India shares higher at close of trade; Nifty 50 up 0.89%

September 11, 2023 12:45 PM CEST | By Investing
 India shares higher at close of trade; Nifty 50 up 0.89%
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Investing.com – India equities were higher at the close on Monday, as gains in the Power, Auto and Public Sector Undertakings sectors propelled shares higher.

At the close in NSE, the Nifty 50 gained 0.89% to hit a new all time high, while the BSE Sensex 30 index gained 0.79%.

The biggest gainers of the session on the Nifty 50 were Adani Ports and Special Economic Zone Ltd (NS:APSE), which rose 6.96% or 57.45 points to trade at 882.45 at the close. Adani Enterprises Ltd (NS:ADEL) added 3.80% or 95.65 points to end at 2,614.95 and Power Grid Corporation of India Ltd (NS:PGRD) was up 2.26% or 5.85 points to 264.50 in late trade.

Biggest losers included Coal India Ltd (NS:COAL), which lost 1.12% or 3.15 points to trade at 278.95 in late trade. Oil And Natural Gas Corporation Ltd (NS:ONGC) declined 0.57% or 1.05 points to end at 183.40 and Bajaj Finance Ltd (NS:BJFN) shed 0.28% or 20.65 points to 7,390.00.

The top performers on the BSE Sensex 30 were Power Grid Corporation of India Ltd (BO:PGRD) which rose 2.18% to 264.40, Axis Bank Ltd. (BO:AXBK) which was up 1.99% to settle at 1,000.20 and Maruti Suzuki India Ltd. (BO:MRTI) which gained 1.96% to close at 10,534.90.

The worst performers were Larsen&Toubro Ltd (BO:LART) which was down 0.27% to 2,894.05 in late trade, Bajaj Finance Ltd (BO:BJFN) which lost 0.22% to settle at 7,393.00 and IndusInd Bank Ltd. (BO:INBK) which was up 0.16% to 1,450.00 at the close.

Advancing stocks outnumbered falling ones by 1080 to 959 and 66 ended unchanged; on the Bombay Stock Exchange, 1996 rose and 1643 declined, while 164 ended unchanged on the India National Stock Exchange.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 5.26% to 11.35.

In commodities trading, Gold Futures for December delivery was up 0.34% or 6.65 to $1,949.35 a troy ounce. Meanwhile, Crude oil for delivery in October fell 0.55% or 0.48 to hit $87.03 a barrel, while the November Brent oil contract fell 0.29% or 0.26 to trade at $90.39 a barrel.

USD/INR was down 0.13% to 83.02, while EUR/INR rose 0.31% to 89.09.

The US Dollar Index Futures was down 0.39% at 104.30.

This article first appeared in Investing.com


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