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India stocks higher at close of trade; Nifty 50 up 0.74%

Published 07/23/2020, 06:45 AM
© Reuters.  India stocks higher at close of trade; Nifty 50 up 0.74%
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Investing.com – India stocks were higher after the close on Thursday, as gains in the Healthcare, Real Estate and Auto sectors led shares higher.

At the close in NSE, the Nifty 50 rose 0.74% to hit a new 3-months high, while the BSE Sensex 30 index added 0.71%.

The best performers of the session on the Nifty 50 were Eicher Motors Ltd. (NS:EICH), which rose 4.87% or 969.45 points to trade at 20860.00 at the close. Meanwhile, Reliance Industries Ltd (NS:RELI) added 3.59% or 72.00 points to end at 2076.00 and ICICI Bank Ltd (NS:ICBK) was up 3.59% or 13.70 points to 394.80 in late trade.

The worst performers of the session were AXIS Bank Ltd (NS:AXBK), which fell 3.77% or 18.05 points to trade at 460.90 at the close. Shree Cements Ltd. (NS:SHCM) declined 1.91% or 419.45 points to end at 21560.00 and Hindustan Unilever Ltd. (NS:HLL) was down 1.43% or 32.10 points to 2216.40.

The top performers on the BSE Sensex 30 were ICICI Bank Ltd (BO:ICBK) which rose 3.52% to 394.50, State Bank Of India (BO:SBI) which was up 3.28% to settle at 198.30 and Reliance Industries Ltd (BO:RELI) which gained 2.82% to close at 2060.65.

The worst performers were AXIS Bank Ltd. (BO:AXBK) which was down 3.80% to 460.85 in late trade, Hindustan Unilever Ltd. (BO:HLL) which lost 1.36% to settle at 2217.55 and Infosys Ltd (BO:INFY) which was down 0.97% to 910.50 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 889 to 701 and 76 ended unchanged; on the Bombay Stock Exchange, 1368 rose and 1138 declined, while 137 ended unchanged.

Shares in Reliance Industries Ltd (NS:RELI) rose to all time highs; rising 3.59% or 72.00 to 2076.00. Shares in Reliance Industries Ltd (BO:RELI) rose to all time highs; up 2.82% or 56.55 to 2060.65.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 0.98% to 24.6400.

Gold Futures for August delivery was up 0.88% or 16.35 to $1881.45 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September fell 0.14% or 0.06 to hit $41.84 a barrel, while the September Brent oil contract fell 0.20% or 0.09 to trade at $44.20 a barrel.

USD/INR was up 0.26% to 74.791, while EUR/INR rose 0.43% to 86.6720.

The US Dollar Index Futures was down 0.12% at 94.817.

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