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

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India shares higher at close of trade; Nifty 50 up 0.38% – India equities were higher at the close on Tuesday, as gains in the Real Estate , Banking and Auto sectors propelled shares higher.

At the close in NSE, the Nifty 50 gained 0.38% to hit a new 1-month high, while the BSE Sensex 30 index gained 0.45%.

The biggest gainers of the session on the Nifty 50 were AXIS Bank Ltd (NS: AXBK ), which rose 2.35% or 16.10 points to trade at 700.60 at the close. IndusInd Bank Ltd. (NS: INBK ) added 2.00% or 17.05 points to end at 868.10 and Mahindra & Mahindra Ltd. (NS: MAHM ) was up 1.96% or 22.85 points to 1,186.25 in late trade.

Biggest losers included Oil And Natural Gas Corporation Ltd (NS: ONGC ), which lost 1.54% or 2.00 points to trade at 127.90 in late trade. Nestle India Ltd (NS: NEST ) declined 1.33% or 247.70 points to end at 18,377.70 and HDFC Life Insurance Company Ltd (NS: HDFL ) shed 1.26% or 6.85 points to 535.90.

The top performers on the BSE Sensex 30 were AXIS Bank Ltd. (BO: AXBK ) which rose 2.35% to 700.55, IndusInd Bank Ltd. (BO: INBK ) which was up 2.09% to settle at 868.50 and Mahindra & Mahindra Ltd. (BO: MAHM ) which gained 1.89% to close at 1,185.05.

The worst performers were Nestle India Ltd (BO: NEST ) which was down 1.37% to 18,363.90 in late trade, HCL Technologies Ltd (BO: HCLT ) which lost 1.14% to settle at 890.05 and Sun Pharmaceutical Industries Ltd. (BO: SUN ) which was down 0.83% to 875.45 at the close.

Advancing stocks outnumbered falling ones by 1116 to 699 and 55 ended unchanged; on the Bombay Stock Exchange, 1937 rose and 1248 declined, while 142 ended unchanged on the India National Stock Exchange.

The India VIX , which measures the implied volatility of Nifty 50 options, was up 0.25% to 17.20.

In commodities trading, Gold Futures for August delivery was up 0.20% or 3.45 to $1,713.65 a troy ounce. Meanwhile, Crude oil for delivery in September fell 0.87% or 0.86 to hit $98.56 a barrel, while the September Brent oil contract fell 0.88% or 0.93 to trade at $105.34 a barrel.

USD/INR was down 0.10% to 79.94, while EUR/INR rose 1.02% to 81.96.

The US Dollar Index Futures was down 0.78% at 106.39.

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