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India stocks higher at close of trade; Nifty 50 up 3.05%

Published 04/17/2020, 06:45 AM
Updated 04/17/2020, 06:45 AM
© Reuters.  India stocks higher at close of trade; Nifty 50 up 3.05%

Investing.com – India stocks were higher after the close on Friday, as gains in the Banking, Auto and Real Estate sectors led shares higher.

At the close in NSE, the Nifty 50 rose 3.05% to hit a new 1-month high, while the BSE Sensex 30 index gained 3.22%.

The best performers of the session on the Nifty 50 were AXIS Bank Ltd (NS:AXBK), which rose 13.93% or 58.85 points to trade at 481.40 at the close. Meanwhile, Eicher Motors Ltd. (NS:EICH) added 9.94% or 1328.65 points to end at 14700.00 and ICICI Bank Ltd (NS:ICBK) was up 9.65% or 33.00 points to 375.00 in late trade.

The worst performers of the session were Nestle India Ltd (NS:NEST), which fell 2.90% or 519.10 points to trade at 17376.15 at the close. Hindustan Unilever Ltd. (NS:HLL) declined 2.02% or 49.10 points to end at 2387.00 and Bharti Infratel Ltd (NS:BHRI) was down 1.92% or 3.30 points to 168.20.

The top performers on the BSE Sensex 30 were AXIS Bank Ltd. (BO:AXBK) which rose 13.45% to 480.05, ICICI Bank Ltd (BO:ICBK) which was up 9.89% to settle at 375.95 and IndusInd Bank Ltd. (BO:INBK) which gained 9.13% to close at 474.70.

The worst performers were Nestle India Ltd (BO:NEST) which was down 2.71% to 17399.95 in late trade, Hindustan Unilever Ltd. (BO:HLL) which lost 2.14% to settle at 2384.45 and Tech Mahindra Ltd (BO:TEML) which was down 1.43% to 510.50 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1199 to 323 and 85 ended unchanged; on the Bombay Stock Exchange, 1644 rose and 660 declined, while 160 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 7.60% to 42.5925 a new 1-month low.

Gold Futures for June delivery was down 1.84% or 31.80 to $1699.90 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May fell 5.64% or 1.12 to hit $18.75 a barrel, while the June Brent oil contract rose 2.19% or 0.61 to trade at $28.43 a barrel.

USD/INR was down 0.40% to 76.481, while EUR/INR fell 0.49% to 82.7975.

The US Dollar Index Futures was up 0.10% at 100.198.

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