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India shares higher at close of trade; Nifty 50 up 0.83%

Published 24/08/2020, 08:45 pm
© Reuters.  India shares higher at close of trade; Nifty 50 up 0.83%
NSEI
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BJFN
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INBK
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KTKM
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MAHM
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PGRD
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VDAN
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TEML
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ZEE
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Investing.com – India equities were higher at the close on Monday, as gains in the Banking, Capital Goods and Carbon sectors propelled shares higher.

At the close in NSE, the Nifty 50 added 0.83% to hit a new 3-month high, while the BSE Sensex 30 index climbed 0.95%.

The biggest gainers of the session on the Nifty 50 were Zee Entertainment Enterprises Ltd. (NS:ZEE), which rose 4.76% or 9.15 points to trade at 201.20 at the close. Kotak Mahindra Bank Ltd. (NS:KTKM) added 3.49% or 46.70 points to end at 1386.10 and IndusInd Bank Ltd. (NS:INBK) was up 3.33% or 17.10 points to 530.65 in late trade.

Biggest losers included Power Grid Corporation of India Ltd (NS:PGRD), which lost 2.01% or 3.80 points to trade at 185.30 in late trade. Vedanta Ltd (NS:VDAN) declined 1.87% or 2.45 points to end at 128.25 and Mahindra & Mahindra Ltd. (NS:MAHM) shed 1.18% or 7.20 points to 602.60.

The top performers on the BSE Sensex 30 were IndusInd Bank Ltd. (BO:INBK) which rose 3.40% to 531.00, Kotak Mahindra Bank Ltd. (BO:KTKM) which was up 3.35% to settle at 1384.45 and Bajaj Finance Ltd (BO:BJFN) which gained 2.96% to close at 3490.55.

The worst performers were Power Grid Corporation of India Ltd (BO:PGRD) which was down 2.06% to 185.15 in late trade, Tech Mahindra Ltd (BO:TEML) which lost 1.19% to settle at 723.75 and Mahindra & Mahindra Ltd. (BO:MAHM) which was down 1.14% to 603.10 at the close.

Advancing stocks outnumbered falling ones by 949 to 687 and 67 ended unchanged; on the Bombay Stock Exchange, 1548 rose and 1125 declined, while 155 ended unchanged on the India National Stock Exchange.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 3.55% to 19.2300 a new 3-month low.

In commodities trading, Gold Futures for December delivery was up 0.56% or 10.90 to $1957.90 a troy ounce. Meanwhile, Crude oil for delivery in October rose 0.66% or 0.28 to hit $42.62 a barrel, while the November Brent oil contract rose 0.65% or 0.29 to trade at $45.22 a barrel.

USD/INR was down 1.04% to 74.142, while EUR/INR fell 0.72% to 87.7105.

The US Dollar Index Futures was down 0.28% at 92.975.

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