India stocks higher at close of trade; Nifty 50 up 0.35%

India stocks higher at close of trade; Nifty 50 up 0.35%

© Reuters.  India stocks higher at close of trade; Nifty 50 up 0.35% © Reuters. India stocks higher at close of trade; Nifty 50 up 0.35%

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

At the close in NSE, the added 0.35% to hit a new all time high, while the BSE Sensex 30 index added 0.28%.

The best performers of the session on the Nifty 50 were UltraTech Cement Ltd (NS:ULTC), which rose 4.42% or 227.25 points to trade at 5374.00 at the close. Meanwhile, Grasim Industries Ltd (NS:GRAS) added 3.03% or 27.60 points to end at 937.10 and Shree Cements Ltd. (NS:SHCM) was up 2.98% or 710.20 points to 24549.85 in late trade.

The worst performers of the session were IndusInd Bank Ltd. (NS:INBK), which fell 1.47% or 13.45 points to trade at 899.45 at the close. Sun Pharmaceutical Industries Ltd. (NS:SUN) declined 1.10% or 6.50 points to end at 584.10 and AXIS Bank Ltd (NS:AXBK) was down 1.05% or 6.60 points to 623.60.

The top performers on the BSE Sensex 30 were UltraTech Cement Ltd (BO:ULTC) which rose 4.59% to 5380.00, Bajaj Finance Ltd (BO:BJFN) which was up 2.66% to settle at 5336.00 and Maruti Suzuki India Ltd. (BO:MRTI) which gained 2.00% to close at 7603.00.

The worst performers were IndusInd Bank Ltd. (BO:INBK) which was down 1.60% to 898.95 in late trade, Sun Pharmaceutical Industries Ltd. (BO:SUN) which lost 1.13% to settle at 583.85 and AXIS Bank Ltd. (BO:AXBK) which was down 0.99% to 624.00 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 879 to 747 and 83 ended unchanged; on the Bombay Stock Exchange, 1611 rose and 1236 declined, while 166 ended unchanged.

Shares in UltraTech Cement Ltd (NS:ULTC) rose to all time highs; up 4.42% or 227.25 to 5374.00. Shares in UltraTech Cement Ltd (BO:ULTC) rose to all time highs; rising 4.59% or 236.20 to 5380.00. Shares in Bajaj Finance Ltd (BO:BJFN) rose to all time highs; rising 2.66% or 138.30 to 5336.00.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 1.54% to 21.1100.

Gold Futures for February delivery was down 0.02% or 0.35 to $1882.55 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February rose 0.71% or 0.34 to hit $48.34 a barrel, while the March Brent oil contract rose 0.61% or 0.31 to trade at $51.54 a barrel.

USD/INR was down 0.23% to 73.223, while EUR/INR rose 0.06% to 89.9345.

The US Dollar Index Futures was down 0.27% at 89.677.

Original Article

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