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India shares higher at close of trade; Nifty 50 up 1.17%

Published 02/07/2020, 08:45 pm
Updated 02/07/2020, 08:45 pm
India shares higher at close of trade; Nifty 50 up 1.17%

Investing.com – India equities were higher at the close on Thursday, as gains in the IT, Auto and Consumer Durables sectors propelled shares higher.

At the close in NSE, the Nifty 50 gained 1.17% to hit a new 3-month high, while the BSE Sensex 30 index added 1.21%.

The biggest gainers of the session on the Nifty 50 were Mahindra & Mahindra Ltd. (NS:MAHM), which rose 6.42% or 32.05 points to trade at 531.00 at the close. Hero MotoCorp Ltd (NS:HROM) added 5.20% or 132.55 points to end at 2680.00 and Cipla Ltd. (NS:CIPL) was up 3.80% or 23.85 points to 650.95 in late trade.

Biggest losers included AXIS Bank Ltd (NS:AXBK), which lost 1.95% or 8.45 points to trade at 424.80 in late trade. UPL Ltd (NS:UPLL) declined 1.00% or 4.45 points to end at 442.50 and Vedanta Ltd (NS:VDAN) shed 0.88% or 0.95 points to 106.75.

The top performers on the BSE Sensex 30 were Mahindra & Mahindra Ltd. (BO:MAHM) which rose 6.21% to 530.55, Titan Company Ltd (BO:TITN) which was up 3.81% to settle at 984.70 and HCL Technologies Ltd (BO:HCLT) which gained 3.45% to close at 570.50.

The worst performers were AXIS Bank Ltd. (BO:AXBK) which was down 2.24% to 423.55 in late trade, Hindustan Unilever Ltd. (BO:HLL) which lost 0.85% to settle at 2152.20 and ICICI Bank Ltd (BO:ICBK) which was down 0.34% to 362.70 at the close.

Advancing stocks outnumbered falling ones by 995 to 644 and 40 ended unchanged; on the Bombay Stock Exchange, 1604 rose and 1003 declined, while 107 ended unchanged on the India National Stock Exchange.

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The India VIX, which measures the implied volatility of Nifty 50 options, was down 5.73% to 26.5075 a new 3-month low.

In commodities trading, Gold Futures for August delivery was up 0.23% or 4.15 to $1784.05 a troy ounce. Meanwhile, Crude oil for delivery in August rose 0.65% or 0.26 to hit $40.08 a barrel, while the September Brent oil contract rose 0.74% or 0.31 to trade at $42.34 a barrel.

USD/INR was down 0.90% to 74.801, while EUR/INR fell 0.59% to 84.4170.

The US Dollar Index Futures was down 0.25% at 96.912.

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