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India shares higher at close of trade; Nifty 50 up 0.62% – India equities were higher at the close on Wednesday, as gains in the , and sectors propelled shares higher.

At the close in NSE, the gained 0.62%, while the index gained 0.64%.

The biggest gainers of the session on the were Hindalco Industries Ltd. (NS:), which rose 2.88% or 14.05 points to trade at 501.95 at the close. Tata Steel Ltd (NS:) added 2.47% or 2.95 points to end at 122.30 and Larsen & Toubro Ltd (NS:) was up 2.35% or 51.95 points to 2,265.05 in late trade.

Biggest losers included Tata Motors Ltd (NS:), which lost 1.55% or 6.45 points to trade at 408.85 in late trade. Adani Enterprises Ltd (NS:) declined 1.50% or 54.45 points to end at 3,584.90 and HDFC Life Insurance Company Ltd (NS:) shed 1.49% or 9.10 points to 600.35.

The top performers on the BSE Sensex 30 were Tata Steel Ltd (BO:) which rose 2.72% to 122.60, Larsen & Toubro Ltd (BO:) which was up 2.41% to settle at 2,266.45 and Wipro Ltd (BO:) which gained 1.78% to close at 403.20.

The worst performers were UltraTech Cement Ltd (BO:) which was down 1.28% to 7,279.60 in late trade, IndusInd Bank Ltd. (BO:) which lost 0.67% to settle at 1,222.00 and Nestle India Ltd (BO:) which was down 0.53% to 19,820.00 at the close.

Advancing stocks outnumbered falling ones by 1020 to 873 and 73 ended unchanged; on the Bombay Stock Exchange, 1848 rose and 1542 declined, while 132 ended unchanged on the India National Stock Exchange.

The , which measures the implied volatility of Nifty 50 options, was down 1.49% to 14.37.

In commodities trading, Gold Futures for February delivery was up 0.31% or 5.90 to $1,915.80 a troy ounce. Meanwhile, Crude oil for delivery in March rose 1.93% or 1.55 to hit $82.00 a barrel, while the March Brent oil contract rose 1.54% or 1.32 to trade at $87.24 a barrel.

USD/INR was down 0.41% to 81.29, while EUR/INR rose 0.23% to 88.27.

The US Dollar Index Futures was down 0.42% at 101.71.

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