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India shares higher at close of trade; Nifty 50 up 2.03%

Published 2020-05-13, 06:45 a/m
© Reuters.  India shares higher at close of trade; Nifty 50 up 2.03%
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Investing.com – India equities were higher at the close on Wednesday, as gains in the Capital Goods, Banking and Real Estate sectors propelled shares higher.

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

The biggest gainers of the session on the Nifty 50 were Zee Entertainment Enterprises Ltd. (NS:ZEE), which rose 7.71% or 11.95 points to trade at 167.00 at the close. AXIS Bank Ltd (NS:AXBK) added 7.01% or 27.10 points to end at 413.95 and UltraTech Cement Ltd (NS:ULTC) was up 6.41% or 214.60 points to 3563.95 in late trade.

Biggest losers included Nestle India Ltd (NS:NEST), which lost 5.22% or 911.95 points to trade at 16550.00 in late trade. Sun Pharmaceutical Industries Ltd. (NS:SUN) declined 2.16% or 10.00 points to end at 453.90 and Bharti Airtel Ltd. (NS:BRTI) shed 1.04% or 5.85 points to 554.00.

The top performers on the BSE Sensex 30 were AXIS Bank Ltd. (BO:AXBK) which rose 7.02% to 413.85, UltraTech Cement Ltd (BO:ULTC) which was up 6.55% to settle at 3566.00 and Larsen & Toubro Ltd (BO:LART) which gained 6.22% to close at 865.50.

The worst performers were Nestle India Ltd (BO:NEST) which was down 5.38% to 16518.70 in late trade, Sun Pharmaceutical Industries Ltd. (BO:SUN) which lost 2.47% to settle at 452.40 and Bharti Airtel Ltd (BO:BRTI) which was down 1.05% to 553.75 at the close.

Advancing stocks outnumbered falling ones by 1164 to 357 and 75 ended unchanged; on the Bombay Stock Exchange, 1585 rose and 680 declined, while 162 ended unchanged on the India National Stock Exchange.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 1.65% to 38.8350.

In commodities trading, Gold Futures for June delivery was up 0.04% or 0.70 to $1707.50 a troy ounce. Meanwhile, Crude oil for delivery in June rose 0.43% or 0.11 to hit $25.89 a barrel, while the July Brent oil contract fell 0.03% or 0.01 to trade at $29.97 a barrel.

USD/INR was up 0.41% to 75.339, while EUR/INR rose 0.50% to 81.7920.

The US Dollar Index Futures was down 0.04% at 99.918.

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