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Title: India stocks higher at close of trade; Nifty 50 up 1.10%

Dec 22, 2021 05:45AM ET

By: AnalysisWatch

Indian stocks gained after the market closed on Wednesday as gains in the real estate, capital goods, and auto sectors drove stocks higher.

At the close on the NSE, the Nifty 50 was up 1.10 per cent, while the BSE Sensex 30 index was up 1.09 per cent.

Hindalco Industries Ltd was the best performer on the Nifty 50, gaining 4.02%, or 17.90 points, to close at 463.35. Meanwhile, Tata Motors Ltd gained 3.73%, or 16.90 points, to close at 470.50 and Divi's Laboratories Ltd rose 3.58%, or 157.80 points, to 4563.50 in late trade.

Power Grid Corporation of India Ltd was the worst performer, falling 1.01% or 2.05 points in late trade to close at 201.55.Wipro Ltd fell 0.75% or 5.15 points to 685.65, while Wipro Inc rose 0.96% or 10.95 points to 1124.30.

Top performers on the BSE Sensex 30 included Bajaj Finance Ltd., up 2.94% at 6773.00, Bharti Airtel Ltd., up 2.67% at 684.85 and Sun Pharmaceutical Industries Ltd., up 2.42% at 797.10.

Power Grid Corporation of India Ltd was the worst performer, falling 1.03% to 201.55 in late trade. Wipro Ltd lost 0.77% to close at 685.40 and ITC Ltd was 0.24% lower at 212.05.

On the Indian National Stock Exchange, gains outweighed losses by 1400 to 393 and 22 ended unchanged; on the Bombay Stock Exchange, 2352 shares rose and 887 declined while 103 remained unchanged.

India's VIX, which measures the implied volatility of Nifty 50 options, fell 5.46% to 16.5800.

Gold futures for February delivery rose 0.16%, or 2.95, to $1791.65 a troy ounce. Elsewhere in commodity trading, crude oil for February delivery rose 0.38%, or 0.27, to $71.39 a barrel, while the March contract for Brent oil gained 0.22%, or 0.16, to $74.12 a barrel.

The USD/INR fell 0.24% to 75.509, while the EUR/INR fell 0.11% to 85.3070.

Futures on the US dollar index fell 0.13% to 96.360.

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