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India stocks higher at close of trade; Nifty 50 up 0.76%

Stock Markets Aug 28, 2020 06:45AM ET
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India stocks higher at close of trade; Nifty 50 up 0.76%
 
NSEI
+2.29%
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NIFVIX
-8.40%
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AXBK
+2.77%
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HROM
+3.81%
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INBK
+5.45%
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INFY
+2.56%
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Investing.com – India stocks were higher after the close on Friday, as gains in the Banking, Public Sector Undertakings and Carbon sectors led shares higher.

At the close in NSE, the Nifty 50 added 0.76% to hit a new 6-months high, while the BSE Sensex 30 index added 0.90%.

The best performers of the session on the Nifty 50 were IndusInd Bank Ltd. (NS:INBK), which rose 11.74% or 71.15 points to trade at 677.00 at the close. Meanwhile, AXIS Bank Ltd (NS:AXBK) added 7.74% or 36.60 points to end at 509.65 and UPL Ltd (NS:UPLL) was up 4.88% or 24.25 points to 521.00 in late trade.

The worst performers of the session were JSW Steel Ltd (NS:JSTL), which fell 2.87% or 8.30 points to trade at 281.00 at the close. Hero MotoCorp Ltd (NS:HROM) declined 2.34% or 73.60 points to end at 3068.15 and Power Grid Corporation of India Ltd (NS:PGRD) was down 1.46% or 2.70 points to 182.50.

The top performers on the BSE Sensex 30 were IndusInd Bank Ltd. (BO:INBK) which rose 8.43% to 656.60, AXIS Bank Ltd. (BO:AXBK) which was up 7.73% to settle at 509.60 and Sun Pharmaceutical Industries Ltd. (BO:SUN) which gained 4.30% to close at 555.80.

The worst performers were Power Grid Corporation of India Ltd (BO:PGRD) which was down 1.24% to 182.90 in late trade, Infosys Ltd (BO:INFY) which lost 1.22% to settle at 934.85 and Maruti Suzuki India Ltd. (BO:MRTI) which was down 1.05% to 7030.00 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 980 to 632 and 80 ended unchanged; on the Bombay Stock Exchange, 1539 fell and 1158 advanced, while 150 ended unchanged.

Shares in Sun Pharmaceutical Industries Ltd. (BO:SUN) rose to 52-week highs; rising 4.30% or 22.90 to 555.80.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 2.90% to 18.3475 a new 6-months low.

Gold Futures for December delivery was up 1.67% or 32.30 to $1964.90 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in October unchanged 0.00% or 0.00 to hit $43.04 a barrel, while the November Brent oil contract fell 0.04% or 0.02 to trade at $45.58 a barrel.

USD/INR was down 0.80% to 73.299, while EUR/INR fell 0.16% to 87.2115.

The US Dollar Index Futures was down 0.67% at 92.365.

India stocks higher at close of trade; Nifty 50 up 0.76%
 

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