India stocks higher at close of trade; Nifty 50 up 0.96%

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At the close in NSE, the Nifty 50 rose 0.96% to hit a new all time high, while the BSE Sensex 30 index climbed 1.00%.

The best performers of the session on the Nifty 50 were Tata Motors Ltd (NS:TAMO), which rose 11.36% or 22.50 points to trade at 220.65 at the close. Meanwhile, HCL Technologies Ltd (NS:HCLT) added 6.08% or 60.45 points to end at 1055.10 and Infosys Ltd (NS:INFY) was up 4.89% or 64.10 points to 1376.20 in late trade.

The worst performers of the session were Tata Steel Ltd (NS:TISC), which fell 2.45% or 17.50 points to trade at 695.65 at the close. Bajaj Finserv Ltd (NS:BJFS) declined 2.02% or 185.50 points to end at 8986.10 and Bajaj Finance Ltd (NS:BJFN) was down 1.92% or 97.75 points to 4984.25.

The top performers on the BSE Sensex 30 were HCL Technologies Ltd (BO:HCLT) which rose 5.93% to 1053.45, Infosys Ltd (BO:INFY) which was up 4.72% to settle at 1373.70 and Housing Development Finance Corporation Ltd (BO:HDFC) which gained 3.54% to close at 2747.30.

The worst performers were Bajaj Finance Ltd (BO:BJFN) which was down 1.90% to 4984.15 in late trade, Reliance Industries Ltd (BO:RELI) which lost 1.86% to settle at 1897.00 and Bajaj Finserv Ltd (BO:BJFS) which was down 1.81% to 9004.30 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1021 to 665 and 51 ended unchanged; on the Bombay Stock Exchange, 1627 fell and 1395 advanced, while 138 ended unchanged.

Shares in Tata Motors Ltd (NS:TAMO) rose to 52-week highs; up 11.36% or 22.50 to 220.65. Shares in HCL Technologies Ltd (NS:HCLT) rose to all time highs; up 6.08% or 60.45 to 1055.10. Shares in Infosys Ltd (NS:INFY) rose to all time highs; gaining 4.89% or 64.10 to 1376.20. Shares in HCL Technologies Ltd (BO:HCLT) rose to all time highs; rising 5.93% or 59.00 to 1053.45. Shares in Infosys Ltd (BO:INFY) rose to all time highs; up 4.72% or 61.90 to 1373.70. Shares in Housing Development Finance Corporation Ltd (BO:HDFC) rose to all time highs; rising 3.54% or 93.90 to 2747.30.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 8.44% to 22.3825.

Gold Futures for February delivery was up 0.78% or 14.30 to $1849.70 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February fell 0.92% or 0.48 to hit $51.76 a barrel, while the March Brent oil contract fell 1.46% or 0.82 to trade at $55.17 a barrel.

USD/INR was up 0.14% to 73.434, while EUR/INR fell 0.33% to 89.3180.

The US Dollar Index Futures was up 0.42% at 90.450.