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

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India shares higher at close of trade; Nifty 50 up 0.74% – India equities were higher at the close on Thursday, as gains in the Oil & Gas , Healthcare and Technology sectors propelled shares higher.

At the close in NSE, the Nifty 50 rose 0.74%, while the BSE Sensex 30 index climbed 0.78%.

The biggest gainers of the session on the Nifty 50 were Dr. Reddy’s Laboratories Ltd (NS: REDY ), which rose 2.95% or 123.75 points to trade at 4,322.90 at the close. Bharat Petroleum Corp. Ltd. (NS: BPCL ) added 2.76% or 8.95 points to end at 332.85 and Reliance Industries Ltd (NS: RELI ) was up 2.74% or 74.70 points to 2,798.75 in late trade.

Biggest losers included Tata Steel Ltd (NS: TISC ), which lost 3.86% or 41.90 points to trade at 1,044.85 in late trade. Shree Cements Ltd. (NS: SHCM ) declined 1.96% or 384.75 points to end at 19,199.00 and Tata Motors Ltd (NS: TAMO ) shed 1.64% or 7.15 points to 428.50.

The top performers on the BSE Sensex 30 were Dr. Reddy’s Laboratories Ltd (BO: REDY ) which rose 3.00% to 4,326.10, Reliance Industries Ltd (BO: RELI ) which was up 2.73% to settle at 2,798.60 and Bharti Airtel Ltd (BO: BRTI ) which gained 2.01% to close at 676.50.

The worst performers were Tata Steel Ltd (BO: TISC ) which was down 3.81% to 1,045.35 in late trade, NTPC Ltd (BO: NTPC ) which lost 1.18% to settle at 155.20 and UltraTech Cement Ltd (BO: ULTC ) which was down 0.93% to 5,481.80 at the close.

Advancing stocks outnumbered falling ones by 943 to 864 and 58 ended unchanged; on the Bombay Stock Exchange, 1695 rose and 1505 declined, while 123 ended unchanged on the India National Stock Exchange.

The India VIX , which measures the implied volatility of Nifty 50 options, was down 3.52% to 19.14 a new 1-month low.

In commodities trading, Gold Futures for August delivery was down 0.30% or 5.50 to $1,851.00 a troy ounce. Meanwhile, Crude oil for delivery in July fell 0.20% or 0.25 to hit $121.86 a barrel, while the August Brent oil contract fell 0.14% or 0.17 to trade at $123.41 a barrel.

USD/INR was up 0.03% to 77.72, while EUR/INR rose 0.16% to 83.36.

The US Dollar Index Futures was down 0.15% at 102.39.

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