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India shares higher at close of trade; Nifty 50 up 0.22%

Published 09/05/2018, 08:45 pm
Updated 09/05/2018, 08:50 pm
© Reuters.  India shares higher at close of trade; Nifty 50 up 0.22%
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Investing.com – India equities were higher at the close on Wednesday, as gains in the IT, Technology and Consumer Durables sectors propelled shares higher.

At the close in NSE, the Nifty 50 rose 0.22% to hit a new 3-month high, while the BSE Sensex 30 index climbed 0.29%.

The biggest gainers of the session on the Nifty 50 were Tata Motors Ltd (NS:TAMO), which rose 2.80% or 9.30 points to trade at 341.95 at the close. Titan Company Ltd (NS:TITN) added 1.82% or 17.65 points to end at 985.70 and Tata Consultancy Services Ltd. (NS:TCS) was up 1.37% or 47.30 points to 3489.30 in late trade.

Biggest losers included UltraTech Cement Ltd (NS:ULTC), which lost 2.41% or 98.10 points to trade at 3966.25 in late trade. Bharat Petroleum Corp. Ltd. (NS:BPCL) declined 1.94% or 7.60 points to end at 385.45 and Lupin Ltd (NS:LUPN) shed 1.41% or 10.95 points to 762.15.

The top performers on the BSE Sensex 30 were Tata Motors Ltd DVR (BO:TAMdv) which rose 3.82% to 196.85, Tata Motors Ltd (BO:TAMO) which was up 2.79% to settle at 341.35 and Asian Paints Ltd. (BO:ASPN) which gained 1.69% to close at 1226.00.

The worst performers were Sun Pharmaceutical Industries Ltd. (BO:SUN) which was down 1.02% to 506.30 in late trade, Maruti Suzuki India Ltd. (BO:MRTI) which lost 0.70% to settle at 8713.60 and ICICI Bank Ltd (BO:ICBK) which was down 0.70% to 307.10 at the close.

Declining stocks outnumbered rising ones by 944 to 654 and 48 ended unchanged; on the Bombay Stock Exchange, 1470 fell and 1131 advanced, while 118 ended unchanged on the India National Stock Exchange.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 1.55% to 14.2725.

In commodities trading, Gold Futures for June delivery was down 0.45% or 5.90 to $1307.80 a troy ounce. Meanwhile, Crude oil for delivery in June rose 2.48% or 1.71 to hit $70.77 a barrel, while the July Brent oil contract rose 2.42% or 1.81 to trade at $76.66 a barrel.

USD/INR was up 0.21% to 67.316, while EUR/INR rose 0.32% to 79.9023.

The US Dollar Index Futures was unchanged 0.00% at 92.94.

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