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India shares higher at close of trade; Nifty 50 up 1.11%

Published 25/07/2016, 11:45
© Reuters.  India shares higher at close of trade; Nifty 50 up 1.11%
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Investing.com – India equities were higher at the close on Monday, as gains in the Public Sector Undertakings, Banking and Oil & Gas sectors propelled shares higher.

At the close in NSE, the Nifty 50 rose 1.11% to hit a new 52-week high, while the BSE Sensex 30 index added 1.05%.

The biggest gainers of the session on the Nifty 50 were Bharat Heavy Electricals Ltd. (NS:BHEL), which rose 4.54% or 6.40 points to trade at 147.30 at the close. Bank Of Baroda (NS:BOB) added 3.42% or 5.15 points to end at 155.85 and Maruti Suzuki India Ltd. (NS:MRTI) was up 3.08% or 135.85 points to 4550.55 in late trade.

Biggest losers included Dr. Reddy's Laboratories Ltd. (NS:REDY), which lost 3.26% or 117.50 points to trade at 3482.35 in late trade. GAIL Ltd (NS:GAIL) declined 0.79% or 3.10 points to end at 391.65 and Bajaj Auto Limited (NS:BAJA) shed 0.73% or 19.75 points to 2700.85.

The top performers on the BSE Sensex 30 were Bharat Heavy Electricals Ltd. (BO:BHEL) which rose 4.29% to 147.10, Maruti Suzuki India Ltd. (BO:MRTI) which was up 3.11% to settle at 4550.60 and State Bank Of India (BO:SBI) which gained 2.86% to close at 229.85.

The worst performers were Dr. Reddy's Laboratories Ltd. (BO:REDY) which was down 3.62% to 3474.85 in late trade, Gail (India) Ltd. (BO:GAIL) which lost 1.04% to settle at 390.95 and Bajaj Auto Limited (BO:BAJA) which was down 0.76% to 2700.00 at the close.

Advancing stocks outnumbered falling ones by 998 to 473 and 64 ended unchanged; on the Bombay Stock Exchange, 1074 rose and 543 declined, while 63 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 15.7175.

In commodities trading, Gold for December delivery was down 0.45% or 6.00 to $1325.50 a troy ounce. Meanwhile, Crude oil for delivery in September fell 0.63% or 0.28 to hit $43.91 a barrel, while the October Brent oil contract fell 0.63% or 0.29 to trade at $45.80 a barrel.

USD/INR was up 0.25% to 67.319, while EUR/INR rose 0.32% to 73.9510.

The US Dollar Index was down 0.05% at 97.36.

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