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India stocks higher at close of trade; Nifty 50 up 0.75%

Published 08/17/2018, 06:45 AM
Updated 08/17/2018, 06:45 AM
© Reuters.  India stocks higher at close of trade; Nifty 50 up 0.75%

Investing.com – India stocks were higher after the close on Friday, as gains in the Fast Moving Consumer Goods, Metals and Banking sectors led shares higher.

At the close in NSE, the Nifty 50 gained 0.75% to hit a new all time high, while the BSE Sensex 30 index climbed 0.75%.

The best performers of the session on the Nifty 50 were Grasim Industries Ltd (NS:GRAS), which rose 4.33% or 43.30 points to trade at 1045.85 at the close. Meanwhile, Yes Bank Ltd (NS:YESB) added 4.31% or 16.30 points to end at 393.20 and Lupin Ltd (NS:LUPN) was up 3.55% or 30.20 points to 881.25 in late trade.

The worst performers of the session were GAIL Ltd (NS:GAIL), which fell 1.37% or 5.40 points to trade at 387.70 at the close. Hero MotoCorp Ltd (NS:HROM) declined 0.99% or 32.65 points to end at 3242.30 and Eicher Motors Ltd. (NS:EICH) was down 1.06% or 304.85 points to 28476.15.

The top performers on the BSE Sensex 30 were Yes Bank Ltd (BO:YESB) which rose 3.76% to 392.95, State Bank Of India (BO:SBI) which was up 3.18% to settle at 302.00 and Vedanta Ltd (BO:VDAN) which gained 3.09% to close at 215.00.

The worst performers were Hero MotoCorp Ltd (BO:HROM) which was down 1.14% to 3248.60 in late trade, Oil And Natural Gas Corporation Ltd (BO:ONGC) which lost 0.61% to settle at 163.10 and Maruti Suzuki India Ltd. (BO:MRTI) which was down 0.58% to 9148.30 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 995 to 599 and 62 ended unchanged; on the Bombay Stock Exchange, 1572 rose and 1045 declined, while 148 ended unchanged.

Shares in Yes Bank Ltd (NS:YESB) rose to all time highs; gaining 4.31% or 16.30 to 393.20. Shares in Yes Bank Ltd (BO:YESB) rose to all time highs; up 3.76% or 14.25 to 392.95.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 3.55% to 13.1600.

Gold Futures for December delivery was down 0.01% or 0.10 to $1183.90 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September rose 0.58% or 0.38 to hit $65.84 a barrel, while the October Brent oil contract rose 1.06% or 0.76 to trade at $72.19 a barrel.

USD/INR was up 0.31% to 70.230, while EUR/INR unchanged 0.00% to 79.7270.

The US Dollar Index Futures was down 0.07% at 96.41.

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