India stocks higher at close of trade; Nifty 50 up 0.50%

India stocks were higher after the close on Wednesday, as gains in the Capital Goods, Auto and Real Estate sectors led shares higher.

At the close in NSE, the Nifty 50 rose 0.50% to hit a new all time high, while the BSE Sensex 30 index gained 0.52%.

The best performers of the session on the Nifty 50 were Mahindra & Mahindra Ltd. (NS:MAHM), which rose 10.36% or 66.00 points to trade at 703.25 at the close. Meanwhile, Tata Motors Ltd (NS:TAMO) added 9.49% or 15.00 points to end at 173.00 and Bajaj Finserv Ltd (NS:BJFS) was up 6.46% or 475.65 points to 7841.00 in late trade.

The worst performers of the session were Bharat Petroleum Corp. Ltd. (NS:BPCL), which fell 2.93% or 11.55 points to trade at 383.10 at the close. Hindustan Unilever Ltd. (NS:HLL) declined 1.96% or 42.70 points to end at 2134.90 and Dr. Reddy’s Laboratories Ltd (NS:REDY) was down 1.68% or 80.15 points to 4704.00.

The top performers on the BSE Sensex 30 were Mahindra & Mahindra Ltd. (BO:MAHM) which rose 10.46% to 703.70, Bajaj Finserv Ltd (BO:BJFS) which was up 6.58% to settle at 7849.35 and Larsen & Toubro Ltd (BO:LART) which gained 6.15% to close at 1147.75.

The worst performers were Hindustan Unilever Ltd. (BO:HLL) which was down 1.86% to 2135.80 in late trade, Titan Company Ltd (BO:TITN) which lost 1.57% to settle at 1281.15 and Tata Consultancy Services Ltd. (BO:TCS) which was down 1.51% to 2625.90 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 973 to 639 and 87 ended unchanged; on the Bombay Stock Exchange, 1552 rose and 1126 declined, while 181 ended unchanged.

Shares in Mahindra & Mahindra Ltd. (NS:MAHM) rose to 52-week highs; gaining 10.36% or 66.00 to 703.25. Shares in Mahindra & Mahindra Ltd. (BO:MAHM) rose to 52-week highs; up 10.46% or 66.65 to 703.70.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 3.45% to 19.1200 a new 1-month low.

Gold Futures for December delivery was down 0.67% or 12.65 to $1872.45 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January rose 1.03% or 0.43 to hit $42.08 a barrel, while the January Brent oil contract rose 1.12% or 0.49 to trade at $44.24 a barrel.

USD/INR was down 0.38% to 74.188, while EUR/INR fell 0.28% to 88.0815.

The US Dollar Index Futures was down 0.14% at 92.267.