New Delhi: Breaking the range-bound trading, Indian stocks closed slightly higher on Wednesday. Buying in real estate, metals and automobile stocks helped the benchmark indices outpace losses in power stocks.
Sensex: 18,584 +0.39%
Nifty: 5,565 +0.43%
Stoxx 50: 2,959 +0.69%
FTSE 100: 6,023 +0.08%
Ranbaxy Laboratories and Hero Honda led the gains among the Nifty 50 shares. Ranbaxy Laboratories surged more than 6% after its March quarter profits dropped lower than expected. Meanwhile stocks such as NTPC, Tata Power and Larsen Toubro lost more than 1.4% each.
Ranbaxy Laboratories: Rs 478 +6.14%
Hero Honda: Rs 1,775 +3.56%
NTPC: Rs 176 –2.52%
Tata Power: Rs 1,233 –1.88%
Larsen & Toubro: Rs 1,520 –1.42%
On the sectoral level, real estate, metals and automobile stocks led the gains on the BSE. Except capital goods, all sectoral indices closed with gains.
BSE Realty: 2,143 +1.40%
BSE Metal: 15,647 +1.01%
BSE Auto: 9,189 +0.95%
Recovering base metal prices in international markets helped metal stocks close the day with smart gains.
JSW Steel: Rs 918 +3.24%
Sesa Goa: Rs 302 +1.56%
Jindal Steel: Rs 641 +1.14%
Stelite Industries: Rs 176 +1.47%
Shares of SKS Microfinance continued to rebound. The stock gained 10% after the company said it hopes to overcome the crisis in Andhra Pradesh operations in six months.
SKS Microfinance: Rs 328 +10.01%
Overall it was not a bad day for Indian stock markets. More than half the shares traded on the BSE closed the day with gains.