India shares higher at close of trade; Nifty 50 up 0.08%

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India shares higher at close of trade; Nifty 50 up 0.08% – India equities were higher at the close on Wednesday, as gains in the Power , Capital Goods and Public Sector Undertakings sectors propelled shares higher.

At the close in NSE, the Nifty 50 gained 0.08% to hit a new 6-month high, while the BSE Sensex 30 index climbed 0.04%.

The biggest gainers of the session on the Nifty 50 were Punjab National Bank (NS: PNBK ), which rose 3.93% or 3.05 points to trade at 80.70 at the close. Tata Power Co. Ltd (NS: TTPW ) added 2.65% or 1.95 points to end at 75.45 and HCL Technologies Ltd (NS: HCLT ) was up 2.31% or 16.80 points to 743.50 in late trade.

Biggest losers included Kotak Mahindra Bank Ltd. (NS: KTKM ), which lost 1.64% or 12.70 points to trade at 759.35 in late trade. Infosys Ltd (NS: INFY ) declined 1.53% or 19.30 points to end at 1238.10 and Zee Entertainment Enterprises Ltd. (NS: ZEE ) shed 1.52% or 7.05 points to 455.75.

The top performers on the BSE Sensex 30 were Tata Power Co. Ltd (BO: TTPW ) which rose 2.72% to 75.55, Bharat Heavy Electricals Ltd. (BO: BHEL ) which was up 1.80% to settle at 121.40 and Vedanta Ltd (BO: VDAN ) which gained 1.78% to close at 111.80.

The worst performers were Infosys Ltd (BO: INFY ) which was down 1.50% to 1238.30 in late trade, HDFC Bank Ltd. (BO: HDBK ) which lost 1.00% to settle at 1162.40 and Tata Consultancy Services Ltd. (BO: TCS ) which was down 0.77% to 2611.10 at the close.

Advancing stocks outnumbered falling ones by 952 to 486 and 57 ended unchanged; on the Bombay Stock Exchange, 1003 rose and 587 declined, while 50 ended unchanged on the India National Stock Exchange.

The India Vix , which measures the implied volatility of Nifty 50 options, was up 1.83% to 15.1425.

In commodities trading, Gold for August delivery was up 0.68% or 8.45 to $1255.45 a troy ounce. Meanwhile, Crude oil for delivery in July rose 1.29% or 0.65 to hit $51.01 a barrel, while the August Brent oil contract rose 1.34% or 0.69 to trade at $52.13 a barrel.

USD/INR was down 0.01% to 66.653, while EUR/INR rose 0.08% to 75.7740.

The US Dollar Index was down 0.14% at 93.71.

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