India stocks higher at close of trade; Nifty 50 up 1.11%

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 added 1.11%, while the index gained 1.05%.

The best performers of the session on the were Bharti Infratel Ltd (NS:), which rose 7.00% or 14.70 points to trade at 224.70 at the close. Meanwhile, Grasim Industries Ltd (NS:) added 4.41% or 31.90 points to end at 755.80 and Coal India Ltd (NS:) was up 3.46% or 5.95 points to 177.80 in late trade.

The worst performers of the session were Tata Motors Ltd (NS:), which fell 2.17% or 3.50 points to trade at 158.10 at the close. JSW Steel Ltd (NS:) declined 1.40% or 4.00 points to end at 280.80 and Sun Pharmaceutical Industries Ltd. (NS:) was down 1.32% or 5.40 points to 403.25.

The top performers on the BSE Sensex 30 were Bajaj Finance Ltd (BO:) which rose 2.79% to 4885.55, Hindustan Unilever Ltd. (BO:) which was up 2.74% to settle at 2294.00 and Reliance Industries Ltd (BO:) which gained 2.60% to close at 1504.20.

The worst performers were Sun Pharmaceutical Industries Ltd. (BO:) which was down 1.33% to 403.25 in late trade, Tata Consultancy Services Ltd. (BO:) which lost 0.93% to settle at 2194.60 and Bharti Airtel Ltd (BO:) which was down 0.80% to 543.35 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 999 to 521 and 92 ended unchanged; on the Bombay Stock Exchange, 1424 rose and 969 declined, while 163 ended unchanged.

Shares in Bajaj Finance Ltd (BO:) rose to all time highs; gaining 2.79% or 132.50 to 4885.55. Shares in Hindustan Unilever Ltd. (BO:) rose to all time highs; up 2.74% or 61.10 to 2294.00.

The , which measures the implied volatility of Nifty 50 options, was down 3.36% to 14.0225.

Gold Futures for April delivery was up 0.59% or 9.45 to $1613.05 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April rose 1.32% or 0.69 to hit $52.98 a barrel, while the April Brent oil contract rose 1.26% or 0.73 to trade at $58.48 a barrel.

USD/INR was down 0.10% to 71.497, while EUR/INR rose 0.03% to 77.2525.

The US Dollar Index Futures was up 0.01% at 99.343.

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