On Wednesday, Indian stocks declined following the closure of trading, with losses apparent in multiple sectors. The NSE Nifty 50 index decreased by 0.48%, and the BSE Sensex index fell by 0.53%.
Within the session, Adani Enterprises Ltd emerged as a top performer on the NSE, with its stock rising by 4.24% or 120.70 points, closing at 2,969.30. Tata Consumer Products Ltd saw a 3.09% increase, adding 30.65 points to finalize at 1,022.70, while Hero MotoCorp Ltd gained 2.55% or 121.85 points, concluding the day at 4,909.30.
Conversely, Cipla Ltd recorded the most significant decline on the NSE, dropping by 4.01% or 59.30 points, ending at 1,418.25. Shriram Finance Ltd decreased by 2.45% or 80.00 points to 3,185.80, and SBI Life Insurance Company Ltd fell by 2.24% or 37.20 points to 1,624.15.
On the BSE Sensex 30, Maruti Suzuki India Ltd gained 2.19% to reach 11,289.30, IndusInd Bank Ltd increased by 1.77% to settle at 1,056.60, and Wipro Ltd rose by 0.75% to close at 566.40. Conversely, Infosys Ltd, ICICI Bank Ltd, and Mahindra & Mahindra Ltd were some of the worst performers, with declines of 2.13%, 1.57%, and 1.53%, respectively.
Overall, rising stocks on the India National Stock Exchange outnumbered those declining, with 1,905 advancing, 567 declining, and 84 remaining unchanged. Similarly, on the Bombay Stock Exchange, 2,797 stocks rose, 955 declined, while 75 remained unchanged.
The implied volatility measure for Nifty 50 options, indicated by the India VIX, increased by 6.58% to 15.47, marking a new one-month high.
In the commodities market, Gold Futures for December delivery rose by 0.58% or 16.05, reaching $2,797.15 per troy ounce. Crude oil for December delivery climbed by 1.00% or 0.67, hitting $67.88 a barrel, and the January Brent oil contract increased by 0.95% or 0.67 to trade at $71.40 a barrel.
On the currency front, USD/INR was up by 0.05% to 84.09, and EUR/INR increased by 0.24% to 91.14. The US Dollar Index Futures fell by 0.17% to 104.02.