India shares higher at close of trade; Nifty 50 up 0.83%

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India shares higher at close of trade; Nifty 50 up 0.83%
Credit: © Reuters.

Investing.com – India equities were higher at the close on Monday, as gains in the Banking , Capital Goods and Carbon sectors propelled shares higher.

At the close in NSE, the Nifty 50 added 0.83% to hit a new 3-month high, while the BSE Sensex 30 index climbed 0.95%.

The biggest gainers of the session on the Nifty 50 were Zee Entertainment Enterprises Ltd. (NS: ZEE ), which rose 4.76% or 9.15 points to trade at 201.20 at the close. Kotak Mahindra Bank Ltd. (NS: KTKM ) added 3.49% or 46.70 points to end at 1386.10 and IndusInd Bank Ltd. (NS: INBK ) was up 3.33% or 17.10 points to 530.65 in late trade.

Biggest losers included Power Grid Corporation of India Ltd (NS: PGRD ), which lost 2.01% or 3.80 points to trade at 185.30 in late trade. Vedanta Ltd (NS: VDAN ) declined 1.87% or 2.45 points to end at 128.25 and Mahindra & Mahindra Ltd. (NS: MAHM ) shed 1.18% or 7.20 points to 602.60.

The top performers on the BSE Sensex 30 were IndusInd Bank Ltd. (BO: INBK ) which rose 3.40% to 531.00, Kotak Mahindra Bank Ltd. (BO: KTKM ) which was up 3.35% to settle at 1384.45 and Bajaj Finance Ltd (BO: BJFN ) which gained 2.96% to close at 3490.55.

The worst performers were Power Grid Corporation of India Ltd (BO: PGRD ) which was down 2.06% to 185.15 in late trade, Tech Mahindra Ltd (BO: TEML ) which lost 1.19% to settle at 723.75 and Mahindra & Mahindra Ltd. (BO: MAHM ) which was down 1.14% to 603.10 at the close.

Advancing stocks outnumbered falling ones by 949 to 687 and 67 ended unchanged; on the Bombay Stock Exchange, 1548 rose and 1125 declined, while 155 ended unchanged on the India National Stock Exchange.

The India VIX , which measures the implied volatility of Nifty 50 options, was down 3.55% to 19.2300 a new 3-month low.

In commodities trading, Gold Futures for December delivery was up 0.56% or 10.90 to $1957.90 a troy ounce. Meanwhile, Crude oil for delivery in October rose 0.66% or 0.28 to hit $42.62 a barrel, while the November Brent oil contract rose 0.65% or 0.29 to trade at $45.22 a barrel.

USD/INR was down 1.04% to 74.142, while EUR/INR fell 0.72% to 87.7105.

The US Dollar Index Futures was down 0.28% at 92.975.

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