India stocks higher at close of trade; Nifty 50 up 0.16%

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At the close in NSE, the Nifty 50 gained 0.16%, while the BSE Sensex 30 index added 0.27%.

The best performers of the session on the Nifty 50 were Kotak Mahindra Bank Ltd. (NS:KTKM), which rose 2.82% or 55.30 points to trade at 2019.60 at the close. Meanwhile, HCL Technologies Ltd (NS:HCLT) added 2.08% or 23.10 points to end at 1133.15 and HDFC Life Insurance Company Ltd (NS:HDFL) was up 1.94% or 13.00 points to 683.65 in late trade.

The worst performers of the session were Bharat Petroleum Corp. Ltd. (NS:BPCL), which fell 2.49% or 9.40 points to trade at 367.45 at the close. Sun Pharmaceutical Industries Ltd. (NS:SUN) declined 2.12% or 16.25 points to end at 751.05 and Adani Ports and Special Economic Zone Ltd (NS:APSE) was down 2.12% or 15.20 points to 701.95.

The top performers on the BSE Sensex 30 were Kotak Mahindra Bank Ltd. (BO:KTKM) which rose 2.92% to 2020.20, HCL Technologies Ltd (BO:HCLT) which was up 2.25% to settle at 1132.70 and Tata Consultancy Services Ltd. (BO:TCS) which gained 1.60% to close at 3500.70.

The worst performers were Sun Pharmaceutical Industries Ltd. (BO:SUN) which was down 2.03% to 750.80 in late trade, NTPC Ltd (BO:NTPC) which lost 1.71% to settle at 126.45 and AXIS Bank Ltd. (BO:AXBK) which was down 1.65% to 650.85 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1456 to 349 and 35 ended unchanged; on the Bombay Stock Exchange, 2371 fell and 929 advanced, while 171 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 0.13% to 20.8300 a new 6-months high.

Gold Futures for February delivery was up 0.61% or 10.95 to $1799.05 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January rose 4.92% or 3.35 to hit $71.50 a barrel, while the February Brent oil contract rose 4.58% or 3.28 to trade at $74.87 a barrel.

USD/INR was up 0.06% to 75.088, while EUR/INR fell 0.16% to 84.7840.

The US Dollar Index Futures was up 0.06% at 96.165.