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India shares higher at close of trade; Nifty 50 up 0.56%

Published 02/09/2020, 08:45 pm
© Reuters.  India shares higher at close of trade; Nifty 50 up 0.56%
NSEI
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NIFVIX
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ASPN
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BAJA
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HROM
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MAHM
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RELI
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SUN
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TAMO
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TISC
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ZEE
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BSESN
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BSEMET
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BSEPOWER
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BSETECK
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Investing.com – India equities were higher at the close on Wednesday, as gains in the Power, Metals and Technology sectors propelled shares higher.

At the close in NSE, the Nifty 50 rose 0.56%, while the BSE Sensex 30 index added 0.48%.

The biggest gainers of the session on the Nifty 50 were Zee Entertainment Enterprises Ltd. (NS:ZEE), which rose 7.53% or 15.20 points to trade at 217.00 at the close. Mahindra & Mahindra Ltd. (NS:MAHM) added 6.01% or 36.50 points to end at 644.05 and Tata Motors Ltd (NS:TAMO) was up 5.35% or 7.70 points to 151.50 in late trade.

Biggest losers included Bajaj Auto Ltd (NS:BAJA), which lost 2.21% or 65.40 points to trade at 2893.00 in late trade. Asian Paints Ltd. (NS:ASPN) declined 1.43% or 28.30 points to end at 1951.00 and Hero MotoCorp Ltd (NS:HROM) shed 1.42% or 42.60 points to 2953.00.

The top performers on the BSE Sensex 30 were Mahindra & Mahindra Ltd. (BO:MAHM) which rose 6.10% to 645.00, Tata Steel Ltd (BO:TISC) which was up 2.30% to settle at 438.85 and Reliance Industries Ltd (BO:RELI) which gained 1.97% to close at 2128.60.

The worst performers were Bajaj Auto Ltd (BO:BAJA) which was down 2.62% to 2881.35 in late trade, Sun Pharmaceutical Industries Ltd. (BO:SUN) which lost 1.48% to settle at 514.55 and Asian Paints Ltd. (BO:ASPN) which was down 1.41% to 1950.40 at the close.

Advancing stocks outnumbered falling ones by 1116 to 490 and 73 ended unchanged; on the Bombay Stock Exchange, 1537 rose and 980 declined, while 135 ended unchanged on the India National Stock Exchange.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 3.19% to 21.1050.

In commodities trading, Gold Futures for December delivery was down 0.22% or 4.45 to $1974.45 a troy ounce. Meanwhile, Crude oil for delivery in October rose 0.30% or 0.13 to hit $42.89 a barrel, while the November Brent oil contract rose 0.24% or 0.11 to trade at $45.69 a barrel.

USD/INR was up 0.17% to 73.126, while EUR/INR fell 0.27% to 86.7120.

The US Dollar Index Futures was up 0.31% at 92.625.

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