India stocks higher at close of trade; Nifty 50 up 0.97%

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At the close in NSE, the Nifty 50 rose 0.97% to hit a new all time high, while the BSE Sensex 30 index climbed 0.92%.

The best performers of the session on the Nifty 50 were IndusInd Bank Ltd. (NS:INBK), which rose 7.29% or 71.15 points to trade at 1046.80 at the close. Meanwhile, Power Grid Corporation of India Ltd (NS:PGRD) added 5.97% or 11.60 points to end at 205.80 and Divi’s Laboratories Ltd. (NS:DIVI) was up 4.66% or 165.40 points to 3714.00 in late trade.

The worst performers of the session were Shree Cements Ltd. (NS:SHCM), which fell 1.64% or 432.55 points to trade at 26000.00 at the close. UPL Ltd (NS:UPLL) declined 1.51% or 8.55 points to end at 557.75 and UltraTech Cement Ltd (NS:ULTC) was down 0.99% or 60.40 points to 6063.15.

The top performers on the BSE Sensex 30 were IndusInd Bank Ltd. (BO:INBK) which rose 7.65% to 1049.55, Power Grid Corporation of India Ltd (BO:PGRD) which was up 6.08% to settle at 206.00 and Dr. Reddy’s Laboratories Ltd (BO:REDY) which gained 3.92% to close at 4660.00.

The worst performers were Maruti Suzuki India Ltd. (BO:MRTI) which was down 0.87% to 7589.00 in late trade, UltraTech Cement Ltd (BO:ULTC) which lost 0.85% to settle at 6075.00 and ITC Ltd (BO:ITC) which was down 0.66% to 216.75 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1036 to 601 and 67 ended unchanged; on the Bombay Stock Exchange, 1718 rose and 1161 declined, while 146 ended unchanged.

Shares in Power Grid Corporation of India Ltd (NS:PGRD) rose to 52-week highs; gaining 5.97% or 11.60 to 205.80. Shares in Power Grid Corporation of India Ltd (BO:PGRD) rose to 52-week highs; up 6.08% or 11.80 to 206.00.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 1.71% to 23.7450.

Gold Futures for April delivery was up 0.20% or 3.70 to $1837.10 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March rose 0.66% or 0.36 to hit $55.12 a barrel, while the April Brent oil contract rose 0.26% or 0.15 to trade at $57.95 a barrel.

USD/INR was up 0.09% to 72.966, while EUR/INR fell 0.09% to 87.7020.

The US Dollar Index Futures was up 0.19% at 91.198.