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India shares higher at close of trade; Nifty 50 up 0.66%

Published 07/10/2020, 11:45
© Reuters.  India shares higher at close of trade; Nifty 50 up 0.66%
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Investing.com – India equities were higher at the close on Wednesday, as gains in the Consumer Durables, Auto and IT sectors propelled shares higher.

At the close in NSE, the Nifty 50 rose 0.66% to hit a new 6-month high, while the BSE Sensex 30 index gained 0.77%.

The biggest gainers of the session on the Nifty 50 were Titan Company Ltd (NS:TITN), which rose 4.50% or 53.95 points to trade at 1253.90 at the close. Bajaj Auto Ltd (NS:BAJA) added 3.63% or 107.75 points to end at 3080.00 and Hero MotoCorp Ltd (NS:HROM) was up 2.86% or 89.65 points to 3226.00 in late trade.

Biggest losers included Zee Entertainment Enterprises Ltd. (NS:ZEE), which lost 4.56% or 9.90 points to trade at 207.00 in late trade. Bajaj Finance Ltd (NS:BJFN) declined 4.07% or 141.30 points to end at 3333.00 and Bharat Petroleum Corp. Ltd. (NS:BPCL) shed 2.78% or 9.80 points to 342.25.

The top performers on the BSE Sensex 30 were Titan Company Ltd (BO:TITN) which rose 4.53% to 1254.35, Bajaj Auto Ltd (BO:BAJA) which was up 3.55% to settle at 3078.70 and Maruti Suzuki India Ltd. (BO:MRTI) which gained 2.28% to close at 7047.75.

The worst performers were Bajaj Finance Ltd (BO:BJFN) which was down 4.12% to 3331.20 in late trade, Power Grid Corporation of India Ltd (BO:PGRD) which lost 2.18% to settle at 159.60 and Tata Steel Ltd (BO:TISC) which was down 1.84% to 370.40 at the close.

Declining stocks outnumbered rising ones by 1033 to 599 and 77 ended unchanged; on the Bombay Stock Exchange, 1558 fell and 1032 advanced, while 198 ended unchanged on the India National Stock Exchange.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 2.16% to 20.0600.

In commodities trading, Gold Futures for December delivery was down 0.91% or 17.35 to $1891.45 a troy ounce. Meanwhile, Crude oil for delivery in November fell 2.83% or 1.15 to hit $39.52 a barrel, while the December Brent oil contract fell 2.34% or 1.00 to trade at $41.65 a barrel.

USD/INR was down 0.17% to 73.308, while EUR/INR rose 0.01% to 86.1590.

The US Dollar Index Futures was up 0.12% at 93.852.

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