India stocks higher at close of trade; Nifty 50 up 0.80%

© Reuters. India stocks higher at close of trade; Nifty 50 up 0.80%

AiVIF.com – India stocks were higher after the close on Wednesday, as gains in the Public Sector Undertakings, Power and Technology sectors led shares higher.

At the close in NSE, the Nifty 50 gained 0.80% to hit a new all time high, while the BSE Sensex 30 index climbed 0.82%.

The best performers of the session on the Nifty 50 were NTPC Ltd (NS:NTPC), which rose 7.16% or 8.30 points to trade at 124.20 at the close. Meanwhile, Bharti Airtel Ltd. (NS:BRTI) added 4.51% or 31.30 points to end at 725.50 and Coal India Ltd (NS:COAL) was up 4.10% or 6.35 points to 161.05 in late trade.

The worst performers of the session were Tata Consumer Products Ltd (NS:TACN), which fell 1.11% or 9.75 points to trade at 871.55 at the close. Bharat Petroleum Corp. Ltd. (NS:BPCL) declined 0.64% or 3.15 points to end at 489.95 and Nestle India Ltd (NS:NEST) was down 0.55% or 111.25 points to 20119.20.

The top performers on the BSE Sensex 30 were NTPC Ltd (BO:NTPC) which rose 7.16% to 124.20, Bharti Airtel Ltd (BO:BRTI) which was up 4.53% to settle at 725.55 and HCL Technologies Ltd (BO:HCLT) which gained 2.86% to close at 1273.75.

The worst performers were AXIS Bank Ltd. (BO:AXBK) which was down 0.38% to 791.50 in late trade, Asian Paints Ltd. (BO:ASPN) which lost 0.31% to settle at 3351.50 and UltraTech Cement Ltd (BO:ULTC) which was down 0.27% to 7836.00 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1119 to 602 and 49 ended unchanged; on the Bombay Stock Exchange, 1940 rose and 1200 declined, while 110 ended unchanged.

Shares in NTPC Ltd (NS:NTPC) rose to 52-week highs; up 7.16% or 8.30 to 124.20. Shares in Bharti Airtel Ltd. (NS:BRTI) rose to all time highs; gaining 4.51% or 31.30 to 725.50. Shares in NTPC Ltd (BO:NTPC) rose to 52-week highs; rising 7.16% or 8.30 to 124.20. Shares in Bharti Airtel Ltd (BO:BRTI) rose to all time highs; gaining 4.53% or 31.45 to 725.55. Shares in HCL Technologies Ltd (BO:HCLT) rose to all time highs; rising 2.86% or 35.45 to 1273.75.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 1.14% to 13.7300.

Gold Futures for December delivery was down 0.19% or 3.50 to $1803.60 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in October rose 1.39% or 0.98 to hit $71.44 a barrel, while the November Brent oil contract rose 1.28% or 0.94 to trade at $74.54 a barrel.

USD/INR was down 0.22% to 73.476, while EUR/INR rose 0.00% to 86.9105.

The US Dollar Index Futures was down 0.19% at 92.438.