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% to hit a new 1-month high, while the BSE Sensex 30 index gained 0.14%.

The best performers of the session on the Nifty 50 were Tata Steel Ltd (NS:TISC), which rose 6.45% or 73.95 points to trade at 1221.15 at the close. Meanwhile, JSW Steel Ltd (NS:JSTL) added 4.69% or 30.80 points to end at 687.85 and Sun Pharmaceutical Industries Ltd. (NS:SUN) was up 3.50% or 29.30 points to 865.50 in late trade.

The worst performers of the session were Wipro Ltd (NS:WIPR), which fell 6.02% or 41.60 points to trade at 649.75 at the close. Asian Paints Ltd. (NS:ASPN) declined 2.47% or 87.55 points to end at 3456.25 and HDFC Bank Ltd (NS:HDBK) was down 1.84% or 28.65 points to 1528.00.

The top performers on the BSE Sensex 30 were Tata Steel Ltd (BO:TISC) which rose 6.40% to 1220.60, Sun Pharmaceutical Industries Ltd. (BO:SUN) which was up 3.53% to settle at 865.75 and Larsen & Toubro Ltd (BO:LART) which gained 2.30% to close at 2018.10.

The worst performers were Wipro Ltd (BO:WIPR) which was down 6.00% to 649.85 in late trade, Asian Paints Ltd. (BO:ASPN) which lost 2.47% to settle at 3456.75 and HDFC Bank Ltd (BO:HDBK) which was down 1.81% to 1528.35 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 928 to 867 and 28 ended unchanged; on the Bombay Stock Exchange, 1659 rose and 1641 declined, while 79 ended unchanged.

Shares in Sun Pharmaceutical Industries Ltd. (NS:SUN) rose to 5-year highs; up 3.50% or 29.30 to 865.50. Shares in Sun Pharmaceutical Industries Ltd. (BO:SUN) rose to 5-year highs; rising 3.53% or 29.55 to 865.75. Shares in Larsen & Toubro Ltd (BO:LART) rose to all time highs; rising 2.30% or 45.30 to 2018.10.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 2.78% to 16.7050.

Gold Futures for February delivery was down 0.31% or 5.65 to $1821.65 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February rose 0.05% or 0.04 to hit $82.68 a barrel, while the March Brent oil contract rose 0.15% or 0.13 to trade at $84.80 a barrel.

USD/INR was up 0.21% to 73.923, while EUR/INR rose 0.37% to 84.7295.

The US Dollar Index Futures was down 0.09% at 94.820.