India stocks higher at close of trade; Nifty 50 up 1.16%

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At the close in NSE, the Nifty 50 rose 1.16%, while the BSE Sensex 30 index climbed 1.18%.

The best performers of the session on the Nifty 50 were IndusInd Bank Ltd. (NS:INBK), which rose 5.75% or 53.05 points to trade at 975.35 at the close. Meanwhile, Bajaj Finserv Ltd (NS:BJFS) added 5.04% or 802.15 points to end at 16706.00 and HCL Technologies Ltd (NS:HCLT) was up 3.37% or 38.15 points to 1170.95 in late trade.

The worst performers of the session were Tech Mahindra Ltd (NS:TEML), which fell 1.51% or 22.80 points to trade at 1482.95 at the close. UltraTech Cement Ltd (NS:ULTC) declined 1.01% or 76.25 points to end at 7440.00 and Nestle India Ltd (NS:NEST) was down 0.92% or 171.05 points to 18500.65.

The top performers on the BSE Sensex 30 were IndusInd Bank Ltd. (BO:INBK) which rose 5.57% to 973.40, Bajaj Finserv Ltd (BO:BJFS) which was up 5.13% to settle at 16706.90 and HCL Technologies Ltd (BO:HCLT) which gained 3.40% to close at 1171.10.

The worst performers were Tech Mahindra Ltd (BO:TEML) which was down 1.61% to 1482.75 in late trade, Nestle India Ltd (BO:NEST) which lost 1.03% to settle at 18471.60 and UltraTech Cement Ltd (BO:ULTC) which was down 0.97% to 7439.50 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1358 to 449 and 27 ended unchanged; on the Bombay Stock Exchange, 2215 rose and 1041 declined, while 93 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 6.64% to 18.6500.

Gold Futures for April delivery was up 0.09% or 1.70 to $1803.20 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March rose 0.34% or 0.30 to hit $88.50 a barrel, while the April Brent oil contract rose 0.20% or 0.18 to trade at $89.34 a barrel.

USD/INR was down 0.00% to 74.749, while EUR/INR rose 0.40% to 84.5445.

The US Dollar Index Futures was down 0.43% at 95.963.