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India stocks higher at close of trade; Nifty 50 up 0.49%

Published 04/26/2017, 06:45 AM
Updated 04/26/2017, 06:45 AM
© Reuters.  India stocks higher at close of trade; Nifty 50 up 0.49%

Investing.com – India stocks were higher after the close on Wednesday, as gains in the Fast Moving Consumer Goods, Auto and Banking sectors led shares higher.

At the close in NSE, the Nifty 50 rose 0.49% to hit a new all time high, while the BSE Sensex 30 index climbed 0.63%.

The best performers of the session on the Nifty 50 were Mahindra & Mahindra Ltd. (NS:MAHM), which rose 3.46% or 45.30 points to trade at 1352.75 at the close. Meanwhile, ITC Ltd (NS:ITC) added 3.41% or 9.60 points to end at 290.90 and Hindalco Industries Ltd. (NS:HALC) was up 2.76% or 5.30 points to 197.00 in late trade.

The worst performers of the session were Tech Mahindra Limited (NS:TEML), which fell 2.53% or 11.10 points to trade at 427.05 at the close. HCL Technologies Ltd (NS:HCLT) declined 2.40% or 19.70 points to end at 800.25 and Adani Ports & Special Economic Zone (NS:APSE) was down 2.63% or 8.70 points to 323.50.

The top performers on the BSE Sensex 30 were ITC Ltd (BO:ITC) which rose 3.36% to 290.65, Mahindra & Mahindra Ltd. (BO:MAHM) which was up 3.29% to settle at 1350.55 and Housing Development Finance Corp. (BO:HDFC) which gained 2.36% to close at 1585.00.

The worst performers were Adani Ports & Special Economic Zone (BO:APSE) which was down 2.31% to 323.90 in late trade, Infosys Ltd (BO:INFY) which lost 1.61% to settle at 914.05 and Dr. Reddy's Laboratories Ltd. (BO:REDY) which was down 1.31% to 2611.05 at the close.

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Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1152 to 412 and 10 ended unchanged; on the Bombay Stock Exchange, 1917 fell and 905 advanced, while 126 ended unchanged.

Shares in ITC Ltd (NS:ITC) rose to all time highs; rising 3.41% or 9.60 to 290.90. Shares in ITC Ltd (BO:ITC) rose to 52-week highs; rising 3.36% or 9.45 to 290.65. Shares in Housing Development Finance Corp. (BO:HDFC) rose to all time highs; up 2.36% or 36.60 to 1585.00.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 5.24% to 11.7400.

Gold Futures for June delivery was down 0.05% or 0.62 to $1266.58 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June fell 0.44% or 0.22 to hit $49.34 a barrel, while the July Brent oil contract fell 0.48% or 0.25 to trade at $52.32 a barrel.

USD/INR was down 0.18% to 64.153, while EUR/INR fell 0.68% to 69.8075.

The US Dollar Index Futures was up 0.25% at 98.97.

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FII and DII involved in the Indian market
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