India stocks higher at close of trade; Nifty 50 up 0.47%

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At the close in NSE, the Nifty 50 added 0.47% to hit a new 6-months high, while the BSE Sensex 30 index climbed 0.39%.

The best performers of the session on the Nifty 50 were Britannia Industries Ltd (NS:BRIT), which rose 8.43% or 320.80 points to trade at 4,125.00 at the close. Meanwhile, State Bank Of India (NS:SBI) added 3.39% or 20.15 points to end at 614.10 and Adani Enterprises Ltd (NS:ADEL) was up 3.17% or 121.55 points to 3,954.80 in late trade.

The worst performers of the session were Divi’s Laboratories Ltd. (NS:DIVI), which fell 8.71% or 326.30 points to trade at 3,420.00 at the close. Asian Paints Ltd. (NS:ASPN) declined 2.34% or 74.35 points to end at 3,107.00 and Cipla Ltd. (NS:CIPL) was down 1.45% or 16.65 points to 1,129.45.

The top performers on the BSE Sensex 30 were State Bank Of India (BO:SBI) which rose 3.44% to 614.20, Tata Steel Ltd (BO:TISC) which was up 1.81% to settle at 106.65 and ICICI Bank Ltd (BO:ICBK) which gained 1.26% to close at 917.10.

The worst performers were Asian Paints Ltd. (BO:ASPN) which was down 2.37% to 3,105.55 in late trade, Bajaj Finserv Ltd (BO:BJFS) which lost 1.35% to settle at 1,777.45 and Sun Pharmaceutical Industries Ltd. (BO:SUN) which was down 1.13% to 1,027.80 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1102 to 794 and 63 ended unchanged; on the Bombay Stock Exchange, 1943 rose and 1461 declined, while 182 ended unchanged.

Shares in Britannia Industries Ltd (NS:BRIT) rose to all time highs; gaining 8.43% or 320.80 to 4,125.00. Shares in Divi’s Laboratories Ltd. (NS:DIVI) fell to 52-week lows; falling 8.71% or 326.30 to 3,420.00. Shares in State Bank Of India (NS:SBI) rose to all time highs; rising 3.39% or 20.15 to 614.10. Shares in Adani Enterprises Ltd (NS:ADEL) rose to all time highs; gaining 3.17% or 121.55 to 3,954.80. Shares in State Bank Of India (BO:SBI) rose to all time highs; rising 3.44% or 20.45 to 614.20.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 0.45% to 15.59 a new 6-months low.

Gold Futures for December delivery was up 0.30% or 5.00 to $1,681.60 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in December fell 0.18% or 0.17 to hit $92.44 a barrel, while the January Brent oil contract fell 0.10% or 0.10 to trade at $98.47 a barrel.

USD/INR was down 0.05% to 81.93, while EUR/INR rose 0.26% to 81.84.

The US Dollar Index Futures was down 0.37% at 110.36.