India stocks higher at close of trade; Nifty 50 up 1.37%

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At the close in NSE, the Nifty 50 added 1.37%, while the BSE Sensex 30 index gained 1.46%.

The best performers of the session on the Nifty 50 were Tata Steel Ltd (NS:TISC), which rose 7.54% or 81.80 points to trade at 1167.35 at the close. Meanwhile, Sun Pharmaceutical Industries Ltd. (NS:SUN) added 6.86% or 57.25 points to end at 891.75 and IndusInd Bank Ltd. (NS:INBK) was up 6.07% or 52.90 points to 925.00 in late trade.

The worst performers of the session were Bharat Petroleum Corp. Ltd. (NS:BPCL), which fell 4.46% or 17.70 points to trade at 379.35 at the close. Indian Oil Corporation Ltd (NS:IOC) declined 2.76% or 3.45 points to end at 121.75 and Tata Motors Ltd (NS:TAMO) was down 2.60% or 13.45 points to 504.30.

The top performers on the BSE Sensex 30 were Tata Steel Ltd (BO:TISC) which rose 7.57% to 1167.65, Sun Pharmaceutical Industries Ltd. (BO:SUN) which was up 6.94% to settle at 892.05 and IndusInd Bank Ltd. (BO:INBK) which gained 5.76% to close at 922.05.

The worst performers were Mahindra & Mahindra Ltd. (BO:MAHM) which was down 1.67% to 870.20 in late trade, Power Grid Corporation of India Ltd (BO:PGRD) which lost 1.18% to settle at 212.85 and State Bank Of India (BO:SBI) which was down 1.13% to 532.25 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 996 to 805 and 30 ended unchanged; on the Bombay Stock Exchange, 1675 rose and 1568 declined, while 100 ended unchanged.

Shares in Sun Pharmaceutical Industries Ltd. (NS:SUN) rose to 5-year highs; gaining 6.86% or 57.25 to 891.75. Shares in Sun Pharmaceutical Industries Ltd. (BO:SUN) rose to 5-year highs; gaining 6.94% or 57.90 to 892.05.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 9.00% to 19.9775.

Gold Futures for February delivery was up 0.60% or 10.70 to $1805.70 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March fell 0.42% or 0.37 to hit $87.78 a barrel, while the April Brent oil contract fell 0.46% or 0.41 to trade at $88.85 a barrel.

USD/INR was up 0.42% to 74.849, while EUR/INR rose 0.65% to 84.2650.

The US Dollar Index Futures was down 0.18% at 96.365.