India shares higher at close of trade; Nifty 50 up 0.79%

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India shares higher at close of trade; Nifty 50 up 0.79%
Credit: © Reuters.

Investing.com – India equities were higher at the close on Wednesday, as gains in the Banking , Carbon and Public Sector Undertakings sectors propelled shares higher.

At the close in NSE, the Nifty 50 gained 0.79% to hit a new all time high, while the BSE Sensex 30 index gained 1.02%.

The biggest gainers of the session on the Nifty 50 were Housing Development Finance Corporation Ltd (NS: HDFC ), which rose 4.75% or 121.40 points to trade at 2676.05 at the close. Kotak Mahindra Bank Ltd. (NS: KTKM ) added 3.81% or 64.30 points to end at 1749.95 and ICICI Bank Ltd (NS: ICBK ) was up 3.51% or 24.25 points to 714.65 in late trade.

Biggest losers included Grasim Industries Ltd (NS: GRAS ), which lost 2.47% or 39.40 points to trade at 1553.00 in late trade. Titan Company Ltd (NS: TITN ) declined 2.21% or 40.60 points to end at 1799.60 and Tata Motors Ltd (NS: TAMO ) shed 1.83% or 5.55 points to 298.15.

The top performers on the BSE Sensex 30 were Housing Development Finance Corporation Ltd (BO: HDFC ) which rose 4.77% to 2675.75, Kotak Mahindra Bank Ltd. (BO: KTKM ) which was up 3.74% to settle at 1749.80 and ICICI Bank Ltd (BO: ICBK ) which gained 3.58% to close at 714.75.

The worst performers were Titan Company Ltd (BO: TITN ) which was down 2.14% to 1799.80 in late trade, Nestle India Ltd (BO: NEST ) which lost 1.39% to settle at 18032.90 and UltraTech Cement Ltd (BO: ULTC ) which was down 1.19% to 7754.95 at the close.

Declining stocks outnumbered rising ones by 1255 to 465 and 20 ended unchanged; on the Bombay Stock Exchange, 2062 fell and 1035 advanced, while 104 ended unchanged on the India National Stock Exchange.

The India VIX , which measures the implied volatility of Nifty 50 options, was down 3.89% to 13.2125.

In commodities trading, Gold Futures for December delivery was up 0.15% or 2.75 to $1816.85 a troy ounce. Meanwhile, Crude oil for delivery in September fell 0.47% or 0.33 to hit $70.23 a barrel, while the October Brent oil contract fell 0.22% or 0.16 to trade at $72.25 a barrel.

USD/INR was down 0.12% to 74.158, while EUR/INR fell 0.16% to 87.9140.

The US Dollar Index Futures was up 0.04% at 92.123.

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