India stocks higher at close of trade; Nifty 50 up 2.57%

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At the close in NSE, the Nifty 50 added 2.57% to hit a new all time high, while the BSE Sensex 30 index added 2.46%.

The best performers of the session on the Nifty 50 were Tata Motors Ltd (NS:TAMO), which rose 16.93% or 47.35 points to trade at 326.95 at the close. Meanwhile, Shree Cements Ltd. (NS:SHCM) added 7.29% or 1789.90 points to end at 26333.50 and UltraTech Cement Ltd (NS:ULTC) was up 6.98% or 400.90 points to 6145.05 in late trade.

The worst performers of the session were HDFC Life Insurance Company Ltd (NS:HDFL), which fell 2.52% or 17.60 points to trade at 681.45 at the close. Bajaj Finserv Ltd (NS:BJFS) declined 2.23% or 216.80 points to end at 9505.00 and Hero MotoCorp Ltd (NS:HROM) was down 1.50% or 50.05 points to 3290.60.

The top performers on the BSE Sensex 30 were State Bank Of India (BO:SBI) which rose 7.10% to 333.20, UltraTech Cement Ltd (BO:ULTC) which was up 7.10% to settle at 6149.95 and HDFC Bank Ltd (BO:HDBK) which gained 5.61% to close at 1560.00.

The worst performers were Bajaj Finserv Ltd (BO:BJFS) which was down 1.96% to 9510.00 in late trade, Hindustan Unilever Ltd. (BO:HLL) which lost 1.03% to settle at 2226.00 and Titan Company Ltd (BO:TITN) which was down 0.93% to 1488.00 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1062 to 576 and 56 ended unchanged; on the Bombay Stock Exchange, 1688 rose and 1143 declined, while 171 ended unchanged.

Shares in Tata Motors Ltd (NS:TAMO) rose to 52-week highs; gaining 16.93% or 47.35 to 326.95. Shares in Shree Cements Ltd. (NS:SHCM) rose to all time highs; gaining 7.29% or 1789.90 to 26333.50. Shares in UltraTech Cement Ltd (NS:ULTC) rose to all time highs; up 6.98% or 400.90 to 6145.05. Shares in State Bank Of India (BO:SBI) rose to 52-week highs; up 7.10% or 22.10 to 333.20. Shares in UltraTech Cement Ltd (BO:ULTC) rose to all time highs; gaining 7.10% or 407.80 to 6149.95. Shares in HDFC Bank Ltd (BO:HDBK) rose to 3-years highs; up 5.61% or 82.80 to 1560.00.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 0.10% to 23.3450.

Gold Futures for April delivery was down 0.69% or 12.90 to $1851.00 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March rose 2.41% or 1.29 to hit $54.84 a barrel, while the April Brent oil contract rose 2.33% or 1.31 to trade at $57.64 a barrel.

USD/INR was down 0.16% to 72.996, while EUR/INR fell 0.31% to 87.8915.

The US Dollar Index Futures was up 0.06% at 91.082.

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