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India stocks higher at close of trade; Nifty 50 up 1.16%

Published 03/22/2022, 06:45 AM
© Reuters.  India stocks higher at close of trade; Nifty 50 up 1.16%
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Investing.com – India stocks were higher after the close on Tuesday, as gains in the Oil & Gas, IT and Technology sectors led shares higher.

At the close in NSE, the Nifty 50 added 1.16% to hit a new 1-month high, while the BSE Sensex 30 index added 1.22%.

The best performers of the session on the Nifty 50 were Tech Mahindra Ltd (NS:TEML), which rose 3.95% or 58.40 points to trade at 1,538.20 at the close. Meanwhile, Bharat Petroleum Corp. Ltd. (NS:BPCL) added 3.14% or 11.20 points to end at 368.40 and Tata Motors Ltd (NS:TAMO) was up 2.90% or 12.40 points to 440.35 in late trade.

The worst performers of the session were Hindustan Unilever Ltd. (NS:HLL), which fell 2.81% or 57.70 points to trade at 1,993.50 at the close. Nestle India Ltd (NS:NEST) declined 2.65% or 474.45 points to end at 17,402.00 and Britannia Industries Ltd (NS:BRIT) was down 2.44% or 79.15 points to 3,158.40.

The top performers on the BSE Sensex 30 were Tech Mahindra Ltd (BO:TEML) which rose 3.83% to 1,538.45, Reliance Industries Ltd (BO:RELI) which was up 2.59% to settle at 2,531.10 and Bajaj Finserv Ltd (BO:BJFS) which gained 2.46% to close at 16,574.85.

The worst performers were Hindustan Unilever Ltd. (BO:HLL) which was down 2.81% to 1,993.80 in late trade, Nestle India Ltd (BO:NEST) which lost 2.49% to settle at 17,415.65 and NTPC Ltd (BO:NTPC) which was down 0.08% to 132.85 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 981 to 832 and 48 ended unchanged; on the Bombay Stock Exchange, 1746 fell and 1553 advanced, while 102 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 2.24% to 24.07.

Gold Futures for April delivery was down 0.09% or 1.80 to $1,927.70 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May fell 0.42% or 0.46 to hit $109.51 a barrel, while the May Brent oil contract fell 0.10% or 0.11 to trade at $115.51 a barrel.

USD/INR was down 0.16% to 76.17, while EUR/INR fell 0.28% to 83.78.

The US Dollar Index Futures was up 0.21% at 98.71.

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