India Stock Market Update

Investing.com – India stocks were higher after the close on Wednesday, as gains in the Real Estate, Banking, and Consumer Durables sectors led shares higher.

At the close in NSE, the Nifty 50 added 0.02%, while the BSE Sensex 30 index climbed 0.11%.

Top Performers

The best performers on the Nifty 50 were:
– HDFC Life Insurance Company Ltd (NS:HDFL): +2.56% or 16.25 points to trade at 650.25.
– HDFC Bank Ltd (NS:HDBK): +1.85% or 33.80 points to end at 1,860.10.
– Apollo Hospitals Enterprises Ltd. (NS:APLH): +1.48% or 105.80 points to 7,232.35.

The top performers on the BSE Sensex 30 were:
– HDFC Bank Ltd (BO:HDBK): +1.60% to 1,856.00.
– Bajaj Finserv Ltd (BO:BJFS): +1.41% to settle at 1,630.00.
– NTPC Ltd (BO:NTPC): +1.36% to close at 372.50.

Worst Performers

The worst performers on the Nifty 50:
– Bharti Airtel Ltd. (NS:BRTI): -2.25% or 36.45 points to trade at 1,584.10.
– Cipla Ltd. (NS:CIPL): -2.15% or 33.05 points to end at 1,500.85.
– Bajaj Auto Ltd (NS:BAJA): -1.78% or 162.65 points to 8,999.15.

On the BSE Sensex 30:
– Bharti Airtel Ltd (BO:BRTI): -2.17% to 1,584.50.
– Tata Motors Ltd (BO:TAMO): -1.63% to settle at 788.10.
– Power Grid Corporation of India Ltd (BO:PGRD): -1.36% to 325.25.

Market Overview

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1460 to 1011 with 167 unchanged. On the Bombay Stock Exchange, 2290 rose, 1514 declined, and 96 ended unchanged.

Shares in HDFC Bank Ltd reached all-time highs; rising 1.85% or 33.80 to 1,860.10. The India VIX, measuring implied volatility of Nifty 50 options, increased by 0.85% to 14.49.

Commodities Update

• Gold Futures for February delivery fell 0.15% or 3.89 to $2,664.01 a troy ounce.
• Crude oil for January delivery rose 0.63% or 0.44 to hit $70.38 a barrel.
• Brent oil for February rose 0.73% or 0.54 to trade at $74.16 a barrel.

Currency Market

USD/INR increased by 0.07% to 84.74, while EUR/INR fell 0.03% to 88.97. The US Dollar Index Futures was up 0.14% at 106.49.