India shares higher at close of trade; Nifty 50 up 0.68%

March 14, 2024 09:30 PM AEDT | By Investing

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India shares higher at close of trade; Nifty 50 up 0.68%

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Investing.com – India equities were higher at the close on Thursday, as gains in the Oil&Gas, Power and IT sectors propelled shares higher.

At the close in NSE, the Nifty 50 added 0.68%, while the BSE Sensex 30 index climbed 0.46%.

The biggest gainers of the session on the Nifty 50 were Adani Enterprises Ltd (NS:ADEL), which rose 6.24% or 181.25 points to trade at 3,087.45 at the close. Adani Ports and Special Economic Zone Ltd (NS:APSE) added 4.83% or 58.45 points to end at 1,268.00 and Hero MotoCorp Ltd (NS:HROM) was up 3.62% or 163.20 points to 4,675.30 in late trade.

Biggest losers included Axis Bank Ltd (NS:AXBK), which lost 2.05% or 22.15 points to trade at 1,058.25 in late trade. IndusInd Bank Ltd. (NS:INBK) declined 1.72% or 25.90 points to end at 1,476.75 and JSW Steel Ltd (NS:JSTL) shed 0.95% or 7.50 points to 785.45.

The top performers on the BSE Sensex 30 were HCL Technologies Ltd (BO:HCLT) which rose 2.83% to 1,677.60, Wipro Ltd (BO:WIPR) which was up 2.43% to settle at 516.60 and Bharti Airtel Ltd (BO:BRTI) which gained 2.37% to close at 1,196.90.

The worst performers were Axis Bank Ltd. (BO:AXBK) which was down 1.68% to 1,061.55 in late trade, IndusInd Bank Ltd. (BO:INBK) which lost 1.33% to settle at 1,480.00 and Bajaj Finance Ltd (BO:BJFN) which was down 1.05% to 6,387.20 at the close.

Advancing stocks outnumbered falling ones by 1743 to 444 and 32 ended unchanged; on the Bombay Stock Exchange, 2624 rose and 1101 declined, while 76 ended unchanged on the India National Stock Exchange.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 5.61% to 13.62 a new 1-month low.

In commodities trading, Gold Futures for April delivery was down 0.31% or 6.75 to $2,174.05 a troy ounce. Meanwhile, Crude oil for delivery in April rose 0.98% or 0.78 to hit $80.50 a barrel, while the May Brent oil contract rose 0.79% or 0.66 to trade at $84.69 a barrel.

USD/INR was down 0.03% to 82.83, while EUR/INR fell 0.10% to 90.61.

The US Dollar Index Futures was up 0.07% at 102.47.

This article first appeared in Investing.com

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