India stocks higher at close of trade; Nifty 50 up 0.28%

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At the close in NSE, the Nifty 50 rose 0.28% to hit a new all time high, while the BSE Sensex 30 index gained 0.40%.

The best performers of the session on the Nifty 50 were UltraTech Cement Ltd (NS:ULTC), which rose 3.06% or 154.90 points to trade at 5211.40 at the close. Meanwhile, Tata Consultancy Services Ltd. (NS:TCS) added 2.09% or 57.30 points to end at 2795.00 and Reliance Industries Ltd (NS:RELI) was up 1.75% or 34.25 points to 1992.45 in late trade.

The worst performers of the session were Hindalco Industries Ltd. (NS:HALC), which fell 2.29% or 5.75 points to trade at 245.50 at the close. Sun Pharmaceutical Industries Ltd. (NS:SUN) declined 2.23% or 13.00 points to end at 569.30 and Bharti Infratel Ltd (NS:BHRI) was down 1.84% or 4.50 points to 240.20.

The top performers on the BSE Sensex 30 were UltraTech Cement Ltd (BO:ULTC) which rose 3.00% to 5207.55, Tata Consultancy Services Ltd. (BO:TCS) which was up 2.23% to settle at 2797.00 and Reliance Industries Ltd (BO:RELI) which gained 1.82% to close at 1993.75.

The worst performers were Sun Pharmaceutical Industries Ltd. (BO:SUN) which was down 2.18% to 569.60 in late trade, IndusInd Bank Ltd. (BO:INBK) which lost 2.00% to settle at 916.90 and NTPC Ltd (BO:NTPC) which was down 1.70% to 98.05 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 897 to 762 and 57 ended unchanged; on the Bombay Stock Exchange, 1422 rose and 1414 declined, while 162 ended unchanged.

Shares in UltraTech Cement Ltd (NS:ULTC) rose to all time highs; rising 3.06% or 154.90 to 5211.40. Shares in UltraTech Cement Ltd (BO:ULTC) rose to all time highs; gaining 3.00% or 151.55 to 5207.55.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 3.29% to 18.6175.

Gold Futures for February delivery was up 0.10% or 1.80 to $1867.80 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January fell 0.42% or 0.19 to hit $45.57 a barrel, while the February Brent oil contract fell 0.41% or 0.20 to trade at $48.59 a barrel.

USD/INR was down 0.25% to 73.575, while EUR/INR fell 0.24% to 89.1695.

The US Dollar Index Futures was up 0.06% at 90.840.