India stocks higher at close of trade; Nifty 50 up 1.35%

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At the close in NSE, the Nifty 50 rose 1.35%, while the BSE Sensex 30 index gained 1.41%.

The best performers of the session on the Nifty 50 were Mahindra & Mahindra Ltd. (NS:MAHM), which rose 3.59% or 45.45 points to trade at 1,310.35 at the close. Meanwhile, Tata Consultancy Services Ltd. (NS:TCS) added 3.38% or 108.40 points to end at 3,319.95 and HCL Technologies Ltd (NS:HCLT) was up 3.35% or 34.65 points to 1,067.45 in late trade.

The worst performers of the session were Titan Company Ltd (NS:TITN), which fell 2.11% or 53.45 points to trade at 2,484.65 at the close. Bajaj Finserv Ltd (NS:BJFS) declined 1.14% or 16.35 points to end at 1,414.00 and Grasim Industries Ltd (NS:GRAS) was down 0.69% or 11.60 points to 1,669.00.

The top performers on the BSE Sensex 30 were Mahindra & Mahindra Ltd. (BO:MAHM) which rose 3.59% to 1,310.40, HCL Technologies Ltd (BO:HCLT) which was up 3.37% to settle at 1,067.60 and Tata Consultancy Services Ltd. (BO:TCS) which gained 3.35% to close at 3,319.70.

The worst performers were Titan Company Ltd (BO:TITN) which was down 2.12% to 2,483.20 in late trade, Bajaj Finserv Ltd (BO:BJFS) which lost 1.21% to settle at 1,412.65 and Maruti Suzuki India Ltd. (BO:MRTI) which was down 0.09% to 8,377.75 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1133 to 808 and 51 ended unchanged; on the Bombay Stock Exchange, 1933 rose and 1561 declined, while 164 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 2.48% to 14.65.

Gold Futures for February delivery was up 0.43% or 8.00 to $1,877.70 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February rose 3.10% or 2.29 to hit $76.06 a barrel, while the March Brent oil contract rose 2.88% or 2.26 to trade at $80.83 a barrel.

USD/INR was up 0.13% to 82.38, while EUR/INR rose 0.41% to 87.93.

The US Dollar Index Futures was down 0.16% at 103.47.