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India shares higher at close of trade; Nifty 50 up 0.46%

Published 16/11/2023, 09:30 pm
© Reuters India shares higher at close of trade; Nifty 50 up 0.46%

Investing.com – India equities were higher at the close on Thursday, as gains in the IT, Technology and Consumer Durables sectors propelled shares higher.

At the close in NSE, the Nifty 50 rose 0.46%, while the BSE Sensex 30 index gained 0.47%.

The biggest gainers of the session on the Nifty 50 were Hero MotoCorp Ltd (NS:HROM), which rose 3.22% or 102.20 points to trade at 3,280.05 at the close. Tech Mahindra Ltd (NS:TEML) added 2.85% or 33.45 points to end at 1,207.20 and Tata Consultancy Services Ltd. (NS:TCS) was up 2.75% or 93.55 points to 3,497.85 in late trade.

Biggest losers included Axis Bank Ltd (NS:AXBK), which lost 1.44% or 15.00 points to trade at 1,026.35 in late trade. Power Grid Corporation of India Ltd (NS:PGRD) declined 1.40% or 2.95 points to end at 207.20 and Coal India Ltd (NS:COAL) shed 1.37% or 4.80 points to 345.80.

The top performers on the BSE Sensex 30 were Tata Consultancy Services Ltd. (BO:TCS) which rose 2.90% to 3,498.00, HCL Technologies Ltd (BO:HCLT) which was up 2.81% to settle at 1,311.05 and Tech Mahindra Ltd (BO:TEML) which gained 2.77% to close at 1,206.35.

The worst performers were Axis Bank Ltd. (BO:AXBK) which was down 1.51% to 1,025.60 in late trade, Power Grid Corporation of India Ltd (BO:PGRD) which lost 1.45% to settle at 207.20 and ITC Ltd (BO:ITC) which was down 0.78% to 438.50 at the close.

Advancing stocks outnumbered falling ones by 1042 to 1030 and 67 ended unchanged; on the Bombay Stock Exchange, 1921 rose and 1700 declined, while 114 ended unchanged on the India National Stock Exchange.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 4.60% to 11.65.

In commodities trading, Gold Futures for December delivery was up 0.21% or 4.20 to $1,968.50 a troy ounce. Meanwhile, Crude oil for delivery in December fell 0.12% or 0.09 to hit $76.57 a barrel, while the January Brent oil contract fell 0.30% or 0.24 to trade at $80.94 a barrel.

USD/INR was up 0.14% to 83.24, while EUR/INR rose 0.23% to 90.30.

The US Dollar Index Futures was up 0.02% at 104.29.

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