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India shares higher at close of trade; Nifty 50 up 0.99%

Published 2018-07-27, 06:45 a/m
© Reuters.  India shares higher at close of trade; Nifty 50 up 0.99%
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Investing.com – India equities were higher at the close on Friday, as gains in the Fast Moving Consumer Goods, Consumer Durables and Metals sectors propelled shares higher.

At the close in NSE, the Nifty 50 rose 0.99% to hit a new all time high, while the BSE Sensex 30 index climbed 0.95%.

The biggest gainers of the session on the Nifty 50 were ITC Ltd (NS:ITC), which rose 5.01% or 14.40 points to trade at 302.55 at the close. Indian Oil Corporation Ltd (NS:IOC) added 4.12% or 6.55 points to end at 165.40 and Tata Motors Ltd (NS:TAMO) was up 3.83% or 9.90 points to 268.15 in late trade.

Biggest losers included Dr. Reddy’s Laboratories Ltd (NS:REDY), which lost 2.36% or 50.25 points to trade at 2083.20 in late trade. Bajaj Finserv Ltd (NS:BJFS) declined 1.57% or 110.25 points to end at 6927.20 and Adani Port and Special Economic Zone Ltd (NS:APSE) shed 1.08% or 4.30 points to 394.65.

The top performers on the BSE Sensex 30 were ITC Ltd (BO:ITC) which rose 5.24% to 302.20, Tata Motors Ltd DVR (BO:TAMdv) which was up 4.48% to settle at 149.10 and Tata Motors Ltd (BO:TAMO) which gained 3.56% to close at 267.70.

The worst performers were Power Grid Corporation of India Ltd (BO:PGRD) which was down 1.72% to 179.60 in late trade, Adani Port and Special Economic Zone Ltd (BO:APSE) which lost 1.44% to settle at 394.25 and Coal India Ltd (BO:COAL) which was down 1.04% to 261.95 at the close.

Advancing stocks outnumbered falling ones by 1065 to 539 and 51 ended unchanged; on the Bombay Stock Exchange, 1613 rose and 920 declined, while 158 ended unchanged on the India National Stock Exchange.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 2.35% to 12.3100.

In commodities trading, Gold Futures for August delivery was down 0.62% or 7.60 to $1218.10 a troy ounce. Meanwhile, Crude oil for delivery in September fell 0.20% or 0.14 to hit $69.47 a barrel, while the September Brent oil contract fell 0.05% or 0.04 to trade at $74.50 a barrel.

USD/INR was down 0.06% to 68.705, while EUR/INR rose 0.00% to 79.9380.

The US Dollar Index Futures was up 0.06% at 94.63.

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