India stocks higher at close of trade; Nifty 50 up 0.14%

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

At the close in NSE, the Nifty 50 gained 0.14% to hit a new 1-month high, while the BSE Sensex 30 index climbed 0.14%.

The best performers of the session on the Nifty 50 were Bharat Petroleum Corp. Ltd. (NS:BPCL), which rose 3.70% or 14.35 points to trade at 402.35 at the close. Meanwhile, Cipla Ltd. (NS:CIPL) added 1.57% or 19.65 points to end at 1,272.90 and Bajaj Auto Ltd (NS:BAJA) was up 1.30% or 73.75 points to 5,759.70 in late trade.

The worst performers of the session were IndusInd Bank Ltd. (NS:INBK), which fell 2.10% or 31.60 points to trade at 1,470.45 at the close. Kotak Mahindra Bank Ltd. (NS:KTKM) declined 1.26% or 22.30 points to end at 1,744.90 and Hindalco Industries Ltd. (NS:HALC) was down 1.22% or 6.20 points to 500.65.

The top performers on the BSE Sensex 30 were Infosys Ltd (BO:INFY) which rose 1.27% to 1,457.70, NTPC Ltd (BO:NTPC) which was up 1.14% to settle at 252.70 and Power Grid Corporation of India Ltd (BO:PGRD) which gained 1.10% to close at 211.20.

The worst performers were IndusInd Bank Ltd. (BO:INBK) which was down 2.07% to 1,471.00 in late trade, Kotak Mahindra Bank Ltd. (BO:KTKM) which lost 1.16% to settle at 1,746.50 and Mahindra&Mahindra Ltd. (BO:MAHM) which was down 1.07% to 1,543.30 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1254 to 833 and 47 ended unchanged; on the Bombay Stock Exchange, 2001 fell and 1560 advanced, while 137 ended unchanged.

Shares in Bharat Petroleum Corp. Ltd. (NS:BPCL) rose to 52-week highs; up 3.70% or 14.35 to 402.35. Shares in Cipla Ltd. (NS:CIPL) rose to all time highs; gaining 1.57% or 19.65 to 1,272.90. Shares in Bajaj Auto Ltd (NS:BAJA) rose to all time highs; rising 1.30% or 73.75 to 5,759.70. Shares in NTPC Ltd (BO:NTPC) rose to 5-year highs; rising 1.14% or 2.85 to 252.70.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 3.00% to 11.86.

Gold Futures for December delivery was up 0.05% or 0.95 to $2,002.55 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January fell 0.89% or 0.69 to hit $77.08 a barrel, while the January Brent oil contract fell 0.80% or 0.66 to trade at $81.79 a barrel.

USD/INR was down 0.03% to 83.32, while EUR/INR fell 0.11% to 90.81.

The US Dollar Index Futures was up 0.20% at 103.65.