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India shares higher at close of trade; Nifty 50 up 0.98%

Published 2019-12-27, 05:45 a/m
© Reuters.  India shares higher at close of trade; Nifty 50 up 0.98%
NSEI
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AXBK
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BPCL
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COAL
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Investing.com – India equities were higher at the close on Friday, as gains in the Public Sector Undertakings, Real Estate and Oil & Gas sectors propelled shares higher.

At the close in NSE, the Nifty 50 added 0.98%, while the BSE Sensex 30 index gained 1.00%.

The biggest gainers of the session on the Nifty 50 were AXIS Bank Ltd (NS:AXBK), which rose 3.31% or 24.40 points to trade at 760.15 at the close. Coal India Ltd (NS:COAL) added 3.50% or 6.90 points to end at 203.50 and Bharat Petroleum Corp. Ltd. (NS:BPCL) was up 2.67% or 12.75 points to 490.95 in late trade.

Biggest losers included Yes Bank Ltd (NS:YESB), which lost 1.44% or 0.70 points to trade at 48.00 in late trade. Wipro Ltd (NS:WIPR) declined 1.02% or 2.55 points to end at 247.55 and Britannia Industries Ltd (NS:BRIT) shed 0.63% or 19.30 points to 3042.10.

The top performers on the BSE Sensex 30 were AXIS Bank Ltd. (BO:AXBK) which rose 3.33% to 760.70, Power Grid Corporation of India Ltd (BO:PGRD) which was up 2.27% to settle at 189.00 and State Bank Of India (BO:SBI) which gained 2.24% to close at 337.25.

The worst performers were Yes Bank Ltd (BO:YESB) which was down 1.44% to 48.00 in late trade, Kotak Mahindra Bank Ltd. (BO:KTKM) which lost 0.42% to settle at 1687.00 and Tata Motors Ltd DVR (BO:TAMdv) which was down 0.21% to 72.65 at the close.

Advancing stocks outnumbered falling ones by 969 to 588 and 74 ended unchanged; on the Bombay Stock Exchange, 1447 rose and 975 declined, while 157 ended unchanged on the India National Stock Exchange.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 5.37% to 10.5250 a new all time low.

In commodities trading, Gold Futures for February delivery was up 0.10% or 1.45 to $1515.85 a troy ounce. Meanwhile, Crude oil for delivery in February rose 0.39% or 0.24 to hit $61.92 a barrel, while the February Brent oil contract rose 0.37% or 0.25 to trade at $68.17 a barrel.

USD/INR was up 0.15% to 71.396, while EUR/INR rose 0.55% to 79.5355.

The US Dollar Index Futures was down 0.26% at 96.865.

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