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India shares higher at close of trade; Nifty 50 up 1.87%

Published 2020-08-04, 06:45 a/m
Updated 2020-08-04, 06:45 a/m
India shares higher at close of trade; Nifty 50 up 1.87%

India shares higher at close of trade; Nifty 50 up 1.87%

Investing.com – India equities were higher at the close on Tuesday, as gains in the Real Estate, Banking and Carbon sectors propelled shares higher.

At the close in NSE, the Nifty 50 rose 1.87%, while the BSE Sensex 30 index added 2.03%.

The biggest gainers of the session on the Nifty 50 were Reliance Industries Ltd (NS:RELI), which rose 7.44% or 149.40 points to trade at 2158.40 at the close. Zee Entertainment Enterprises Ltd. (NS:ZEE) added 6.37% or 8.60 points to end at 143.55 and HDFC Bank Ltd (NS:HDBK) was up 3.81% or 38.20 points to 1040.20 in late trade.

Biggest losers included Tech Mahindra Ltd (NS:TEML), which lost 2.79% or 18.80 points to trade at 654.80 in late trade. Bharat Petroleum Corp. Ltd. (NS:BPCL) declined 2.48% or 10.35 points to end at 407.45 and IndusInd Bank Ltd. (NS:INBK) shed 2.00% or 10.05 points to 493.00.

The top performers on the BSE Sensex 30 were Reliance Industries Ltd (BO:RELI) which rose 7.10% to 2151.15, HDFC Bank Ltd (BO:HDBK) which was up 3.94% to settle at 1041.40 and Maruti Suzuki India Ltd. (BO:MRTI) which gained 3.15% to close at 6360.00.

The worst performers were Tech Mahindra Ltd (BO:TEML) which was down 2.75% to 655.00 in late trade, IndusInd Bank Ltd. (BO:INBK) which lost 2.11% to settle at 492.60 and HCL Technologies Ltd (BO:HCLT) which was down 1.88% to 692.75 at the close.

Advancing stocks outnumbered falling ones by 1069 to 516 and 76 ended unchanged; on the Bombay Stock Exchange, 1613 rose and 890 declined, while 123 ended unchanged on the India National Stock Exchange.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 5.44% to 23.8150.

In commodities trading, Gold Futures for October delivery was up 0.33% or 6.60 to $1981.30 a troy ounce. Meanwhile, Crude oil for delivery in September fell 1.44% or 0.59 to hit $40.42 a barrel, while the October Brent oil contract fell 1.43% or 0.63 to trade at $43.52 a barrel.

USD/INR was down 0.14% to 75.072, while EUR/INR fell 0.02% to 88.4050.

The US Dollar Index Futures was down 0.05% at 93.463.

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