India stocks higher at close of trade; Nifty 50 up 0.10%

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

At the close in NSE, the Nifty 50 added 0.10%, while the BSE Sensex 30 index gained 0.05%.

The best performers of the session on the Nifty 50 were NTPC Ltd (NS:NTPC), which rose 3.76% or 10.65 points to trade at 294.05 at the close. Meanwhile, Hero MotoCorp Ltd (NS:HROM) added 2.88% or 107.85 points to end at 3,855.00 and Power Grid Corporation of India Ltd (NS:PGRD) was up 2.42% or 5.60 points to 236.95 in late trade.

The worst performers of the session were Tata Consultancy Services Ltd. (NS:TCS), which fell 2.14% or 78.55 points to trade at 3,593.55 at the close. Infosys Ltd (NS:INFY) declined 1.83% or 27.05 points to end at 1,449.00 and Axis Bank Ltd (NS:AXBK) was down 1.43% or 16.15 points to 1,114.85.

The top performers on the BSE Sensex 30 were NTPC Ltd (BO:NTPC) which rose 3.69% to 293.85, Power Grid Corporation of India Ltd (BO:PGRD) which was up 2.33% to settle at 236.85 and Mahindra&Mahindra Ltd. (BO:MAHM) which gained 2.02% to close at 1,667.15.

The worst performers were Tata Consultancy Services Ltd. (BO:TCS) which was down 2.13% to 3,593.75 in late trade, Infosys Ltd (BO:INFY) which lost 1.84% to settle at 1,448.90 and Axis Bank Ltd. (BO:AXBK) which was down 1.42% to 1,115.05 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1195 to 892 and 52 ended unchanged; on the Bombay Stock Exchange, 2092 rose and 1553 declined, while 109 ended unchanged.

Shares in NTPC Ltd (NS:NTPC) rose to all time highs; gaining 3.76% or 10.65 to 294.05. Shares in Hero MotoCorp Ltd (NS:HROM) rose to 5-year highs; gaining 2.88% or 107.85 to 3,855.00. Shares in Power Grid Corporation of India Ltd (NS:PGRD) rose to all time highs; up 2.42% or 5.60 to 236.95. Shares in NTPC Ltd (BO:NTPC) rose to all time highs; rising 3.69% or 10.45 to 293.85. Shares in Power Grid Corporation of India Ltd (BO:PGRD) rose to all time highs; gaining 2.33% or 5.40 to 236.85.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 5.09% to 12.06.

Gold Futures for February delivery was up 0.16% or 3.25 to $1,996.45 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January fell 0.07% or 0.05 to hit $68.56 a barrel, while the February Brent oil contract fell 0.11% or 0.08 to trade at $73.16 a barrel.

USD/INR was up 0.01% to 83.40, while EUR/INR fell 0.14% to 89.89.

The US Dollar Index Futures was up 0.14% at 103.61.