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India shares higher at close of trade; Nifty 50 up 1.30%

Published 24/04/2019, 11:45
© Reuters.  India shares higher at close of trade; Nifty 50 up 1.30%
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Investing.com – India equities were higher at the close on Wednesday, as gains in the Oil & Gas, Technology and Public Sector Undertakings sectors propelled shares higher.

At the close in NSE, the Nifty 50 rose 1.30%, while the BSE Sensex 30 index added 1.27%.

The biggest gainers of the session on the Nifty 50 were Hindustan Petroleum Corporation Ltd (NS:HPCL), which rose 6.04% or 15.40 points to trade at 268.80 at the close. UltraTech Cement Ltd (NS:ULTC) added 5.57% or 233.75 points to end at 4394.65 and Bharat Petroleum Corp. Ltd. (NS:BPCL) was up 3.75% or 12.60 points to 349.00 in late trade.

Biggest losers included Tata Motors Ltd (NS:TAMO), which lost 3.19% or 7.40 points to trade at 223.60 in late trade. Hero MotoCorp Ltd (NS:HROM) declined 0.84% or 22.15 points to end at 2611.90 and Coal India Ltd (NS:COAL) shed 0.59% or 1.50 points to 254.00.

The top performers on the BSE Sensex 30 were HCL Technologies Ltd (BO:HCLT) which rose 3.40% to 1140.50, Oil And Natural Gas Corporation Ltd (BO:ONGC) which was up 2.90% to settle at 168.70 and IndusInd Bank Ltd. (BO:INBK) which gained 2.75% to close at 1700.15.

The worst performers were Tata Motors Ltd (BO:TAMO) which was down 3.33% to 223.70 in late trade, Tata Motors Ltd DVR (BO:TAMdv) which lost 3.18% to settle at 108.00 and Hero MotoCorp Ltd (BO:HROM) which was down 0.60% to 2621.15 at the close.

Advancing stocks outnumbered falling ones by 854 to 716 and 71 ended unchanged; on the Bombay Stock Exchange, 1209 rose and 1202 declined, while 147 ended unchanged on the India National Stock Exchange.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 3.78% to 23.7125.

In commodities trading, Gold Futures for June delivery was up 0.03% or 0.35 to $1273.55 a troy ounce. Meanwhile, Crude oil for delivery in June fell 0.54% or 0.36 to hit $65.94 a barrel, while the June Brent oil contract fell 0.20% or 0.15 to trade at $74.36 a barrel.

USD/INR was up 0.18% to 69.845, while EUR/INR rose 0.04% to 78.3420.

The US Dollar Index Futures was up 0.02% at 97.343.

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