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 Oil&Gas, Power and Public Sector Undertakings sectors led shares higher.

At the close in NSE, the Nifty 50 gained 0.10%, while the BSE Sensex 30 index climbed 0.12%.

The best performers of the session on the Nifty 50 were Eicher Motors Ltd. (NS:EICH), which rose 4.22% or 156.75 points to trade at 3,873.60 at the close. Meanwhile, Maruti Suzuki India Ltd. (NS:MRTI) added 2.83% or 328.20 points to end at 11,925.25 and Power Grid Corporation of India Ltd (NS:PGRD) was up 2.18% or 5.65 points to 264.65 in late trade.

The worst performers of the session were Tata Steel Ltd (NS:TISC), which fell 2.08% or 3.10 points to trade at 145.65 at the close. Tata Consumer Products Ltd (NS:TACN) declined 1.94% or 22.20 points to end at 1,124.05 and Tata Motors Ltd (NS:TAMO) was down 1.81% or 17.30 points to 940.45.

The top performers on the BSE Sensex 30 were Maruti Suzuki India Ltd. (BO:MRTI) which rose 2.92% to 11,936.20, Nestle India Ltd (BO:NEST) which was up 2.22% to settle at 2,552.00 and Power Grid Corporation of India Ltd (BO:PGRD) which gained 2.16% to close at 264.55.

The worst performers were Tata Steel Ltd (BO:TISC) which was down 2.25% to 145.30 in late trade, HDFC Bank Ltd (BO:HDBK) which lost 1.20% to settle at 1,431.50 and Hindustan Unilever Ltd. (BO:HLL) which was down 1.11% to 2,244.00 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1288 to 901 and 32 ended unchanged; on the Bombay Stock Exchange, 2124 fell and 1525 advanced, while 104 ended unchanged.

Shares in Maruti Suzuki India Ltd. (NS:MRTI) rose to all time highs; up 2.83% or 328.20 to 11,925.25. Shares in Maruti Suzuki India Ltd. (BO:MRTI) rose to all time highs; gaining 2.92% or 338.95 to 11,936.20. Shares in Hindustan Unilever Ltd. (BO:HLL) fell to 52-week lows; falling 1.11% or 25.30 to 2,244.00.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 4.54% to 13.47 a new 1-month low.

Gold Futures for April delivery was down 0.16% or 3.55 to $2,156.15 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May fell 0.74% or 0.61 to hit $82.12 a barrel, while the May Brent oil contract fell 0.69% or 0.60 to trade at $86.78 a barrel.

USD/INR was up 0.18% to 83.18, while EUR/INR fell 0.05% to 90.17.

The US Dollar Index Futures was up 0.28% at 103.78.