India stocks higher at close of trade; Nifty 50 up 0.42%

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At the close in NSE, the Nifty 50 rose 0.42% to hit a new all time high, while the BSE Sensex 30 index gained 0.48%.

The best performers of the session on the Nifty 50 were Bajaj Finance Ltd (NS:BJFN), which rose 2.72% or 140.10 points to trade at 5286.70 at the close. Meanwhile, Housing Development Finance Corporation Ltd (NS:HDFC) added 2.70% or 65.45 points to end at 2490.10 and HDFC Bank Ltd (NS:HDBK) was up 2.20% or 31.10 points to 1441.80 in late trade.

The worst performers of the session were Zee Entertainment Enterprises Ltd. (NS:ZEE), which fell 2.59% or 6.00 points to trade at 225.90 at the close. Hindalco Industries Ltd. (NS:HALC) declined 2.23% or 5.60 points to end at 245.85 and Adani Port and Special Economic Zone Ltd (NS:APSE) was down 1.64% or 7.80 points to 467.75.

The top performers on the BSE Sensex 30 were Housing Development Finance Corporation Ltd (BO:HDFC) which rose 2.72% to 2490.10, Bajaj Finance Ltd (BO:BJFN) which was up 2.38% to settle at 5265.80 and HDFC Bank Ltd (BO:HDBK) which gained 1.97% to close at 1438.60.

The worst performers were Maruti Suzuki India Ltd. (BO:MRTI) which was down 1.65% to 7672.00 in late trade, Oil And Natural Gas Corporation Ltd (BO:ONGC) which lost 1.55% to settle at 101.50 and Power Grid Corporation of India Ltd (BO:PGRD) which was down 1.38% to 193.50 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 983 to 690 and 49 ended unchanged; on the Bombay Stock Exchange, 1535 fell and 1321 advanced, while 164 ended unchanged.

Shares in Bajaj Finance Ltd (NS:BJFN) rose to all time highs; up 2.72% or 140.10 to 5286.70. Shares in HDFC Bank Ltd (NS:HDBK) rose to all time highs; up 2.20% or 31.10 to 1441.80. Shares in Bajaj Finance Ltd (BO:BJFN) rose to all time highs; up 2.38% or 122.30 to 5265.80.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 0.22% to 19.1575.

Gold Futures for February delivery was up 1.11% or 20.55 to $1879.65 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January rose 0.42% or 0.20 to hit $48.02 a barrel, while the February Brent oil contract rose 0.33% or 0.17 to trade at $51.25 a barrel.

USD/INR was down 0.10% to 73.560, while EUR/INR rose 0.14% to 89.9305.

The US Dollar Index Futures was down 0.52% at 89.888.