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India shares higher at close of trade; Nifty 50 up 1.01%

Published 2020-07-09, 06:45 a/m
© Reuters.  India shares higher at close of trade; Nifty 50 up 1.01%
NSEI
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BJFN
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COAL
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HALC
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ONGC
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SBI
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Investing.com – India equities were higher at the close on Thursday, as gains in the Metals, Banking and Carbon sectors propelled shares higher.

At the close in NSE, the Nifty 50 rose 1.01% to hit a new 3-month high, while the BSE Sensex 30 index climbed 1.12%.

The biggest gainers of the session on the Nifty 50 were Hindalco Industries Ltd. (NS:HALC), which rose 6.58% or 10.20 points to trade at 165.20 at the close. State Bank Of India (NS:SBI) added 4.14% or 7.95 points to end at 199.85 and Bajaj Finance Ltd (NS:BJFN) was up 3.81% or 122.15 points to 3330.20 in late trade.

Biggest losers included Bharti Infratel Ltd (NS:BHRI), which lost 1.94% or 4.25 points to trade at 215.10 in late trade. Coal India Ltd (NS:COAL) declined 1.54% or 2.05 points to end at 130.80 and Tech Mahindra Ltd (NS:TEML) shed 1.20% or 7.00 points to 576.45.

The top performers on the BSE Sensex 30 were Bajaj Finance Ltd (BO:BJFN) which rose 3.93% to 3329.60, State Bank Of India (BO:SBI) which was up 3.72% to settle at 199.10 and Tata Steel Ltd (BO:TISC) which gained 3.05% to close at 344.40.

The worst performers were Oil And Natural Gas Corporation Ltd (BO:ONGC) which was down 1.29% to 80.50 in late trade, Tech Mahindra Ltd (BO:TEML) which lost 1.27% to settle at 576.45 and Tata Consultancy Services Ltd. (BO:TCS) which was down 0.60% to 2204.35 at the close.

Advancing stocks outnumbered falling ones by 879 to 735 and 55 ended unchanged; on the Bombay Stock Exchange, 1335 rose and 1209 declined, while 143 ended unchanged on the India National Stock Exchange.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 4.55% to 24.9125 a new 3-month low.

In commodities trading, Gold Futures for August delivery was down 0.06% or 1.15 to $1819.45 a troy ounce. Meanwhile, Crude oil for delivery in August fell 0.32% or 0.13 to hit $40.77 a barrel, while the September Brent oil contract rose 0.16% or 0.07 to trade at $43.36 a barrel.

USD/INR was up 0.12% to 75.029, while EUR/INR rose 0.09% to 84.9785.

The US Dollar Index Futures was up 0.08% at 96.442.

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