2 months ago
Stock Market

India stocks higher at close of trade; Nifty 50 up 0.49%

Investing.com – India stocks were higher after the close on Wednesday, as gains in the Fast Moving Consumer Goods, Banking

Investing.com – India stocks were higher after the close on Wednesday, as gains in the Fast Moving Consumer Goods, Banking and Real Estate sectors led shares higher.

At the close in NSE, the Nifty 50 rose 0.49%, while the BSE Sensex 30 index gained 0.64%.

The best performers of the session on the Nifty 50 were AXIS Bank Ltd (NS:AXBK), which rose 3.12% or 20.30 points to trade at 670.10 at the close. Meanwhile, ITC Ltd (NS:ITC) added 2.55% or 7.25 points to end at 290.40 and Housing Development Finance Corporation Ltd (NS:HDFC) was up 1.65% or 32.35 points to 1994.95 in late trade.

The worst performers of the session were GAIL Ltd (NS:GAIL), which fell 3.84% or 13.60 points to trade at 341.35 at the close. Hindustan Petroleum Corporation Ltd (NS:HPCL) declined 3.95% or 9.80 points to end at 239.00 and Bharat Petroleum Corp. Ltd. (NS:BPCL) was down 3.40% or 11.95 points to 340.05.

The top performers on the BSE Sensex 30 were AXIS Bank Ltd. (BO:AXBK) which rose 2.94% to 670.05, ITC Ltd (BO:ITC) which was up 2.29% to settle at 290.70 and Tata Motors Ltd (BO:TAMO) which gained 2.09% to close at 183.10.

The worst performers were Yes Bank Ltd (BO:YESB) which was down 3.07% to 186.40 in late trade, Tata Steel Ltd (BO:TISC) which lost 2.44% to settle at 479.35 and Hero MotoCorp Ltd (BO:HROM) which was down 1.51% to 2929.95 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 952 to 624 and 76 ended unchanged; on the Bombay Stock Exchange, 1420 fell and 1096 advanced, while 141 ended unchanged.

Shares in AXIS Bank Ltd (NS:AXBK) rose to all time highs; up 3.12% or 20.30 to 670.10. Shares in AXIS Bank Ltd. (BO:AXBK) rose to all time highs; rising 2.94% or 19.15 to 670.05. Shares in Tata Steel Ltd (BO:TISC) fell to 52-week lows; down 2.44% or 12.00 to 479.35.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 2.74% to 15.2700.

Gold Futures for February delivery was down 0.34% or 4.35 to $1281.55 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February rose 2.13% or 1.06 to hit $50.84 a barrel, while the March Brent oil contract rose 1.94% or 1.14 to trade at $59.86 a barrel.

USD/INR was up 0.61% to 70.565, while EUR/INR rose 0.69% to 80.7865.

The US Dollar Index Futures was down 0.03% at 95.450.