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India stocks higher at close of trade; Nifty 50 up 1.17%

Published 07/02/2020, 06:45 AM
© Reuters.  India stocks higher at close of trade; Nifty 50 up 1.17%
NSEI
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NIFVIX
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AXBK
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CIPL
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HCLT
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HROM
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HLL
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ICBK
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MAHM
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VDAN
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TITN
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UPLL
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BSESN
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BSEAUTO
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BSECD
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BSESITIP
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Investing.com – India stocks were higher after the close on Thursday, as gains in the IT, Auto and Consumer Durables sectors led shares higher.

At the close in NSE, the Nifty 50 gained 1.17% to hit a new 3-months high, while the BSE Sensex 30 index climbed 1.21%.

The best performers of the session on the Nifty 50 were Mahindra & Mahindra Ltd. (NS:MAHM), which rose 6.42% or 32.05 points to trade at 531.00 at the close. Meanwhile, Hero MotoCorp Ltd (NS:HROM) added 5.20% or 132.55 points to end at 2680.00 and Cipla Ltd. (NS:CIPL) was up 3.80% or 23.85 points to 650.95 in late trade.

The worst performers of the session were AXIS Bank Ltd (NS:AXBK), which fell 1.95% or 8.45 points to trade at 424.80 at the close. UPL Ltd (NS:UPLL) declined 1.00% or 4.45 points to end at 442.50 and Vedanta Ltd (NS:VDAN) was down 0.88% or 0.95 points to 106.75.

The top performers on the BSE Sensex 30 were Mahindra & Mahindra Ltd. (BO:MAHM) which rose 6.21% to 530.55, Titan Company Ltd (BO:TITN) which was up 3.81% to settle at 984.70 and HCL Technologies Ltd (BO:HCLT) which gained 3.45% to close at 570.50.

The worst performers were AXIS Bank Ltd. (BO:AXBK) which was down 2.24% to 423.55 in late trade, Hindustan Unilever Ltd. (BO:HLL) which lost 0.85% to settle at 2152.20 and ICICI Bank Ltd (BO:ICBK) which was down 0.34% to 362.70 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 995 to 644 and 40 ended unchanged; on the Bombay Stock Exchange, 1604 rose and 1003 declined, while 107 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 5.73% to 26.5075 a new 3-months low.

Gold Futures for August delivery was up 0.23% or 4.15 to $1784.05 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August rose 0.65% or 0.26 to hit $40.08 a barrel, while the September Brent oil contract rose 0.74% or 0.31 to trade at $42.34 a barrel.

USD/INR was down 0.90% to 74.801, while EUR/INR fell 0.59% to 84.4170.

The US Dollar Index Futures was down 0.25% at 96.912.

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