India stocks higher at close of trade; Nifty 50 up 1.39%

This post was originally published on this site

At the close in NSE, the Nifty 50 gained 1.39%, while the BSE Sensex 30 index climbed 1.42%.

The best performers of the session on the Nifty 50 were Tech Mahindra Ltd (NS:TEML), which rose 5.14% or 72.55 points to trade at 1483.20 at the close. Meanwhile, Tata Motors Ltd (NS:TAMO) added 4.25% or 21.15 points to end at 518.45 and Bharat Petroleum Corp. Ltd. (NS:BPCL) was up 3.92% or 15.00 points to 397.50 in late trade.

The worst performers of the session were IndusInd Bank Ltd. (NS:INBK), which fell 3.41% or 30.80 points to trade at 872.75 at the close. Kotak Mahindra Bank Ltd. (NS:KTKM) declined 2.19% or 41.65 points to end at 1856.65 and UPL Ltd (NS:UPLL) was down 1.79% or 14.15 points to 776.10.

The top performers on the BSE Sensex 30 were Tech Mahindra Ltd (BO:TEML) which rose 5.01% to 1481.15, Wipro Ltd (BO:WIPR) which was up 3.70% to settle at 572.65 and Bajaj Finserv Ltd (BO:BJFS) which gained 3.22% to close at 15689.85.

The worst performers were IndusInd Bank Ltd. (BO:INBK) which was down 3.51% to 871.85 in late trade, Kotak Mahindra Bank Ltd. (BO:KTKM) which lost 2.14% to settle at 1857.50 and Hindustan Unilever Ltd. (BO:HLL) which was down 0.38% to 2274.30 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 995 to 851 and 34 ended unchanged; on the Bombay Stock Exchange, 1782 rose and 1648 declined, while 149 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 6.08% to 21.9525.

Gold Futures for February delivery was up 0.22% or 3.90 to $1788.80 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March rose 0.99% or 0.86 to hit $87.68 a barrel, while the April Brent oil contract rose 0.97% or 0.86 to trade at $89.38 a barrel.

USD/INR was down 0.48% to 74.684, while EUR/INR fell 0.18% to 83.4610.

The US Dollar Index Futures was down 0.24% at 97.037.