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India shares higher at close of trade; Nifty 50 up 0.74%

Published 2017-03-06, 05:45 a/m
© Reuters.  India shares higher at close of trade; Nifty 50 up 0.74%
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Investing.com – India equities were higher at the close on Monday, as gains in the Oil & Gas, Auto and Power sectors propelled shares higher.

At the close in NSE, the Nifty 50 gained 0.74% to hit a new 52-week high, while the BSE Sensex 30 index added 0.75%.

The biggest gainers of the session on the Nifty 50 were Reliance Industries Ltd (NS:RELI), which rose 3.93% or 49.45 points to trade at 1308.00 at the close. Adani Ports & Special Economic Zone (NS:APSE) added 2.58% or 7.65 points to end at 304.00 and Tata Motors Ltd . (NS:TAMO) was up 2.24% or 10.30 points to 470.25 in late trade.

Biggest losers included Grasim Industries Ltd (NS:GRAS), which lost 1.62% or 16.50 points to trade at 1004.50 in late trade. Aurobindo Pharma Ltd. (NS:ARBN) declined 1.16% or 7.85 points to end at 667.05 and Idea Cellular Ltd (NS:IDEA) shed 0.95% or 1.05 points to 109.50.

The top performers on the BSE Sensex 30 were Reliance Industries Ltd (BO:RELI) which rose 3.69% to 1304.90, Adani Ports & Special Economic Zone (BO:APSE) which was up 2.48% to settle at 303.55 and Tata Motors Ltd. (BO:TAMO) which gained 2.30% to close at 470.70.

The worst performers were Tata Consultancy Services Ltd. (BO:TCS) which was down 0.87% to 2470.65 in late trade, Hindustan Unilever Ltd. (BO:HLL) which lost 0.70% to settle at 871.00 and Dr. Reddy's Laboratories Ltd. (BO:REDY) which was down 0.49% to 2858.25 at the close.

Advancing stocks outnumbered falling ones by 806 to 692 and 78 ended unchanged; on the Bombay Stock Exchange, 1465 rose and 1364 declined, while 172 ended unchanged on the India National Stock Exchange.

The India Vix, which measures the implied volatility of Nifty 50 options, was up 2.15% to 13.6400.

In commodities trading, Gold Futures for April delivery was up 0.47% or 5.75 to $1232.25 a troy ounce. Meanwhile, Crude oil for delivery in April fell 0.49% or 0.26 to hit $53.07 a barrel, while the May Brent oil contract fell 0.47% or 0.26 to trade at $55.64 a barrel.

USD/INR was down 0.04% to 66.715, while EUR/INR fell 0.39% to 70.6557.

The US Dollar Index Futures was up 0.21% at 101.56.

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