India shares higher at close of trade; Nifty 50 up 1.17%

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India shares higher at close of trade; Nifty 50 up 1.17% – India equities were higher at the close on Thursday, as gains in the IT , Auto and Consumer Durables sectors propelled shares higher.

At the close in NSE, the Nifty 50 gained 1.17% to hit a new 3-month high, while the BSE Sensex 30 index added 1.21%.

The biggest gainers of the session on the Nifty 50 were Mahindra & Mahindra Ltd. (NS: MAHM ), which rose 6.42% or 32.05 points to trade at 531.00 at the close. Hero MotoCorp Ltd (NS: HROM ) added 5.20% or 132.55 points to end at 2680.00 and Cipla Ltd. (NS: CIPL ) was up 3.80% or 23.85 points to 650.95 in late trade.

Biggest losers included AXIS Bank Ltd (NS: AXBK ), which lost 1.95% or 8.45 points to trade at 424.80 in late trade. UPL Ltd (NS: UPLL ) declined 1.00% or 4.45 points to end at 442.50 and Vedanta Ltd (NS: VDAN ) shed 0.88% or 0.95 points to 106.75.

The top performers on the BSE Sensex 30 were Mahindra & Mahindra Ltd. (BO: MAHM ) which rose 6.21% to 530.55, Titan Company Ltd (BO: TITN ) which was up 3.81% to settle at 984.70 and HCL Technologies Ltd (BO: HCLT ) which gained 3.45% to close at 570.50.

The worst performers were AXIS Bank Ltd. (BO: AXBK ) which was down 2.24% to 423.55 in late trade, Hindustan Unilever Ltd. (BO: HLL ) which lost 0.85% to settle at 2152.20 and ICICI Bank Ltd (BO: ICBK ) which was down 0.34% to 362.70 at the close.

Advancing stocks outnumbered falling ones by 995 to 644 and 40 ended unchanged; on the Bombay Stock Exchange, 1604 rose and 1003 declined, while 107 ended unchanged on the India National Stock Exchange.

The India VIX , which measures the implied volatility of Nifty 50 options, was down 5.73% to 26.5075 a new 3-month low.

In commodities trading, Gold Futures for August delivery was up 0.23% or 4.15 to $1784.05 a troy ounce. Meanwhile, Crude oil for delivery in August rose 0.65% or 0.26 to hit $40.08 a barrel, while the September Brent oil contract rose 0.74% or 0.31 to trade at $42.34 a barrel.

USD/INR was down 0.90% to 74.801, while EUR/INR fell 0.59% to 84.4170.

The US Dollar Index Futures was down 0.25% at 96.912.

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