India shares higher at close of trade; Nifty 50 up 1.08%

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India shares higher at close of trade; Nifty 50 up 1.08%
Credit: © Reuters. – India equities were higher at the close on Wednesday, as gains in the Metals , Banking and Auto sectors propelled shares higher.

At the close in NSE, the Nifty 50 added 1.08%, while the BSE Sensex 30 index added 1.09%.

The biggest gainers of the session on the Nifty 50 were IndusInd Bank Ltd. (NS: INBK ), which rose 5.74% or 50.65 points to trade at 933.65 at the close. JSW Steel Ltd (NS: JSTL ) added 4.73% or 28.80 points to end at 637.20 and AXIS Bank Ltd (NS: AXBK ) was up 3.65% or 23.95 points to 679.60 in late trade.

Biggest losers included Cipla Ltd. (NS: CIPL ), which lost 4.44% or 43.15 points to trade at 928.15 in late trade. Divi's Laboratories Ltd. (NS: DIVI ) declined 2.59% or 126.60 points to end at 4752.20 and UltraTech Cement Ltd (NS: ULTC ) shed 1.53% or 113.75 points to 7320.00.

The top performers on the BSE Sensex 30 were IndusInd Bank Ltd. (BO: INBK ) which rose 5.73% to 934.25, AXIS Bank Ltd. (BO: AXBK ) which was up 3.46% to settle at 679.80 and State Bank Of India (BO: SBI ) which gained 3.19% to close at 475.30.

The worst performers were Dr. Reddy’s Laboratories Ltd (BO: REDY ) which was down 1.58% to 4607.25 in late trade, UltraTech Cement Ltd (BO: ULTC ) which lost 1.48% to settle at 7324.60 and Sun Pharmaceutical Industries Ltd. (BO: SUN ) which was down 1.14% to 745.35 at the close.

Advancing stocks outnumbered falling ones by 1060 to 707 and 47 ended unchanged; on the Bombay Stock Exchange, 1844 rose and 1312 declined, while 129 ended unchanged on the India National Stock Exchange.

The India VIX , which measures the implied volatility of Nifty 50 options, was down 8.13% to 19.4475.

In commodities trading, Gold Futures for February delivery was up 0.55% or 9.80 to $1786.30 a troy ounce. Meanwhile, Crude oil for delivery in January rose 4.74% or 3.14 to hit $69.32 a barrel, while the February Brent oil contract rose 5.06% or 3.50 to trade at $72.73 a barrel.

USD/INR was down 0.22% to 74.927, while EUR/INR fell 0.32% to 84.8480.

The US Dollar Index Futures was down 0.01% at 96.000.

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