India stocks higher at close of trade; Nifty 50 up 1.56%

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At the close in NSE, the Nifty 50 added 1.56%, while the BSE Sensex 30 index added 1.56%.

The best performers of the session on the Nifty 50 were Hindalco Industries Ltd. (NS:HALC), which rose 5.02% or 21.15 points to trade at 442.50 at the close. Meanwhile, Tata Steel Ltd (NS:TISC) added 3.61% or 40.00 points to end at 1148.80 and AXIS Bank Ltd (NS:AXBK) was up 3.60% or 23.90 points to 687.00 in late trade.

The worst performers of the session were Cipla Ltd. (NS:CIPL), which fell 0.64% or 5.70 points to trade at 889.25 at the close. Britannia Industries Ltd (NS:BRIT) declined 0.58% or 20.20 points to end at 3476.00 and Divi’s Laboratories Ltd. (NS:DIVI) was down 0.47% or 22.00 points to 4624.80.

The top performers on the BSE Sensex 30 were Tata Steel Ltd (BO:TISC) which rose 3.63% to 1149.35, AXIS Bank Ltd. (BO:AXBK) which was up 3.60% to settle at 687.20 and ICICI Bank Ltd (BO:ICBK) which gained 3.46% to close at 734.65.

The worst performers were Asian Paints Ltd. (BO:ASPN) which was down 0.22% to 3031.30 in late trade, Bharti Airtel Ltd (BO:BRTI) which gained 0.27% to settle at 698.95 and Dr. Reddy’s Laboratories Ltd (BO:REDY) which was up 0.56% to 4528.50 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1374 to 386 and 52 ended unchanged; on the Bombay Stock Exchange, 2261 rose and 923 declined, while 116 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 8.06% to 18.4600.

Gold Futures for February delivery was up 0.06% or 1.10 to $1780.60 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January rose 3.12% or 2.17 to hit $71.66 a barrel, while the February Brent oil contract rose 2.68% or 1.96 to trade at $75.04 a barrel.

USD/INR was up 0.06% to 75.437, while EUR/INR fell 0.11% to 84.9840.

The US Dollar Index Futures was up 0.03% at 96.360.