India stocks higher at close of trade; Nifty 50 up 0.87%

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At the close in NSE, the Nifty 50 gained 0.87% to hit a new 1-month high, while the BSE Sensex 30 index gained 0.88%.

The best performers of the session on the Nifty 50 were Mahindra & Mahindra Ltd. (NS:MAHM), which rose 4.65% or 39.15 points to trade at 880.55 at the close. Meanwhile, Bharti Airtel Ltd. (NS:BRTI) added 3.80% or 26.75 points to end at 730.20 and Reliance Industries Ltd (NS:RELI) was up 2.67% or 65.55 points to 2521.10 in late trade.

The worst performers of the session were Titan Company Ltd (NS:TITN), which fell 1.52% or 40.40 points to trade at 2612.95 at the close. Tata Consultancy Services Ltd. (NS:TCS) declined 1.43% or 56.00 points to end at 3859.90 and Shree Cements Ltd. (NS:SHCM) was down 1.19% or 323.05 points to 26715.50.

The top performers on the BSE Sensex 30 were Mahindra & Mahindra Ltd. (BO:MAHM) which rose 4.68% to 880.75, Bharti Airtel Ltd (BO:BRTI) which was up 3.76% to settle at 730.05 and Reliance Industries Ltd (BO:RELI) which gained 2.68% to close at 2520.60.

The worst performers were Tata Consultancy Services Ltd. (BO:TCS) which was down 1.50% to 3857.25 in late trade, Titan Company Ltd (BO:TITN) which lost 1.46% to settle at 2612.50 and HDFC Bank Ltd (BO:HDBK) which was down 0.58% to 1556.55 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 934 to 860 and 27 ended unchanged; on the Bombay Stock Exchange, 1748 rose and 1585 declined, while 78 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 3.24% to 17.1825.

Gold Futures for February delivery was down 0.08% or 1.40 to $1817.10 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February rose 0.38% or 0.31 to hit $81.53 a barrel, while the March Brent oil contract rose 0.19% or 0.16 to trade at $83.88 a barrel.

USD/INR was up 0.23% to 73.937, while EUR/INR rose 0.14% to 83.9805.

The US Dollar Index Futures was up 0.02% at 95.645.