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India shares higher at close of trade; Nifty 50 up 0.25%

Published 23/08/2023, 08:45 pm
© Reuters India shares higher at close of trade; Nifty 50 up 0.25%

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

At the close in NSE, the Nifty 50 rose 0.25%, while the BSE Sensex 30 index added 0.33%.

The biggest gainers of the session on the Nifty 50 were Hindalco Industries Ltd. (NS:HALC), which rose 2.42% or 10.90 points to trade at 461.25 at the close. Axis Bank Ltd (NS:AXBK) added 2.32% or 22.20 points to end at 979.25 and ICICI Bank Ltd (NS:ICBK) was up 1.56% or 14.85 points to 966.85 in late trade.

Biggest losers included Adani Enterprises Ltd (NS:ADEL), which lost 6.22% or 167.75 points to trade at 2,530.30 in late trade. Adani Ports and Special Economic Zone Ltd (NS:APSE) declined 3.37% or 28.80 points to end at 825.70 and Sun Pharmaceutical Industries Ltd. (NS:SUN) shed 1.22% or 13.85 points to 1,123.70.

The top performers on the BSE Sensex 30 were Axis Bank Ltd. (BO:AXBK) which rose 2.23% to 978.80, State Bank Of India (BO:SBI) which was up 1.51% to settle at 576.90 and ICICI Bank Ltd (BO:ICBK) which gained 1.49% to close at 966.25.

The worst performers were Sun Pharmaceutical Industries Ltd. (BO:SUN) which was down 1.22% to 1,122.85 in late trade, Bharti Airtel Ltd (BO:BRTI) which lost 1.16% to settle at 867.30 and Tech Mahindra Ltd (BO:TEML) which was down 0.90% to 1,200.90 at the close.

Advancing stocks outnumbered falling ones by 1172 to 831 and 59 ended unchanged; on the Bombay Stock Exchange, 1993 rose and 1497 declined, while 156 ended unchanged on the India National Stock Exchange.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 0.17% to 11.73.

In commodities trading, Gold Futures for December delivery was up 0.22% or 4.15 to $1,930.15 a troy ounce. Meanwhile, Crude oil for delivery in October fell 1.52% or 1.21 to hit $78.43 a barrel, while the October Brent oil contract fell 1.49% or 1.25 to trade at $82.78 a barrel.

USD/INR was down 0.43% to 82.74, while EUR/INR fell 0.76% to 89.44.

The US Dollar Index Futures was up 0.36% at 103.85.

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