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India shares higher at close of trade; Nifty 50 up 0.63%

Published 2017-07-31, 06:45 a/m
© Reuters.  India shares higher at close of trade; Nifty 50 up 0.63%
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Investing.com – India equities were higher at the close on Monday, as gains in the Consumer Durables, Metals and Public Sector Undertakings sectors propelled shares higher.

At the close in NSE, the Nifty 50 rose 0.63% to hit a new all time high, while the BSE Sensex 30 index gained 0.63%.

The biggest gainers of the session on the Nifty 50 were State Bank Of India (NS:SBI), which rose 4.48% or 13.40 points to trade at 312.50 at the close. Power Grid Corporation of India Ltd (NS:PGRD) added 4.03% or 8.65 points to end at 223.30 and Oil And Natural Gas Corporation Ltd (NS:ONGC) was up 2.82% or 4.65 points to 169.40 in late trade.

Biggest losers included Sun Pharmaceutical Industries Ltd. (NS:SUN), which lost 3.48% or 19.15 points to trade at 531.65 in late trade. Dr. Reddy’s Laboratories Ltd (NS:REDY) declined 3.32% or 81.75 points to end at 2383.20 and Lupin Ltd (NS:LUPN) shed 3.00% or 31.90 points to 1032.00.

The top performers on the BSE Sensex 30 were State Bank Of India (BO:SBI) which rose 4.46% to 312.55, Power Grid Corporation of India Ltd (BO:PGRD) which was up 4.23% to settle at 223.05 and Tata Steel Ltd (BO:TISC) which gained 2.89% to close at 567.55.

The worst performers were Sun Pharmaceutical Industries Ltd. (BO:SUN) which was down 3.47% to 531.70 in late trade, Dr. Reddy’s Laboratories Ltd (BO:REDY) which lost 3.11% to settle at 2385.50 and Lupin Ltd (BO:LUPN) which was down 2.90% to 1032.00 at the close.

Declining stocks outnumbered rising ones by 858 to 709 and 11 ended unchanged; on the Bombay Stock Exchange, 1401 fell and 1221 advanced, while 163 ended unchanged on the India National Stock Exchange.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 6.85% to 11.9000 a new 1-month high.

In commodities trading, Gold Futures for August delivery was down 0.15% or 1.86 to $1266.54 a troy ounce. Meanwhile, Crude oil for delivery in September fell 0.40% or 0.20 to hit $49.51 a barrel, while the October Brent oil contract fell 0.33% or 0.17 to trade at $52.05 a barrel.

USD/INR was up 0.04% to 64.160, while EUR/INR fell 0.06% to 75.2827.

The US Dollar Index Futures was up 0.14% at 93.33.

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