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India shares higher at close of trade; Nifty 50 up 0.85%

Published 08/11/2021, 10:45
Updated 08/11/2021, 10:45
India shares higher at close of trade; Nifty 50 up 0.85%

India shares higher at close of trade; Nifty 50 up 0.85%

Investing.com – India equities were higher at the close on Monday, as gains in the Oil & Gas, Consumer Durables and Power sectors propelled shares higher.

At the close in NSE, the Nifty 50 gained 0.85%, while the BSE Sensex 30 index gained 0.80%.

The biggest gainers of the session on the Nifty 50 were Titan Company Ltd (NS:TITN), which rose 4.32% or 105.00 points to trade at 2536.75 at the close. Indian Oil Corporation Ltd (NS:IOC) added 4.31% or 5.80 points to end at 140.45 and Bajaj Finserv Ltd (NS:BJFS) was up 4.12% or 725.75 points to 18319.75 in late trade.

Biggest losers included IndusInd Bank Ltd. (NS:INBK), which lost 10.76% or 127.95 points to trade at 1061.15 in late trade. Divi's Laboratories Ltd. (NS:DIVI) declined 5.98% or 311.35 points to end at 4896.70 and Mahindra & Mahindra Ltd. (NS:MAHM) shed 1.37% or 12.00 points to 860.85.

The top performers on the BSE Sensex 30 were Titan Company Ltd (BO:TITN) which rose 4.29% to 2536.90, UltraTech Cement Ltd (BO:ULTC) which was up 4.20% to settle at 8208.00 and Bajaj Finserv Ltd (BO:BJFS) which gained 4.15% to close at 18326.85.

The worst performers were IndusInd Bank Ltd. (BO:INBK) which was down 10.71% to 1061.45 in late trade, Mahindra & Mahindra Ltd. (BO:MAHM) which lost 1.57% to settle at 859.25 and State Bank Of India (BO:SBI) which was down 1.38% to 523.15 at the close.

Advancing stocks outnumbered falling ones by 947 to 823 and 51 ended unchanged; on the Bombay Stock Exchange, 1746 rose and 1522 declined, while 186 ended unchanged on the India National Stock Exchange.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 3.76% to 16.3400.

In commodities trading, Gold Futures for December delivery was up 0.11% or 1.95 to $1818.75 a troy ounce. Meanwhile, Crude oil for delivery in December rose 1.44% or 1.17 to hit $82.44 a barrel, while the January Brent oil contract rose 1.18% or 0.98 to trade at $83.72 a barrel.

USD/INR was down 0.19% to 74.032, while EUR/INR fell 0.17% to 85.6430.

The US Dollar Index Futures was down 0.07% at 94.250.

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