India stocks higher at close of trade; Nifty 50 up 1.10%

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At the close in NSE, the Nifty 50 added 1.10%, while the BSE Sensex 30 index added 1.09%.

The best performers of the session on the Nifty 50 were Hindalco Industries Ltd. (NS:HALC), which rose 4.02% or 17.90 points to trade at 463.35 at the close. Meanwhile, Tata Motors Ltd (NS:TAMO) added 3.73% or 16.90 points to end at 470.50 and Divi’s Laboratories Ltd. (NS:DIVI) was up 3.58% or 157.80 points to 4563.50 in late trade.

The worst performers of the session were Power Grid Corporation of India Ltd (NS:PGRD), which fell 1.01% or 2.05 points to trade at 201.55 at the close. SBI Life Insurance Company Ltd (NS:SBIL) declined 0.96% or 10.95 points to end at 1124.30 and Wipro Ltd (NS:WIPR) was down 0.75% or 5.15 points to 685.65.

The top performers on the BSE Sensex 30 were Bajaj Finance Ltd (BO:BJFN) which rose 2.94% to 6773.00, Bharti Airtel Ltd (BO:BRTI) which was up 2.67% to settle at 684.85 and Sun Pharmaceutical Industries Ltd. (BO:SUN) which gained 2.42% to close at 797.10.

The worst performers were Power Grid Corporation of India Ltd (BO:PGRD) which was down 1.03% to 201.55 in late trade, Wipro Ltd (BO:WIPR) which lost 0.77% to settle at 685.40 and ITC Ltd (BO:ITC) which was down 0.24% to 212.05 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1400 to 393 and 22 ended unchanged; on the Bombay Stock Exchange, 2352 rose and 887 declined, while 103 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 5.46% to 16.5800.

Gold Futures for February delivery was up 0.16% or 2.95 to $1791.65 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February rose 0.38% or 0.27 to hit $71.39 a barrel, while the March Brent oil contract rose 0.22% or 0.16 to trade at $74.12 a barrel.

USD/INR was down 0.24% to 75.509, while EUR/INR fell 0.11% to 85.3070.

The US Dollar Index Futures was down 0.13% at 96.360.