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India stocks higher at close of trade; Nifty 50 up 0.67%

Stock Markets Oct 09, 2020 06:45AM ET
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© Reuters. India stocks higher at close of trade; Nifty 50 up 0.67%

Investing.com – India stocks were higher after the close on Friday, as gains in the Banking, Public Sector Undertakings and Capital Goods sectors led shares higher.

At the close in NSE, the Nifty 50 gained 0.67% to hit a new 6-months high, while the BSE Sensex 30 index climbed 0.81%.

The best performers of the session on the Nifty 50 were Wipro Ltd (NS:WIPR), which rose 4.40% or 15.80 points to trade at 375.25 at the close. Meanwhile, ICICI Bank Ltd (NS:ICBK) added 4.06% or 15.75 points to end at 403.25 and AXIS Bank Ltd (NS:AXBK) was up 3.74% or 16.90 points to 468.80 in late trade.

The worst performers of the session were Zee Entertainment Enterprises Ltd. (NS:ZEE), which fell 3.69% or 7.60 points to trade at 198.30 at the close. Bharti Infratel Ltd (NS:BHRI) declined 2.75% or 5.25 points to end at 185.75 and Grasim Industries Ltd (NS:GRAS) was down 2.69% or 20.75 points to 749.60.

The top performers on the BSE Sensex 30 were AXIS Bank Ltd. (BO:AXBK) which rose 3.64% to 468.20, ICICI Bank Ltd (BO:ICBK) which was up 3.64% to settle at 401.65 and HDFC Bank Ltd (BO:HDBK) which gained 3.57% to close at 1234.40.

The worst performers were Sun Pharmaceutical Industries Ltd. (BO:SUN) which was down 2.08% to 513.15 in late trade, Asian Paints Ltd. (BO:ASPN) which lost 1.92% to settle at 2050.40 and Nestle India Ltd (BO:NEST) which was down 1.68% to 16027.05 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 896 to 714 and 82 ended unchanged; on the Bombay Stock Exchange, 1424 fell and 1181 advanced, while 158 ended unchanged.

Shares in Wipro Ltd (NS:WIPR) rose to 5-year highs; gaining 4.40% or 15.80 to 375.25.

The India VIX, which measures the implied volatility of Nifty 50 options, was unchanged 0.00% to 20.3800.

Gold Futures for December delivery was up 1.38% or 26.10 to $1921.20 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November fell 0.87% or 0.36 to hit $40.83 a barrel, while the December Brent oil contract fell 0.74% or 0.32 to trade at $43.02 a barrel.

USD/INR was down 0.25% to 73.106, while EUR/INR rose 0.12% to 86.2795.

The US Dollar Index Futures was down 0.32% at 93.347.

India stocks higher at close of trade; Nifty 50 up 0.67%
 

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