India stocks higher at close of trade; Nifty 50 up 0.85%

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At the close in NSE, the Nifty 50 rose 0.85% to hit a new all time high, while the BSE Sensex 30 index added 0.80%.

The best performers of the session on the Nifty 50 were Tata Motors Ltd (NS:TAMO), which rose 6.28% or 16.25 points to trade at 274.90 at the close. Meanwhile, Adani Port and Special Economic Zone Ltd (NS:APSE) added 4.84% or 25.80 points to end at 558.60 and Wipro Ltd (NS:WIPR) was up 3.42% or 14.70 points to 444.95 in late trade.

The worst performers of the session were Shree Cements Ltd. (NS:SHCM), which fell 1.82% or 444.50 points to trade at 23930.00 at the close. Power Grid Corporation of India Ltd (NS:PGRD) declined 1.75% or 3.50 points to end at 196.15 and NTPC Ltd (NS:NTPC) was down 1.35% or 1.35 points to 98.30.

The top performers on the BSE Sensex 30 were Tech Mahindra Ltd (BO:TEML) which rose 2.65% to 1019.00, Maruti Suzuki India Ltd. (BO:MRTI) which was up 2.48% to settle at 8121.20 and Reliance Industries Ltd (BO:RELI) which gained 1.91% to close at 2054.85.

The worst performers were Power Grid Corporation of India Ltd (BO:PGRD) which was down 2.20% to 195.40 in late trade, NTPC Ltd (BO:NTPC) which lost 1.40% to settle at 98.25 and HDFC Bank Ltd (BO:HDBK) which was down 0.84% to 1490.70 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 846 to 796 and 61 ended unchanged; on the Bombay Stock Exchange, 1498 rose and 1382 declined, while 146 ended unchanged.

Shares in Tata Motors Ltd (NS:TAMO) rose to 52-week highs; gaining 6.28% or 16.25 to 274.90. Shares in Adani Port and Special Economic Zone Ltd (NS:APSE) rose to all time highs; gaining 4.84% or 25.80 to 558.60.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 5.88% to 21.5500.

Gold Futures for February delivery was up 0.76% or 13.90 to $1854.10 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March rose 1.06% or 0.56 to hit $53.54 a barrel, while the March Brent oil contract rose 0.73% or 0.41 to trade at $56.31 a barrel.

USD/INR was down 0.25% to 73.010, while EUR/INR fell 0.28% to 88.4980.

The US Dollar Index Futures was down 0.08% at 90.407.

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