India shares higher at close of trade; Nifty 50 up 1.73% India equities closed higher on Wednesday, driven by gains in the Consumer Durables, Real Estate, and Metals sectors. The Nifty 50 index rose 1.73% to close at 19,558.10, while the BSE Sensex 30 index gained 1.63% to 64,345.10. Shriram Finance Ltd. was the top performer on the Nifty 50, surging 5.78% to 955.80, followed by Titan Company Ltd. and Grasim Industries Ltd., which rose 4.71% and 4.15%, respectively. Among the losers, Tech Mahindra Ltd. fell 2.00% to 1,404.00, while Power Grid Corporation of India Ltd. and Tata Consultancy Services Ltd. declined 1.37% and 0.87%, respectively. On the BSE Sensex 30, Titan Company Ltd., UltraTech Cement Ltd., and Larsen & Toubro Ltd. led the gains, rising 4.59%, 4.39%, and 4.00%, respectively. Tech Mahindra Ltd., Power Grid Corporation of India Ltd., and Tata Consultancy Services Ltd. were the worst performers, dropping 1.87%, 1.42%, and 0.87%. Rising stocks outnumbered declining ones by 1893 to 667, with 41 ending unchanged on the NSE. On the BSE, 2735 stocks rose, while 1329 declined, and 141 ended unchanged. The India VIX, which measures implied volatility for Nifty 50 options, fell 0.87% to 24.52. Commodity prices showed mixed movements, with gold futures for June delivery up 3.44% to $4,586.62 per troy ounce. Crude oil for May delivery dropped 5.01% to $87.72 per barrel, and the June Brent oil contract fell 5.16% to $95.06 per barrel. The USD/INR pair declined 0.03% to 93.99, while EUR/INR rose 0.05% to 109.21. The US Dollar Index Futures fell 0.12% to 99.12. The market activity was accompanied by news highlights, including Bernstein cutting its Nifty target and warning of a potential "GFC moment" for India. Bank stocks were in focus after a clarification on a ₹160 crore Panchkula FD case.#india #nifty_50 #bsesensex_30 #shriram_finance_ltd #titan_company_ltd
