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India shares higher at close of trade; Nifty 50 up 1.57%

Published 2022-01-03, 05:45 a/m
India shares higher at close of trade; Nifty 50 up 1.57%
NSEI
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NIFVIX
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BJFN
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BJFS
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CIPL
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COAL
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REDY
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EICH
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ICBK
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MAHM
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TEML
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BSESN
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BSEMET
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BSEPSU
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BSEBANK
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Investing.com – India equities were higher at the close on Monday, as gains in the Banking, Metals and Public Sector Undertakings sectors propelled shares higher.

At the close in NSE, the Nifty 50 added 1.57% to hit a new 1-month high, while the BSE Sensex 30 index added 1.60%.

The biggest gainers of the session on the Nifty 50 were Coal India Ltd (NS:COAL), which rose 6.33% or 9.25 points to trade at 155.30 at the close. Eicher Motors Ltd. (NS:EICH) added 4.90% or 126.90 points to end at 2718.80 and Bajaj Finance Ltd (NS:BJFN) was up 3.47% or 242.30 points to 7219.60 in late trade.

Biggest losers included Cipla Ltd. (NS:CIPL), which lost 1.44% or 13.60 points to trade at 930.50 in late trade. Dr. Reddy’s Laboratories Ltd (NS:REDY) declined 1.10% or 53.85 points to end at 4853.15 and Mahindra & Mahindra Ltd. (NS:MAHM) shed 0.88% or 7.35 points to 829.80.

The top performers on the BSE Sensex 30 were Bajaj Finance Ltd (BO:BJFN) which rose 3.52% to 7222.30, Bajaj Finserv Ltd (BO:BJFS) which was up 3.49% to settle at 16963.00 and ICICI Bank Ltd (BO:ICBK) which gained 3.31% to close at 764.75.

The worst performers were Dr. Reddy’s Laboratories Ltd (BO:REDY) which was down 1.13% to 4853.20 in late trade, Mahindra & Mahindra Ltd. (BO:MAHM) which lost 0.91% to settle at 829.70 and Tech Mahindra Ltd (BO:TEML) which was down 0.30% to 1785.10 at the close.

Advancing stocks outnumbered falling ones by 1385 to 452 and 34 ended unchanged; on the Bombay Stock Exchange, 2592 rose and 856 declined, while 133 ended unchanged on the India National Stock Exchange.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 1.42% to 16.4525.

In commodities trading, Gold Futures for February delivery was down 0.13% or 2.40 to $1826.20 a troy ounce. Meanwhile, Crude oil for delivery in February rose 1.42% or 1.07 to hit $76.28 a barrel, while the March Brent oil contract rose 1.57% or 1.22 to trade at $79.00 a barrel.

USD/INR was down 0.19% to 74.326, while EUR/INR fell 0.33% to 84.3745.

The US Dollar Index Futures was up 0.23% at 95.815.

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