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India stocks higher at close of trade; Nifty 50 up 0.38%

Published 07/02/2019, 06:45 AM
© Reuters.  India stocks higher at close of trade; Nifty 50 up 0.38%
NSEI
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NIFVIX
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BRTI
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HDFC
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ONGC
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SUN
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TAMO
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UPLL
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YESB
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BSEOIL
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Investing.com – India stocks were higher after the close on Tuesday, as gains in the Oil & Gas, IT and Power sectors led shares higher.

At the close in NSE, the Nifty 50 rose 0.38%, while the BSE Sensex 30 index gained 0.33%.

The best performers of the session on the Nifty 50 were UPL Ltd (NS:UPLL), which rose 3.75% or 23.72 points to trade at 656.15 at the close. Meanwhile, Indiabulls Housing Finance Ltd (NS:INBF) added 2.83% or 17.60 points to end at 642.40 and Oil And Natural Gas Corporation Ltd (NS:ONGC) was up 2.98% or 4.80 points to 165.65 in late trade.

The worst performers of the session were Yes Bank Ltd (NS:YESB), which fell 7.65% or 8.35 points to trade at 100.80 at the close. Tata Motors Ltd (NS:TAMO) declined 2.68% or 4.50 points to end at 163.75 and Sun Pharmaceutical Industries Ltd. (NS:SUN) was down 2.63% or 10.65 points to 395.55.

The top performers on the BSE Sensex 30 were Oil And Natural Gas Corporation Ltd (BO:ONGC) which rose 2.89% to 165.70, Housing Development Finance Corporation Ltd (BO:HDFC) which was up 1.50% to settle at 2280.70 and Bharti Airtel Ltd (BO:BRTI) which gained 1.43% to close at 353.50.

The worst performers were Yes Bank Ltd (BO:YESB) which was down 7.60% to 100.85 in late trade, Tata Motors Ltd (BO:TAMO) which lost 2.47% to settle at 163.70 and Sun Pharmaceutical Industries Ltd. (BO:SUN) which was down 2.36% to 395.55 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 859 to 718 and 64 ended unchanged; on the Bombay Stock Exchange, 1300 fell and 1103 advanced, while 147 ended unchanged.

Shares in Yes Bank Ltd (NS:YESB) fell to 5-year lows; falling 7.65% or 8.35 to 100.80. Shares in Yes Bank Ltd (BO:YESB) fell to 5-year lows; falling 7.60% or 8.30 to 100.85. Shares in Housing Development Finance Corporation Ltd (BO:HDFC) rose to all time highs; rising 1.50% or 33.80 to 2280.70.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 2.41% to 14.2500.

Gold Futures for August delivery was up 0.41% or 5.65 to $1394.95 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August fell 0.19% or 0.11 to hit $58.98 a barrel, while the September Brent oil contract fell 0.26% or 0.17 to trade at $64.89 a barrel.

USD/INR was up 0.12% to 68.983, while EUR/INR rose 0.34% to 77.9935.

The US Dollar Index Futures was down 0.11% at 96.300.

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