India shares higher at close of trade; Nifty 50 up 1.38%

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India shares higher at close of trade; Nifty 50 up 1.38%
Credit: © Reuters. – India equities were higher at the close on Thursday, as gains in the IT , Technology and Banking sectors propelled shares higher.

At the close in NSE, the Nifty 50 rose 1.38% to hit a new 1-month high, while the BSE Sensex 30 index gained 1.54%.

The biggest gainers of the session on the Nifty 50 were Kotak Mahindra Bank Ltd. (NS: KTKM ), which rose 8.31% or 95.75 points to trade at 1247.90 at the close. Tata Consultancy Services Ltd. (NS: TCS ) added 5.52% or 97.60 points to end at 1867.10 and Infosys Ltd (NS: INFY ) was up 5.16% or 33.15 points to 675.00 in late trade.

Biggest losers included Yes Bank Ltd (NS: YESB ), which lost 4.39% or 1.30 points to trade at 28.30 in late trade. Titan Company Ltd (NS: TITN ) declined 3.73% or 35.50 points to end at 915.90 and Hindustan Unilever Ltd. (NS: HLL ) shed 2.73% or 65.15 points to 2321.00.

The top performers on the BSE Sensex 30 were Kotak Mahindra Bank Ltd. (BO: KTKM ) which rose 8.59% to 1249.85, Tata Consultancy Services Ltd. (BO: TCS ) which was up 5.97% to settle at 1876.90 and Infosys Ltd (BO: INFY ) which gained 5.16% to close at 675.20.

The worst performers were Titan Company Ltd (BO: TITN ) which was down 3.75% to 916.45 in late trade, Hindustan Unilever Ltd. (BO: HLL ) which lost 2.97% to settle at 2315.85 and Power Grid Corporation of India Ltd (BO: PGRD ) which was down 2.37% to 158.40 at the close.

Advancing stocks outnumbered falling ones by 958 to 561 and 79 ended unchanged; on the Bombay Stock Exchange, 1389 rose and 911 declined, while 166 ended unchanged on the India National Stock Exchange.

The India VIX , which measures the implied volatility of Nifty 50 options, was down 8.39% to 39.2300 a new 1-month low.

In commodities trading, Gold Futures for June delivery was up 0.59% or 10.25 to $1748.55 a troy ounce. Meanwhile, Crude oil for delivery in June rose 10.38% or 1.43 to hit $15.21 a barrel, while the June Brent oil contract rose 6.63% or 1.35 to trade at $21.72 a barrel.

USD/INR was down 0.31% to 76.160, while EUR/INR fell 0.84% to 81.9865.

The US Dollar Index Futures was up 0.28% at 100.808.

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