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India shares higher at close of trade; Nifty 50 up 0.21%

Published 24/08/2016, 11:45
© Reuters.  India shares higher at close of trade; Nifty 50 up 0.21%
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Investing.com – India equities were higher at the close on Wednesday, as gains in the Oil & Gas, Healthcare and Public Sector Undertakings sectors propelled shares higher.

At the close in NSE, the Nifty 50 added 0.21%, while the BSE Sensex 30 index climbed 0.25%.

The biggest gainers of the session on the Nifty 50 were Aurobindo Pharma Ltd. (NS:ARBN), which rose 6.95% or 51.20 points to trade at 787.80 at the close. Maruti Suzuki India Ltd. (NS:MRTI) added 2.37% or 114.75 points to end at 4948.55 and Tata Power Co. Ltd (NS:TTPW) was up 2.21% or 1.65 points to 76.45 in late trade.

Biggest losers included Idea Cellular Ltd (NS:IDEA), which lost 2.62% or 2.65 points to trade at 98.35 in late trade. Lupin Ltd (NS:LUPN) declined 2.20% or 34.20 points to end at 1521.70 and Tata Motors DV Ltd (NS:TAMdv) shed 1.52% or 5.00 points to 322.90.

The top performers on the BSE Sensex 30 were Maruti Suzuki India Ltd. (BO:MRTI) which rose 2.40% to 4949.10, Tata Power Co. Ltd (BO:TTPW) which was up 2.27% to settle at 76.45 and Cipla Ltd. (BO:CIPL) which gained 1.97% to close at 565.90.

The worst performers were TATA STEEL LIMITED (BO:TISC) which was down 1.38% to 380.15 in late trade, Tata Consultancy Services Ltd. (BO:TCS) which lost 1.20% to settle at 2571.90 and Tata Motors Ltd. (BO:TAMO) which was down 1.10% to 498.00 at the close.

Advancing stocks outnumbered falling ones by 874 to 594 and 64 ended unchanged; on the Bombay Stock Exchange, 929 rose and 686 declined, while 62 ended unchanged on the India National Stock Exchange.

The India Vix, which measures the implied volatility of Nifty 50 options, was down 2.95% to 13.4875 a new 52-week low.

In commodities trading, Gold for December delivery was down 0.35% or 4.65 to $1341.45 a troy ounce. Meanwhile, Crude oil for delivery in October fell 1.56% or 0.75 to hit $47.35 a barrel, while the October Brent oil contract fell 0.90% or 0.45 to trade at $49.51 a barrel.

USD/INR was unchanged 0.00% to 67.126, while EUR/INR fell 0.21% to 75.7240.

The US Dollar Index was up 0.10% at 94.59.

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