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India shares higher at close of trade; Nifty 50 up 1.21%

Published 29/11/2018, 10:45
© Reuters.  India shares higher at close of trade; Nifty 50 up 1.21%
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Investing.com – India equities were higher at the close on Thursday, as gains in the Metals, Banking and Real Estate sectors propelled shares higher.

At the close in NSE, the Nifty 50 added 1.21% to hit a new 1-month high, while the BSE Sensex 30 index climbed 1.27%.

The biggest gainers of the session on the Nifty 50 were Bajaj Auto Ltd (NS:BAJA), which rose 4.16% or 108.20 points to trade at 2724.00 at the close. Kotak Mahindra Bank Ltd. (NS:KTKM) added 4.20% or 48.75 points to end at 1212.95 and Hindalco Industries Ltd. (NS:HALC) was up 4.07% or 8.80 points to 224.50 in late trade.

Biggest losers included HCL Technologies Ltd (NS:HCLT), which lost 2.50% or 26.10 points to trade at 1013.45 in late trade. Power Grid Corporation of India Ltd (NS:PGRD) declined 2.22% or 4.10 points to end at 180.50 and Oil And Natural Gas Corporation Ltd (NS:ONGC) shed 1.26% or 1.80 points to 140.60.

The top performers on the BSE Sensex 30 were Bajaj Auto Ltd (BO:BAJA) which rose 4.68% to 2725.05, Kotak Mahindra Bank Ltd. (BO:KTKM) which was up 4.24% to settle at 1210.15 and Mahindra & Mahindra Ltd. (BO:MAHM) which gained 3.32% to close at 773.20.

The worst performers were Power Grid Corporation of India Ltd (BO:PGRD) which was down 1.55% to 181.20 in late trade, Oil And Natural Gas Corporation Ltd (BO:ONGC) which lost 1.33% to settle at 140.75 and NTPC Ltd (BO:NTPC) which was down 1.05% to 142.00 at the close.

Advancing stocks outnumbered falling ones by 804 to 788 and 69 ended unchanged; on the Bombay Stock Exchange, 1263 rose and 1261 declined, while 134 ended unchanged on the India National Stock Exchange.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 4.11% to 18.6975.

In commodities trading, Gold Futures for February delivery was up 0.16% or 2.00 to $1231.80 a troy ounce. Meanwhile, Crude oil for delivery in January fell 0.76% or 0.38 to hit $49.91 a barrel, while the February Brent oil contract fell 1.07% or 0.63 to trade at $58.46 a barrel.

USD/INR was down 0.78% to 69.845, while EUR/INR fell 1.19% to 79.3255.

The US Dollar Index Futures was up 0.17% at 96.845.

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