India stocks higher at close of trade; Nifty 50 up 0.96%

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© Reuters. India stocks higher at close of trade; Nifty 50 up 0.96%© Reuters. India stocks higher at close of trade; Nifty 50 up 0.96% – India stocks were higher after the close on Friday, as gains in the , and sectors led shares higher.

At the close in NSE, the rose 0.96%, while the index added 1.05%.

The best performers of the session on the were AXIS Bank Ltd (NS:), which rose 4.18% or 30.15 points to trade at 752.00 at the close. Meanwhile, Vedanta Ltd (NS:) added 3.78% or 5.45 points to end at 149.40 and Hindalco Industries Ltd. (NS:) was up 3.55% or 7.15 points to 208.25 in late trade.

The worst performers of the session were Dr. Reddy’s Laboratories Ltd (NS:), which fell 2.77% or 80.60 points to trade at 2821.50 at the close. Bharti Airtel Ltd. (NS:) declined 1.97% or 8.65 points to end at 427.80 and Zee Entertainment Enterprises Ltd. (NS:) was down 1.60% or 4.55 points to 279.70.

The top performers on the BSE Sensex 30 were AXIS Bank Ltd. (BO:) which rose 4.21% to 752.00, Vedanta Ltd (BO:) which was up 3.75% to settle at 149.35 and State Bank Of India (BO:) which gained 3.39% to close at 332.70.

The worst performers were Bharti Airtel Ltd (BO:) which was down 2.46% to 427.50 in late trade, Kotak Mahindra Bank Ltd. (BO:) which lost 1.38% to settle at 1691.95 and Bajaj Auto Ltd (BO:) which was down 0.88% to 3232.30 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1041 to 514 and 71 ended unchanged; on the Bombay Stock Exchange, 1472 rose and 941 declined, while 159 ended unchanged.

The , which measures the implied volatility of Nifty 50 options, was down 0.36% to 13.3000 a new 3-months low.

Gold Futures for February delivery was up 0.19% or 2.85 to $1475.15 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January rose 1.30% or 0.77 to hit $59.95 a barrel, while the February Brent oil contract rose 1.59% or 1.02 to trade at $65.22 a barrel.

USD/INR was up 0.29% to 70.765, while EUR/INR rose 0.75% to 79.1085.

The US Dollar Index Futures was down 0.56% at 96.838.

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