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India stocks higher at close of trade; Nifty 50 up 1.87%

imageStock Markets5 hours ago (Aug 04, 2020 06:45AM ET)

(C) Reuters. India stocks higher at close of trade; Nifty 50 up 1.87% – India stocks were higher after the close on Tuesday, as gains in the Real Estate, Banking and Carbon sectors led shares higher.

At the close in NSE, the Nifty 50 rose 1.87%, while the BSE Sensex 30 index gained 2.03%.

The best performers of the session on the Nifty 50 were Reliance Industries Ltd (NS:RELI), which rose 7.44% or 149.40 points to trade at 2158.40 at the close. Meanwhile, Zee Entertainment Enterprises Ltd. (NS:ZEE) added 6.37% or 8.60 points to end at 143.55 and HDFC Bank Ltd (NS:HDBK) was up 3.81% or 38.20 points to 1040.20 in late trade.

The worst performers of the session were Tech Mahindra Ltd (NS:TEML), which fell 2.79% or 18.80 points to trade at 654.80 at the close. Bharat Petroleum Corp. Ltd. (NS:BPCL) declined 2.48% or 10.35 points to end at 407.45 and IndusInd Bank Ltd. (NS:INBK) was down 2.00% or 10.05 points to 493.00.

The top performers on the BSE Sensex 30 were Reliance Industries Ltd (BO:RELI) which rose 7.10% to 2151.15, HDFC Bank Ltd (BO:HDBK) which was up 3.94% to settle at 1041.40 and Maruti Suzuki India Ltd. (BO:MRTI) which gained 3.15% to close at 6360.00.

The worst performers were Tech Mahindra Ltd (BO:TEML) which was down 2.75% to 655.00 in late trade, IndusInd Bank Ltd. (BO:INBK) which lost 2.11% to settle at 492.60 and HCL Technologies Ltd (BO:HCLT) which was down 1.88% to 692.75 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1069 to 516 and 76 ended unchanged; on the Bombay Stock Exchange, 1613 rose and 890 declined, while 123 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 5.44% to 23.8150.

Gold Futures for October delivery was up 0.33% or 6.60 to $1981.30 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September fell 1.46% or 0.60 to hit $40.41 a barrel, while the October Brent oil contract fell 1.43% or 0.63 to trade at $43.52 a barrel.

USD/INR was down 0.14% to 75.073, while EUR/INR fell 0.02% to 88.4050.

The US Dollar Index Futures was down 0.05% at 93.463.

India stocks higher at close of trade; Nifty 50 up 1.87%

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