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India shares higher at close of trade; Nifty 50 up 0.74%

Published 09/06/2022, 08:45 pm
Updated 09/06/2022, 08:45 pm
© Reuters India shares higher at close of trade; Nifty 50 up 0.74%

© Reuters India shares higher at close of trade; Nifty 50 up 0.74%

Investing.com – India equities were higher at the close on Thursday, as gains in the Oil & Gas, Healthcare and Technology sectors propelled shares higher.

At the close in NSE, the Nifty 50 rose 0.74%, while the BSE Sensex 30 index climbed 0.78%.

The biggest gainers of the session on the Nifty 50 were Dr. Reddy’s Laboratories Ltd (NS:REDY), which rose 2.95% or 123.75 points to trade at 4,322.90 at the close. Bharat Petroleum Corp. Ltd. (NS:BPCL) added 2.76% or 8.95 points to end at 332.85 and Reliance Industries Ltd (NS:RELI) was up 2.74% or 74.70 points to 2,798.75 in late trade.

Biggest losers included Tata Steel Ltd (NS:TISC), which lost 3.86% or 41.90 points to trade at 1,044.85 in late trade. Shree Cements Ltd. (NS:SHCM) declined 1.96% or 384.75 points to end at 19,199.00 and Tata Motors Ltd (NS:TAMO) shed 1.64% or 7.15 points to 428.50.

The top performers on the BSE Sensex 30 were Dr. Reddy’s Laboratories Ltd (BO:REDY) which rose 3.00% to 4,326.10, Reliance Industries Ltd (BO:RELI) which was up 2.73% to settle at 2,798.60 and Bharti Airtel Ltd (BO:BRTI) which gained 2.01% to close at 676.50.

The worst performers were Tata Steel Ltd (BO:TISC) which was down 3.81% to 1,045.35 in late trade, NTPC Ltd (BO:NTPC) which lost 1.18% to settle at 155.20 and UltraTech Cement Ltd (BO:ULTC) which was down 0.93% to 5,481.80 at the close.

Advancing stocks outnumbered falling ones by 943 to 864 and 58 ended unchanged; on the Bombay Stock Exchange, 1695 rose and 1505 declined, while 123 ended unchanged on the India National Stock Exchange.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 3.52% to 19.14 a new 1-month low.

In commodities trading, Gold Futures for August delivery was down 0.30% or 5.50 to $1,851.00 a troy ounce. Meanwhile, Crude oil for delivery in July fell 0.20% or 0.25 to hit $121.86 a barrel, while the August Brent oil contract fell 0.14% or 0.17 to trade at $123.41 a barrel.

USD/INR was up 0.03% to 77.72, while EUR/INR rose 0.16% to 83.36.

The US Dollar Index Futures was down 0.15% at 102.39.

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