India stocks higher at close of trade; Nifty 50 up 0.47%

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

At the close in NSE, the rose 0.47% to hit a new all time high, while the index added 0.50%.

The best performers of the session on the were Mahindra & Mahindra Ltd. (NS:), which rose 3.59% or 18.15 points to trade at 522.65 at the close. Meanwhile, Sun Pharmaceutical Industries Ltd. (NS:) added 2.51% or 10.75 points to end at 439.75 and JSW Steel Ltd (NS:) was up 2.07% or 5.35 points to 264.40 in late trade.

The worst performers of the session were Tata Motors Ltd (NS:), which fell 2.89% or 5.20 points to trade at 174.80 at the close. GAIL Ltd (NS:) declined 2.09% or 2.50 points to end at 117.35 and Grasim Industries Ltd (NS:) was down 1.86% or 14.30 points to 754.20.

The top performers on the BSE Sensex 30 were Mahindra & Mahindra Ltd. (BO:) which rose 3.37% to 522.90, Sun Pharmaceutical Industries Ltd. (BO:) which was up 2.53% to settle at 439.90 and Asian Paints Ltd. (BO:) which gained 1.88% to close at 1778.05.

The worst performers were Tata Motors Ltd DVR (BO:) which was down 3.18% to 73.05 in late trade, Tata Motors Ltd (BO:) which lost 3.05% to settle at 174.70 and Yes Bank Ltd (BO:) which was down 1.79% to 46.75 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 856 to 699 and 83 ended unchanged; on the Bombay Stock Exchange, 1257 fell and 1117 advanced, while 191 ended unchanged.

The , which measures the implied volatility of Nifty 50 options, was down 1.44% to 12.3375 a new 3-months low.

Gold Futures for February delivery was up 0.19% or 2.75 to $1483.35 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February fell 0.77% or 0.47 to hit $60.40 a barrel, while the February Brent oil contract fell 0.48% or 0.32 to trade at $65.78 a barrel.

USD/INR was up 0.03% to 71.054, while EUR/INR fell 0.09% to 79.1185.

The US Dollar Index Futures was up 0.07% at 96.845.

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