India stocks higher at close of trade; Nifty 50 up 1.07%

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At the close in NSE, the Nifty 50 gained 1.07% to hit a new 1-month high, while the BSE Sensex 30 index gained 1.09%.

The best performers of the session on the Nifty 50 were UPL Ltd (NS:UPLL), which rose 4.14% or 32.65 points to trade at 821.60 at the close. Meanwhile, Titan Company Ltd (NS:TITN) added 3.30% or 84.80 points to end at 2657.50 and Hero MotoCorp Ltd (NS:HROM) was up 3.16% or 79.00 points to 2578.10 in late trade.

The worst performers of the session were Wipro Ltd (NS:WIPR), which fell 2.53% or 18.00 points to trade at 693.50 at the close. Divi’s Laboratories Ltd. (NS:DIVI) declined 1.13% or 50.90 points to end at 4465.80 and Nestle India Ltd (NS:NEST) was down 0.98% or 194.85 points to 19708.00.

The top performers on the BSE Sensex 30 were Titan Company Ltd (BO:TITN) which rose 3.29% to 2657.35, Maruti Suzuki India Ltd. (BO:MRTI) which was up 2.74% to settle at 8123.85 and Larsen & Toubro Ltd (BO:LART) which gained 2.54% to close at 1953.15.

The worst performers were Wipro Ltd (BO:WIPR) which was down 2.47% to 693.65 in late trade, Nestle India Ltd (BO:NEST) which lost 1.17% to settle at 19690.10 and Asian Paints Ltd. (BO:ASPN) which was down 0.55% to 3555.00 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1333 to 506 and 34 ended unchanged; on the Bombay Stock Exchange, 2544 rose and 976 declined, while 107 ended unchanged.

Shares in Titan Company Ltd (NS:TITN) rose to all time highs; gaining 3.30% or 84.80 to 2657.50. Shares in Titan Company Ltd (BO:TITN) rose to all time highs; rising 3.29% or 84.55 to 2657.35.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 0.43% to 17.6775.

Gold Futures for February delivery was up 0.11% or 2.05 to $1799.45 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February fell 0.13% or 0.10 to hit $78.80 a barrel, while the March Brent oil contract fell 0.16% or 0.13 to trade at $81.62 a barrel.

USD/INR was down 0.29% to 74.059, while EUR/INR fell 0.56% to 83.8910.

The US Dollar Index Futures was up 0.21% at 95.920.