India shares higher at close of trade; Nifty 50 up 1.62%

March 01, 2024 09:30 PM AEDT | By Investing

Google News:

India shares higher at close of trade; Nifty 50 up 1.62%

Recent News

TAILG Returns to Jakarta Fair, Deepens Footprint in Indonesia

Ausgold’s 10-Year Katanning Plan Shines in DFS: What it Means for Gold...

Western Mines Reignites Mulga Tank Drilling Program Amid Promising Res...

Great Boulder Resources Expands Market Footprint with New ASX Quotatio...

Investing.com – India equities were higher at the close on Friday, as gains in the Metals, Capital Goods and Banking sectors propelled shares higher.

At the close in NSE, the Nifty 50 added 1.62% to hit a new all time high, while the BSE Sensex 30 index gained 1.72%.

The biggest gainers of the session on the Nifty 50 were Tata Steel Ltd (NS:TISC), which rose 6.46% or 9.10 points to trade at 149.95 at the close. Larsen&Toubro Ltd (NS:LART) added 4.48% or 155.95 points to end at 3,633.50 and JSW Steel Ltd (NS:JSTL) was up 4.31% or 34.45 points to 834.55 in late trade.

Biggest losers included Dr Reddy’s Laboratories Ltd (NS:REDY), which lost 3.59% or 230.70 points to trade at 6,193.55 in late trade. Sun Pharmaceutical Industries Ltd. (NS:SUN) declined 1.19% or 18.70 points to end at 1,559.25 and HCL Technologies Ltd (NS:HCLT) shed 1.19% or 19.75 points to 1,644.10.

The top performers on the BSE Sensex 30 were Tata Steel Ltd (BO:TISC) which rose 6.46% to 150.00, Larsen&Toubro Ltd (BO:LART) which was up 4.39% to settle at 3,634.50 and Titan Company Ltd (BO:TITN) which gained 3.63% to close at 3,760.95.

The worst performers were Dr Reddy’s Laboratories Ltd (BO:REDY) which was down 3.47% to 6,197.40 in late trade, HCL Technologies Ltd (BO:HCLT) which lost 1.36% to settle at 1,644.45 and Infosys Ltd (BO:INFY) which was down 1.19% to 1,655.05 at the close.

Advancing stocks outnumbered falling ones by 1372 to 791 and 37 ended unchanged; on the Bombay Stock Exchange, 2269 rose and 1428 declined, while 103 ended unchanged on the India National Stock Exchange.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 2.17% to 15.23.

In commodities trading, Gold Futures for April delivery was up 0.20% or 4.20 to $2,058.90 a troy ounce. Meanwhile, Crude oil for delivery in April rose 1.16% or 0.91 to hit $79.17 a barrel, while the May Brent oil contract rose 1.18% or 0.97 to trade at $82.88 a barrel.

USD/INR was down 0.02% to 82.89, while EUR/INR fell 0.06% to 89.53.

The US Dollar Index Futures was up 0.05% at 104.15.

This article first appeared in Investing.com

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (“Kalkine Media, we or us”), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary.
The content published on Kalkine Media also includes feeds sourced from third-party providers. Kalkine does not assert any ownership rights over the content provided by these third-party sources. The inclusion of such feeds on the Website is for informational purposes only. Kalkine does not guarantee the accuracy, completeness, or reliability of the content obtained from third-party feeds. Furthermore, Kalkine Media shall not be held liable for any errors, omissions, or inaccuracies in the content obtained from third-party feeds, nor for any damages or losses arising from the use of such content.
Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyrighted to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have made reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.
This disclaimer is subject to change without notice. Users are advised to review this disclaimer periodically for any updates or modifications.