India stocks higher at close of trade; Nifty 50 up 0.25%

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At the close in NSE, the Nifty 50 gained 0.25%, while the BSE Sensex 30 index gained 0.29%.

The best performers of the session on the Nifty 50 were Adani Enterprises Ltd (NS:ADEL), which rose 4.76% or 131.40 points to trade at 2,892.85 at the close. Meanwhile, Bajaj Finance Ltd (NS:BJFN) added 4.53% or 261.10 points to end at 6,021.80 and UltraTech Cement Ltd (NS:ULTC) was up 2.37% or 159.40 points to 6,875.00 in late trade.

The worst performers of the session were Power Grid Corporation of India Ltd (NS:PGRD), which fell 3.38% or 7.40 points to trade at 211.85 at the close. IndusInd Bank Ltd. (NS:INBK) declined 2.45% or 27.35 points to end at 1,089.05 and Bajaj Auto Ltd (NS:BAJA) was down 2.43% or 95.60 points to 3,841.15.

The top performers on the BSE Sensex 30 were Bajaj Finance Ltd (BO:BJFN) which rose 4.61% to 6,021.60, UltraTech Cement Ltd (BO:ULTC) which was up 2.51% to settle at 6,885.20 and Bajaj Finserv Ltd (BO:BJFS) which gained 2.22% to close at 1,344.00.

The worst performers were Power Grid Corporation of India Ltd (BO:PGRD) which was down 3.38% to 211.75 in late trade, IndusInd Bank Ltd. (BO:INBK) which lost 2.56% to settle at 1,088.05 and Larsen & Toubro Ltd (BO:LART) which was down 2.11% to 2,114.60 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1149 to 788 and 67 ended unchanged; on the Bombay Stock Exchange, 1969 fell and 1501 advanced, while 159 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 2.25% to 17.71 a new 3-months high.

Gold Futures for February delivery was down 0.11% or 2.20 to $1,927.20 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March fell 0.09% or 0.07 to hit $79.61 a barrel, while the April Brent oil contract rose 0.02% or 0.02 to trade at $86.42 a barrel.

USD/INR was unchanged 0.00% to 81.51, while EUR/INR rose 0.37% to 88.91.

The US Dollar Index Futures was down 0.20% at 101.51.