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India shares higher at close of trade; Nifty 50 up 0.89%

Published 23/08/2017, 08:45 pm
© Reuters.  India shares higher at close of trade; Nifty 50 up 0.89%
NSEI
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Investing.com – India equities were higher at the close on Wednesday, as gains in the Real Estate, Metals and Banking sectors propelled shares higher.

At the close in NSE, the Nifty 50 rose 0.89%, while the BSE Sensex 30 index climbed 0.88%.

The biggest gainers of the session on the Nifty 50 were Indiabulls Housing Finance Ltd (NS:INBF), which rose 3.86% or 45.40 points to trade at 1221.75 at the close. Adani Port and Special Economic Zone Ltd (NS:APSE) added 2.49% or 9.35 points to end at 385.00 and Tata Steel Ltd (NS:TISC) was up 2.42% or 15.00 points to 634.60 in late trade.

Biggest losers included Tech Mahindra Ltd (NS:TEML), which lost 1.74% or 7.65 points to trade at 430.20 in late trade. Tata Power Co. Ltd (NS:TTPW) declined 1.62% or 1.30 points to end at 78.75 and Bharti Infratel Ltd (NS:BHRI) shed 1.30% or 5.05 points to 382.80.

The top performers on the BSE Sensex 30 were Adani Port and Special Economic Zone Ltd (BO:APSE) which rose 2.79% to 384.95, Bharti Airtel Ltd (BO:BRTI) which was up 2.41% to settle at 431.80 and Tata Steel Ltd (BO:TISC) which gained 2.28% to close at 633.40.

The worst performers were Hindustan Unilever Ltd. (BO:HLL) which was down 1.05% to 1188.20 in late trade, Sun Pharmaceutical Industries Ltd. (BO:SUN) which lost 0.45% to settle at 468.75 and ITC Ltd (BO:ITC) which was down 0.28% to 282.25 at the close.

Advancing stocks outnumbered falling ones by 1038 to 498 and 24 ended unchanged; on the Bombay Stock Exchange, 1562 rose and 931 declined, while 130 ended unchanged on the India National Stock Exchange.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 6.54% to 13.1825.

In commodities trading, Gold Futures for December delivery was up 0.10% or 1.33 to $1292.33 a troy ounce. Meanwhile, Crude oil for delivery in October fell 0.27% or 0.13 to hit $47.70 a barrel, while the October Brent oil contract fell 0.44% or 0.23 to trade at $51.64 a barrel.

USD/INR was up 0.08% to 64.115, while EUR/INR rose 0.25% to 75.5447.

The US Dollar Index Futures was down 0.09% at 93.34.

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