India stocks higher at close of trade; Nifty 50 up 1.57%

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At the close in NSE, the Nifty 50 rose 1.57%, while the BSE Sensex 30 index added 1.53%.

The best performers of the session on the Nifty 50 were Adani Enterprises Ltd (NS:ADEL), which rose 16.94% or 272.25 points to trade at 1,879.50 at the close. Meanwhile, Adani Ports and Special Economic Zone Ltd (NS:APSE) added 9.91% or 61.75 points to end at 684.65 and State Bank Of India (NS:SBI) was up 5.14% or 27.45 points to 561.20 in late trade.

The worst performers of the session were Tech Mahindra Ltd (NS:TEML), which fell 2.22% or 24.65 points to trade at 1,085.15 at the close. UltraTech Cement Ltd (NS:ULTC) declined 1.00% or 73.25 points to end at 7,215.95 and Cipla Ltd. (NS:CIPL) was down 0.88% or 7.80 points to 878.65.

The top performers on the BSE Sensex 30 were State Bank Of India (BO:SBI) which rose 5.11% to 561.10, Bharti Airtel Ltd (BO:BRTI) which was up 3.30% to settle at 764.60 and Reliance Industries Ltd (BO:RELI) which gained 2.46% to close at 2,385.05.

The worst performers were Tech Mahindra Ltd (BO:TEML) which was down 2.19% to 1,085.45 in late trade, UltraTech Cement Ltd (BO:ULTC) which lost 1.04% to settle at 7,213.85 and Nestle India Ltd (BO:NEST) which was down 0.17% to 18,458.15 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1306 to 616 and 56 ended unchanged; on the Bombay Stock Exchange, 2088 rose and 1305 declined, while 119 ended unchanged.

Shares in Cipla Ltd. (NS:CIPL) fell to 52-week lows; losing 0.88% or 7.80 to 878.65.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 6.09% to 12.18 a new 52-week low.

Gold Futures for April delivery was up 0.72% or 13.25 to $1,853.75 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April fell 0.14% or 0.11 to hit $78.05 a barrel, while the May Brent oil contract fell 0.22% or 0.19 to trade at $84.56 a barrel.

USD/INR was down 0.49% to 81.95, while EUR/INR fell 0.25% to 87.04.

The US Dollar Index Futures was down 0.33% at 104.65.