, as gains in the , and sectors propelled shares higher.

At the close in NSE, the added 1.78% to hit a new 6-month high, while the index gained 1.78%.

The biggest gainers of the session on the were IndusInd Bank Ltd. (NS:), which rose 6.19% or 41.95 points to trade at 720.00 at the close. Hindalco Industries Ltd. (NS:) added 6.01% or 10.60 points to end at 187.10 and State Bank Of India (NS:) was up 5.56% or 11.50 points to 218.50 in late trade.

Biggest losers included Hero MotoCorp Ltd (NS:), which lost 0.61% or 18.00 points to trade at 2950.00 in late trade. HDFC Life Insurance Company Ltd (NS:) declined 0.21% or 1.25 points to end at 593.00 and Bharti Infratel Ltd (NS:) gained 0.14% or 0.25 points to 178.30.

The top performers on the BSE Sensex 30 were State Bank Of India (BO:) which rose 5.63% to 218.70, Tata Steel Ltd (BO:) which was up 5.34% to settle at 425.45 and IndusInd Bank Ltd. (BO:) which gained 5.32% to close at 714.20.

The worst performers were ICICI Bank Ltd (BO:) which was up 0.30% to 438.55 in late trade, Housing Development Finance Corporation Ltd (BO:) which gained 0.59% to settle at 2100.20 and Power Grid Corporation of India Ltd (BO:) which was up 0.71% to 178.35 at the close.

Advancing stocks outnumbered falling ones by 1163 to 432 and 97 ended unchanged; on the Bombay Stock Exchange, 1656 rose and 897 declined, while 172 ended unchanged on the India National Stock Exchange.

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The , which measures the implied volatility of Nifty 50 options, was down 9.63% to 20.9650.

In commodities trading, Gold Futures for December delivery was up 1.19% or 22.60 to $1918.80 a troy ounce. Meanwhile, Crude oil for delivery in December fell 0.43% or 0.17 to hit $38.98 a barrel, while the January Brent oil contract fell 0.27% or 0.11 to trade at $41.12 a barrel.

USD/INR was down 0.35% to 74.102, while EUR/INR rose 0.32% to 87.4595.

The US Dollar Index Futures was down 0.53% at 92.920.

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