India stocks higher at close of trade; Nifty 50 up 0.29%

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At the close in NSE, the Nifty 50 rose 0.29% 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 Hero MotoCorp Ltd (NS:HROM), which rose 5.13% or 131.80 points to trade at 2701.50 at the close. Meanwhile, Grasim Industries Ltd (NS:GRAS) added 3.31% or 61.40 points to end at 1918.70 and Oil And Natural Gas Corporation Ltd (NS:ONGC) was up 3.23% or 5.20 points to 166.25 in late trade.

The worst performers of the session were HCL Technologies Ltd (NS:HCLT), which fell 5.87% or 78.45 points to trade at 1258.75 at the close. HDFC Bank Ltd (NS:HDBK) declined 1.53% or 23.65 points to end at 1521.50 and Britannia Industries Ltd (NS:BRIT) was down 1.26% or 46.90 points to 3665.15.

The top performers on the BSE Sensex 30 were UltraTech Cement Ltd (BO:ULTC) which rose 2.78% to 7867.90, Mahindra & Mahindra Ltd. (BO:MAHM) which was up 2.19% to settle at 900.25 and Maruti Suzuki India Ltd. (BO:MRTI) which gained 2.08% to close at 8250.00.

The worst performers were HCL Technologies Ltd (BO:HCLT) which was down 5.89% to 1258.80 in late trade, HDFC Bank Ltd (BO:HDBK) which lost 1.53% to settle at 1521.55 and AXIS Bank Ltd. (BO:AXBK) which was down 1.25% to 712.55 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1143 to 701 and 34 ended unchanged; on the Bombay Stock Exchange, 2212 rose and 1276 declined, while 130 ended unchanged.

Shares in Grasim Industries Ltd (NS:GRAS) rose to all time highs; rising 3.31% or 61.40 to 1918.70.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 1.27% to 16.7650.

Gold Futures for February delivery was up 0.17% or 3.10 to $1819.60 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March fell 0.02% or 0.02 to hit $83.28 a barrel, while the March Brent oil contract fell 0.24% or 0.21 to trade at $85.85 a barrel.

USD/INR was down 0.20% to 74.236, while EUR/INR rose 0.15% to 84.7620.

The US Dollar Index Futures was down 0.03% at 95.135.