India stocks higher at close of trade; Nifty 50 up 0.68%

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

At the close in NSE, the gained 0.68% to hit a new 6-months high, while the index added 0.56%.

The best performers of the session on the were Britannia Industries Ltd (NS:), which rose 4.17% or 196.05 points to trade at 4,901.45 at the close. Meanwhile, Tata Consumer Products Ltd (NS:) added 3.91% or 31.00 points to end at 823.10 and Bharat Petroleum Corp. Ltd. (NS:) was up 3.36% or 11.95 points to 368.10 in late trade.

The worst performers of the session were Cipla Ltd. (NS:), which fell 1.19% or 11.60 points to trade at 960.45 at the close. Kotak Mahindra Bank Ltd. (NS:) declined 1.00% or 19.65 points to end at 1,939.40 and Bajaj Finance Ltd (NS:) was down 0.48% or 34.00 points to 7,079.95.

The top performers on the BSE Sensex 30 were Nestle India Ltd (BO:) which rose 2.97% to 22,345.80, Tata Steel Ltd (BO:) which was up 2.29% to settle at 111.50 and Bharti Airtel Ltd (BO:) which gained 1.70% to close at 843.30.

The worst performers were Kotak Mahindra Bank Ltd. (BO:) which was down 1.15% to 1,938.30 in late trade, Bajaj Finance Ltd (BO:) which lost 0.51% to settle at 7,080.40 and Mahindra & Mahindra Ltd. (BO:) which was down 0.35% to 1,405.75 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1285 to 677 and 53 ended unchanged; on the Bombay Stock Exchange, 2185 rose and 1251 declined, while 129 ended unchanged.

Shares in Britannia Industries Ltd (NS:) rose to all time highs; up 4.17% or 196.05 to 4,901.45. Shares in Nestle India Ltd (BO:) rose to all time highs; rising 2.97% or 644.50 to 22,345.80.

The , which measures the implied volatility of Nifty 50 options, was up 0.55% to 11.44.

Gold Futures for August delivery was down 0.12% or 2.35 to $1,979.15 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July rose 1.07% or 0.77 to hit $72.51 a barrel, while the August Brent oil contract rose 1.00% or 0.76 to trade at $77.05 a barrel.

USD/INR was unchanged 0.01% to 82.52, while EUR/INR rose 0.17% to 88.39.

The US Dollar Index Futures was down 0.17% at 103.89.