India stocks higher at close of trade; Nifty 50 up 1.71%

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At the close in NSE, the Nifty 50 rose 1.71%, while the BSE Sensex 30 index added 1.76%.

The best performers of the session on the Nifty 50 were Bajaj Finance Ltd (NS:BJFN), which rose 3.64% or 258.35 points to trade at 7361.50 at the close. Meanwhile, Maruti Suzuki India Ltd. (NS:MRTI) added 3.46% or 248.30 points to end at 7434.90 and Hindalco Industries Ltd. (NS:HALC) was up 3.38% or 14.95 points to 457.45 in late trade.

The worst performers of the session were HDFC Life Insurance Company Ltd (NS:HDFL), which fell 1.15% or 8.00 points to trade at 686.40 at the close. Kotak Mahindra Bank Ltd. (NS:KTKM) declined 0.86% or 16.70 points to end at 1920.45 and Divi’s Laboratories Ltd. (NS:DIVI) was down 0.43% or 19.85 points to 4604.95.

The top performers on the BSE Sensex 30 were Bajaj Finance Ltd (BO:BJFN) which rose 3.67% to 7363.45, Maruti Suzuki India Ltd. (BO:MRTI) which was up 3.48% to settle at 7437.25 and State Bank Of India (BO:SBI) which gained 3.11% to close at 491.45.

The worst performers were Kotak Mahindra Bank Ltd. (BO:KTKM) which was down 0.85% to 1921.60 in late trade, Power Grid Corporation of India Ltd (BO:PGRD) which lost 0.49% to settle at 204.85 and Nestle India Ltd (BO:NEST) which was up 0.44% to 19422.05 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1339 to 444 and 31 ended unchanged; on the Bombay Stock Exchange, 2255 rose and 938 declined, while 126 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 6.47% to 17.2650.

Gold Futures for February delivery was up 0.48% or 8.55 to $1793.25 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January fell 0.72% or 0.52 to hit $71.53 a barrel, while the February Brent oil contract fell 0.45% or 0.34 to trade at $75.10 a barrel.

USD/INR was up 0.11% to 75.472, while EUR/INR rose 0.35% to 85.2345.

The US Dollar Index Futures was down 0.19% at 96.183.