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

Stock MarketsJan 11, 2017 05:45AM ET
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© Reuters. 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 Metals, Banking and Public Sector Undertakings sectors led shares higher.

At the close in NSE, the Nifty 50 added 1.11% to hit a new 1-month high, while the BSE Sensex 30 index climbed 0.90%.

The best performers of the session on the Nifty 50 were IndusInd Bank Ltd. (NS:INBK), which rose 6.40% or 74.30 points to trade at 1235.00 at the close. Meanwhile, Hindalco Industries Ltd. (NS:HALC) added 6.17% or 10.15 points to end at 174.55 and Coal India Limited (NS:COAL) was up 5.69% or 17.10 points to 317.70 in late trade.

The worst performers of the session were Bajaj Auto Limited (NS:BAJA), which fell 1.11% or 30.50 points to trade at 2710.25 at the close. HCL Technologies Ltd (NS:HCLT) declined 0.93% or 7.80 points to end at 830.05 and ITC Ltd (NS:ITC) was down 0.78% or 1.95 points to 247.00.

The top performers on the BSE Sensex 30 were Coal India Limited (BO:COAL) which rose 5.41% to 316.65, TATA STEEL LIMITED (BO:TISC) which was up 3.99% to settle at 448.10 and Lupin Ltd (BO:LUPN) which gained 2.20% to close at 1520.30.

The worst performers were Bajaj Auto Limited (BO:BAJA) which was down 0.85% to 2717.55 in late trade, ITC Ltd (BO:ITC) which lost 0.56% to settle at 247.50 and Reliance Industries Ltd (BO:RELI) which was down 0.28% to 1084.10 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 956 to 527 and 69 ended unchanged; on the Bombay Stock Exchange, 1687 rose and 1042 declined, while 153 ended unchanged.

Shares in IndusInd Bank Ltd. (NS:INBK) rose to all time highs; gaining 6.40% or 74.30 to 1235.00. Shares in TATA STEEL LIMITED (BO:TISC) rose to 52-week highs; rising 3.99% or 17.20 to 448.10.

The India Vix, which measures the implied volatility of Nifty 50 options, was down 2.55% to 14.8075.

Gold for February delivery was up 0.15% or 1.75 to $1187.25 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February rose 0.75% or 0.38 to hit $51.20 a barrel, while the March Brent oil contract rose 0.78% or 0.42 to trade at $54.06 a barrel.

USD/INR was up 0.05% to 68.360, while EUR/INR fell 0.34% to 71.8682.

The US Dollar Index was up 0.36% at 102.38.

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

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