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India stocks higher at close of trade; Nifty 50 up 1.00%

Published 11/24/2020, 05:45 AM
Updated 11/24/2020, 05:45 AM
© Reuters.  India stocks higher at close of trade; Nifty 50 up 1.00%

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

At the close in NSE, the Nifty 50 gained 1.00% to hit a new all time high, while the BSE Sensex 30 index gained 1.01%.

The best performers of the session on the Nifty 50 were Adani Port and Special Economic Zone Ltd (NS:APSE), which rose 4.46% or 16.75 points to trade at 391.90 at the close. Meanwhile, AXIS Bank Ltd (NS:AXBK) added 3.93% or 23.40 points to end at 619.00 and HDFC Bank Ltd (NS:HDBK) was up 3.54% or 49.40 points to 1444.00 in late trade.

The worst performers of the session were Titan Company Ltd (NS:TITN), which fell 1.45% or 19.60 points to trade at 1328.00 at the close. Housing Development Finance Corporation Ltd (NS:HDFC) declined 1.37% or 30.80 points to end at 2220.00 and Bharat Petroleum Corp. Ltd. (NS:BPCL) was down 1.17% or 4.60 points to 389.85.

The top performers on the BSE Sensex 30 were AXIS Bank Ltd. (BO:AXBK) which rose 4.02% to 619.55, HDFC Bank Ltd (BO:HDBK) which was up 3.47% to settle at 1443.25 and Mahindra & Mahindra Ltd. (BO:MAHM) which gained 3.47% to close at 729.75.

The worst performers were Housing Development Finance Corporation Ltd (BO:HDFC) which was down 1.47% to 2217.65 in late trade, Titan Company Ltd (BO:TITN) which lost 1.36% to settle at 1327.95 and Nestle India Ltd (BO:NEST) which was down 0.71% to 17665.00 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 965 to 663 and 82 ended unchanged; on the Bombay Stock Exchange, 1581 rose and 1137 declined, while 176 ended unchanged.

Shares in HDFC Bank Ltd (NS:HDBK) rose to all time highs; gaining 3.54% or 49.40 to 1444.00. Shares in HDFC Bank Ltd (BO:HDBK) rose to 3-years highs; gaining 3.47% or 48.40 to 1443.25. Shares in Mahindra & Mahindra Ltd. (BO:MAHM) rose to 52-week highs; up 3.47% or 24.50 to 729.75.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 1.25% to 21.0575.

Gold Futures for December delivery was down 1.24% or 22.75 to $1815.05 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January rose 0.93% or 0.40 to hit $43.46 a barrel, while the February Brent oil contract rose 0.74% or 0.34 to trade at $46.38 a barrel.

USD/INR was down 0.33% to 74.002, while EUR/INR rose 0.05% to 87.9525.

The US Dollar Index Futures was down 0.31% at 92.207.

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