India shares higher at close of trade; Nifty 50 up 1.57%

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India shares higher at close of trade; Nifty 50 up 1.57% – India equities were higher at the close on Monday, as gains in the Banking , Metals and Public Sector Undertakings sectors propelled shares higher.

At the close in NSE, the Nifty 50 added 1.57% to hit a new 1-month high, while the BSE Sensex 30 index added 1.60%.

The biggest gainers of the session on the Nifty 50 were Coal India Ltd (NS: COAL ), which rose 6.33% or 9.25 points to trade at 155.30 at the close. Eicher Motors Ltd. (NS: EICH ) added 4.90% or 126.90 points to end at 2718.80 and Bajaj Finance Ltd (NS: BJFN ) was up 3.47% or 242.30 points to 7219.60 in late trade.

Biggest losers included Cipla Ltd. (NS: CIPL ), which lost 1.44% or 13.60 points to trade at 930.50 in late trade. Dr. Reddy’s Laboratories Ltd (NS: REDY ) declined 1.10% or 53.85 points to end at 4853.15 and Mahindra & Mahindra Ltd. (NS: MAHM ) shed 0.88% or 7.35 points to 829.80.

The top performers on the BSE Sensex 30 were Bajaj Finance Ltd (BO: BJFN ) which rose 3.52% to 7222.30, Bajaj Finserv Ltd (BO: BJFS ) which was up 3.49% to settle at 16963.00 and ICICI Bank Ltd (BO: ICBK ) which gained 3.31% to close at 764.75.

The worst performers were Dr. Reddy’s Laboratories Ltd (BO: REDY ) which was down 1.13% to 4853.20 in late trade, Mahindra & Mahindra Ltd. (BO: MAHM ) which lost 0.91% to settle at 829.70 and Tech Mahindra Ltd (BO: TEML ) which was down 0.30% to 1785.10 at the close.

Advancing stocks outnumbered falling ones by 1385 to 452 and 34 ended unchanged; on the Bombay Stock Exchange, 2592 rose and 856 declined, while 133 ended unchanged on the India National Stock Exchange.

The India VIX , which measures the implied volatility of Nifty 50 options, was up 1.42% to 16.4525.

In commodities trading, Gold Futures for February delivery was down 0.13% or 2.40 to $1826.20 a troy ounce. Meanwhile, Crude oil for delivery in February rose 1.42% or 1.07 to hit $76.28 a barrel, while the March Brent oil contract rose 1.57% or 1.22 to trade at $79.00 a barrel.

USD/INR was down 0.19% to 74.326, while EUR/INR fell 0.33% to 84.3745.

The US Dollar Index Futures was up 0.23% at 95.815.

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