Selloff or Market Correction? Either Way, Here's What to Do NextSee Overvalued Stocks

India shares higher at close of trade; Nifty 50 up 0.93%

Published 11/11/2020, 09:45 pm
© Reuters India shares higher at close of trade; Nifty 50 up 0.93%
NSEI
-
NIFVIX
-
AXBK
-
BJFS
-
REDY
-
HALC
-
INBK
-
RELI
-
TISC
-
TITN
-
BSESN
-
BSESHLIP
-
BSEMET
-
BSEGRNX
-

Investing.com – India equities were higher at the close on Wednesday, as gains in the Metals, Healthcare and Green Energy sectors propelled shares higher.

At the close in NSE, the Nifty 50 added 0.93% to hit a new all time high, while the BSE Sensex 30 index climbed 0.73%.

The biggest gainers of the session on the Nifty 50 were Hindalco Industries Ltd. (NS:HALC), which rose 7.77% or 14.95 points to trade at 207.30 at the close. Tata Steel Ltd (NS:TISC) added 7.72% or 34.10 points to end at 476.00 and Dr. Reddy’s Laboratories Ltd (NS:REDY) was up 4.26% or 200.00 points to 4898.00 in late trade.

Biggest losers included IndusInd Bank Ltd. (NS:INBK), which lost 5.26% or 43.95 points to trade at 791.25 in late trade. Reliance Industries Ltd (NS:RELI) declined 4.07% or 84.75 points to end at 1999.80 and Titan Company Ltd (NS:TITN) shed 2.00% or 26.15 points to 1279.25.

The top performers on the BSE Sensex 30 were Tata Steel Ltd (BO:TISC) which rose 7.39% to 474.50, AXIS Bank Ltd. (BO:AXBK) which was up 4.35% to settle at 608.90 and Bajaj Finserv Ltd (BO:BJFS) which gained 4.02% to close at 6955.50.

The worst performers were IndusInd Bank Ltd. (BO:INBK) which was down 5.62% to 788.15 in late trade, Reliance Industries Ltd (BO:RELI) which lost 4.20% to settle at 1996.90 and Titan Company Ltd (BO:TITN) which was down 2.03% to 1278.50 at the close.

Advancing stocks outnumbered falling ones by 844 to 748 and 99 ended unchanged; on the Bombay Stock Exchange, 1384 rose and 1250 declined, while 194 ended unchanged on the India National Stock Exchange.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 2.11% to 22.0325.

In commodities trading, Gold Futures for December delivery was down 0.06% or 1.10 to $1875.30 a troy ounce. Meanwhile, Crude oil for delivery in December rose 3.89% or 1.61 to hit $42.97 a barrel, while the January Brent oil contract rose 3.71% or 1.62 to trade at $45.23 a barrel.

USD/INR was up 0.11% to 74.359, while EUR/INR fell 0.14% to 87.6305.

The US Dollar Index Futures was up 0.16% at 92.888.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.