India stocks higher at close of trade; Nifty 50 up 1.08%

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At the close in NSE, the Nifty 50 rose 1.08% to hit a new all time high, while the BSE Sensex 30 index added 1.15%.

The best performers of the session on the Nifty 50 were GAIL Ltd (NS:GAIL), which rose 7.94% or 8.15 points to trade at 110.80 at the close. Meanwhile, Sun Pharmaceutical Industries Ltd. (NS:SUN) added 5.74% or 29.35 points to end at 541.00 and IndusInd Bank Ltd. (NS:INBK) was up 4.94% or 42.35 points to 900.00 in late trade.

The worst performers of the session were Nestle India Ltd (NS:NEST), which fell 2.57% or 458.95 points to trade at 17430.00 at the close. Kotak Mahindra Bank Ltd. (NS:KTKM) declined 1.63% or 31.00 points to end at 1876.10 and Titan Company Ltd (NS:TITN) was down 1.34% or 18.20 points to 1343.00.

The top performers on the BSE Sensex 30 were Sun Pharmaceutical Industries Ltd. (BO:SUN) which rose 5.51% to 539.75, IndusInd Bank Ltd. (BO:INBK) which was up 4.37% to settle at 895.10 and Tech Mahindra Ltd (BO:TEML) which gained 3.86% to close at 910.00.

The worst performers were Kotak Mahindra Bank Ltd. (BO:KTKM) which was down 1.39% to 1875.15 in late trade, Nestle India Ltd (BO:NEST) which lost 1.32% to settle at 17424.15 and Titan Company Ltd (BO:TITN) which was down 1.21% to 1341.45 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1124 to 521 and 76 ended unchanged; on the Bombay Stock Exchange, 1845 rose and 953 declined, while 161 ended unchanged.

Shares in Tech Mahindra Ltd (BO:TEML) rose to 5-year highs; rising 3.86% or 33.85 to 910.00.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 1.84% to 20.1825.

Gold Futures for February delivery was up 1.13% or 20.10 to $1801.00 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January fell 0.09% or 0.04 to hit $45.30 a barrel, while the February Brent oil contract unchanged 0.00% or 0.00 to trade at $47.88 a barrel.

USD/INR was down 0.45% to 73.657, while EUR/INR fell 0.09% to 88.1745.

The US Dollar Index Futures was down 0.12% at 91.748.