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

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At the close in NSE, the Nifty 50 gained 0.29% to hit a new all time high, while the BSE Sensex 30 index gained 0.29%.

The best performers of the session on the Nifty 50 were Tata Steel Ltd (NS:TISC), which rose 2.88% or 3.10 points to trade at 110.75 at the close. Meanwhile, Hindalco Industries Ltd. (NS:HALC) added 2.82% or 12.70 points to end at 463.40 and UltraTech Cement Ltd (NS:ULTC) was up 2.78% or 197.00 points to 7,274.00 in late trade.

The worst performers of the session were UPL Ltd (NS:UPLL), which fell 1.37% or 10.85 points to trade at 778.85 at the close. Eicher Motors Ltd. (NS:EICH) declined 1.35% or 47.05 points to end at 3,437.45 and ICICI Bank Ltd (NS:ICBK) was down 1.33% or 12.70 points to 940.20.

The top performers on the BSE Sensex 30 were UltraTech Cement Ltd (BO:ULTC) which rose 2.86% to 7,279.10, Tata Steel Ltd (BO:TISC) which was up 2.79% to settle at 110.70 and Tata Consultancy Services Ltd. (BO:TCS) which gained 2.44% to close at 3,475.10.

The worst performers were ICICI Bank Ltd (BO:ICBK) which was down 1.41% to 939.95 in late trade, Mahindra & Mahindra Ltd. (BO:MAHM) which lost 1.06% to settle at 1,293.35 and Power Grid Corporation of India Ltd (BO:PGRD) which was down 0.94% to 221.90 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1132 to 766 and 57 ended unchanged; on the Bombay Stock Exchange, 1982 rose and 1378 declined, while 147 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 3.24% to 13.36 a new 52-week low.

Gold Futures for February delivery was up 1.77% or 31.15 to $1,791.05 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January rose 0.77% or 0.62 to hit $81.17 a barrel, while the February Brent oil contract rose 0.71% or 0.62 to trade at $87.59 a barrel.

USD/INR was down 0.14% to 81.25, while EUR/INR rose 0.08% to 84.72.

The US Dollar Index Futures was down 0.31% at 105.57.