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India shares higher at close of trade; Nifty 50 up 1.15%

Published 16/07/2020, 11:45
Updated 16/07/2020, 11:45
© Reuters.  India shares higher at close of trade; Nifty 50 up 1.15%

© Reuters. India shares higher at close of trade; Nifty 50 up 1.15%

Investing.com – India equities were higher at the close on Thursday, as gains in the IT, Technology and Green Energy sectors propelled shares higher.

At the close in NSE, the Nifty 50 rose 1.15%, while the BSE Sensex 30 index gained 1.16%.

The biggest gainers of the session on the Nifty 50 were Infosys Ltd (NS:INFY), which rose 9.51% or 79.05 points to trade at 910.00 at the close. Bharat Petroleum Corp. Ltd. (NS:BPCL) added 6.90% or 25.50 points to end at 395.10 and Cipla Ltd. (NS:CIPL) was up 5.55% or 35.40 points to 673.60 in late trade.

Biggest losers included Bharti Infratel Ltd (NS:BHRI), which lost 7.04% or 14.35 points to trade at 189.60 in late trade. Tech Mahindra Ltd (NS:TEML) declined 2.66% or 16.35 points to end at 598.95 and ITC Ltd (NS:ITC) shed 2.44% or 4.85 points to 193.85.

The top performers on the BSE Sensex 30 were Infosys Ltd (BO:INFY) which rose 9.56% to 910.90, Mahindra & Mahindra Ltd. (BO:MAHM) which was up 3.43% to settle at 568.80 and Nestle India Ltd (BO:NEST) which gained 3.22% to close at 17450.00.

The worst performers were Tech Mahindra Ltd (BO:TEML) which was down 2.67% to 598.50 in late trade, ITC Ltd (BO:ITC) which lost 2.42% to settle at 193.70 and NTPC Ltd (BO:NTPC) which was down 1.36% to 86.80 at the close.

Declining stocks outnumbered rising ones by 968 to 626 and 68 ended unchanged; on the Bombay Stock Exchange, 1445 fell and 1009 advanced, while 151 ended unchanged on the India National Stock Exchange.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 3.53% to 25.3625.

In commodities trading, Gold Futures for August delivery was down 0.31% or 5.70 to $1808.10 a troy ounce. Meanwhile, Crude oil for delivery in August fell 1.04% or 0.43 to hit $40.77 a barrel, while the September Brent oil contract fell 0.64% or 0.28 to trade at $43.51 a barrel.

USD/INR was up 0.18% to 75.258, while EUR/INR rose 0.03% to 85.7415.

The US Dollar Index Futures was up 0.17% at 96.207.

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