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India shares higher at close of trade; Nifty 50 up 2.89%

Published 23/09/2019, 08:45 pm
© Reuters.  India shares higher at close of trade; Nifty 50 up 2.89%
NSEI
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BJFN
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BPCL
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OMAX
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Investing.com – India equities were higher at the close on Monday, as gains in the Capital Goods, Banking and Fast Moving Consumer Goods sectors propelled shares higher.

At the close in NSE, the Nifty 50 added 2.89% to hit a new 1-month high, while the BSE Sensex 30 index climbed 2.83%.

The biggest gainers of the session on the Nifty 50 were Bharat Petroleum Corp. Ltd. (NS:BPCL), which rose 13.66% or 55.15 points to trade at 450.85 at the close. Bajaj Finance Ltd (NS:BJFN) added 8.91% or 329.80 points to end at 4023.75 and Larsen & Toubro Ltd (NS:LART) was up 9.14% or 128.95 points to 1528.50 in late trade.

Biggest losers included Zee Entertainment Enterprises Ltd. (NS:ZEE), which lost 8.08% or 24.35 points to trade at 271.60 in late trade. Infosys Ltd (NS:INFY) declined 4.97% or 40.00 points to end at 764.35 and Power Grid Corporation of India Ltd (NS:PGRD) shed 4.36% or 8.55 points to 188.30.

The top performers on the BSE Sensex 30 were Sobha Developers Ltd. (BO:SOBH) which rose 6.39% to 537.10, Godrej Properties Ltd (BO:GODR) which was up 5.57% to settle at 1013.90 and Sunteck Realty Ltd (BO:SUNT) which gained 5.06% to close at 455.00.

The worst performers were Indiabulls Real Estate Ltd (BO:INRL) which was down 0.67% to 59.10 in late trade, DLF Ltd (BO:DLF) which lost 0.45% to settle at 167.50 and Omaxe Ltd (BO:OMAX) which was up 0.57% to 193.70 at the close.

Advancing stocks outnumbered falling ones by 1064 to 514 and 76 ended unchanged; on the Bombay Stock Exchange, 1553 rose and 929 declined, while 174 ended unchanged on the India National Stock Exchange.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 9.04% to 16.7925.

In commodities trading, Gold Futures for December delivery was up 0.83% or 12.65 to $1527.75 a troy ounce. Meanwhile, Crude oil for delivery in November fell 0.57% or 0.33 to hit $57.76 a barrel, while the November Brent oil contract fell 0.44% or 0.28 to trade at $64.00 a barrel.

USD/INR was down 0.21% to 70.912, while EUR/INR fell 0.48% to 77.9185.

The US Dollar Index Futures was up 0.19% at 98.320.

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