India stocks higher at close of trade; Nifty 50 up 0.40%

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At the close in NSE, the Nifty 50 added 0.40%, while the BSE Sensex 30 index added 0.40%.

The best performers of the session on the Nifty 50 were Bharti Airtel Ltd. (NS:BRTI), which rose 3.34% or 23.70 points to trade at 733.05 at the close. Meanwhile, Coal India Ltd (NS:COAL) added 2.77% or 5.15 points to end at 191.25 and AXIS Bank Ltd (NS:AXBK) was up 2.05% or 14.75 points to 736.00 in late trade.

The worst performers of the session were UPL Ltd (NS:UPLL), which fell 2.32% or 18.55 points to trade at 780.00 at the close. SBI Life Insurance Company Ltd (NS:SBIL) declined 2.07% or 22.60 points to end at 1,070.00 and Nestle India Ltd (NS:NEST) was down 1.75% or 301.15 points to 16,860.05.

The top performers on the BSE Sensex 30 were Bharti Airtel Ltd (BO:BRTI) which rose 3.40% to 733.35, AXIS Bank Ltd. (BO:AXBK) which was up 2.13% to settle at 736.25 and ICICI Bank Ltd (BO:ICBK) which gained 1.59% to close at 710.25.

The worst performers were Nestle India Ltd (BO:NEST) which was down 1.83% to 16,863.45 in late trade, Housing Development Finance Corporation Ltd (BO:HDFC) which lost 1.58% to settle at 2,267.75 and HCL Technologies Ltd (BO:HCLT) which was down 1.41% to 1,163.70 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1338 to 513 and 36 ended unchanged; on the Bombay Stock Exchange, 2286 fell and 1110 advanced, while 151 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 3.50% to 22.61 a new 1-month low.

Gold Futures for April delivery was down 1.24% or 24.25 to $1,929.95 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May fell 4.50% or 5.12 to hit $108.78 a barrel, while the June Brent oil contract fell 3.94% or 4.62 to trade at $112.75 a barrel.

USD/INR was down 0.17% to 76.16, while EUR/INR fell 0.16% to 83.63.

The US Dollar Index Futures was up 0.28% at 99.10.