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India stocks higher at close of trade; Nifty 50 up 0.21%

Published 02/22/2017, 05:45 AM
© Reuters.  India stocks higher at close of trade; Nifty 50 up 0.21%

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

At the close in NSE, the Nifty 50 rose 0.21% to hit a new 3-months high, while the BSE Sensex 30 index climbed 0.36%.

The best performers of the session on the Nifty 50 were Reliance Industries Ltd (NS:RELI), which rose 11.17% or 121.60 points to trade at 1209.80 at the close. Meanwhile, Idea Cellular Ltd (NS:IDEA) added 5.17% or 5.60 points to end at 113.95 and AXIS Bank Ltd. (NS:AXBK) was up 3.94% or 19.85 points to 524.20 in late trade.

The worst performers of the session were NTPC Limited (NS:NTPC), which fell 3.59% or 6.20 points to trade at 166.30 at the close. Ambuja Cements Ltd. (NS:ABUJ) declined 2.39% or 5.70 points to end at 233.25 and POWER GRID CORPORATION OF INDIA (NS:PGRD) was down 2.35% or 4.85 points to 201.30.

The top performers on the BSE Sensex 30 were Reliance Industries Ltd (BO:RELI) which rose 10.97% to 1207.65, AXIS Bank Ltd. (BO:AXBK) which was up 3.93% to settle at 524.45 and Asian Paints Ltd. (BO:ASPN) which gained 2.92% to close at 1020.05.

The worst performers were NTPC Limited (BO:NTPC) which was down 3.36% to 166.60 in late trade, Tata Consultancy Services Ltd. (BO:TCS) which lost 2.22% to settle at 2409.55 and POWER GRID CORPORATION OF INDIA (BO:PGRD) which was down 2.19% to 201.30 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1024 to 486 and 51 ended unchanged; on the Bombay Stock Exchange, 1719 fell and 1051 advanced, while 183 ended unchanged.

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Shares in Reliance Industries Ltd (NS:RELI) rose to 5-year highs; rising 11.17% or 121.60 to 1209.80. Shares in Reliance Industries Ltd (BO:RELI) rose to 5-year highs; gaining 10.97% or 119.40 to 1207.65.

The India Vix, which measures the implied volatility of Nifty 50 options, was up 1.29% to 13.7000.

Gold Futures for April delivery was up 0.00% or 0.05 to $1238.95 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April fell 0.57% or 0.31 to hit $54.02 a barrel, while the April Brent oil contract fell 0.64% or 0.36 to trade at $56.30 a barrel.

USD/INR was up 0.13% to 66.980, while EUR/INR fell 0.31% to 70.3636.

The US Dollar Index Futures was up 0.19% at 101.64.

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