India stocks higher at close of trade; Nifty 50 up 0.71%

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At the close in NSE, the Nifty 50 added 0.71% to hit a new all time high, while the BSE Sensex 30 index climbed 0.71%.

The best performers of the session on the Nifty 50 were ITC Ltd (NS:ITC), which rose 6.09% or 13.20 points to trade at 229.95 at the close. Meanwhile, State Bank Of India (NS:SBI) added 5.70% or 19.15 points to end at 355.10 and Bajaj Finance Ltd (NS:BJFN) was up 4.95% or 259.75 points to 5504.85 in late trade.

The worst performers of the session were Asian Paints Ltd. (NS:ASPN), which fell 2.11% or 51.85 points to trade at 2401.80 at the close. UPL Ltd (NS:UPLL) declined 1.83% or 10.20 points to end at 548.05 and Cipla Ltd. (NS:CIPL) was down 1.65% or 14.00 points to 835.25.

The top performers on the BSE Sensex 30 were ITC Ltd (BO:ITC) which rose 6.21% to 230.20, State Bank Of India (BO:SBI) which was up 5.73% to settle at 355.10 and Bajaj Finance Ltd (BO:BJFN) which gained 4.91% to close at 5505.00.

The worst performers were Asian Paints Ltd. (BO:ASPN) which was down 1.85% to 2407.50 in late trade, IndusInd Bank Ltd. (BO:INBK) which lost 1.73% to settle at 1031.35 and Bharti Airtel Ltd (BO:BRTI) which was down 1.46% to 599.90 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1042 to 583 and 66 ended unchanged; on the Bombay Stock Exchange, 1787 rose and 1089 declined, while 136 ended unchanged.

Shares in ITC Ltd (NS:ITC) rose to 52-week highs; gaining 6.09% or 13.20 to 229.95. Shares in State Bank Of India (NS:SBI) rose to 52-week highs; gaining 5.70% or 19.15 to 355.10. Shares in Bajaj Finance Ltd (NS:BJFN) rose to all time highs; up 4.95% or 259.75 to 5504.85. Shares in ITC Ltd (BO:ITC) rose to 52-week highs; gaining 6.21% or 13.45 to 230.20. Shares in State Bank Of India (BO:SBI) rose to 52-week highs; rising 5.73% or 19.25 to 355.10. Shares in Bajaj Finance Ltd (BO:BJFN) rose to all time highs; gaining 4.91% or 257.40 to 5505.00.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 2.62% to 23.1225.

Gold Futures for April delivery was down 1.12% or 20.55 to $1814.55 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March rose 0.75% or 0.42 to hit $56.11 a barrel, while the April Brent oil contract rose 0.19% or 0.11 to trade at $58.80 a barrel.

USD/INR was up 0.23% to 72.980, while EUR/INR fell 0.12% to 87.5045.

The US Dollar Index Futures was up 0.35% at 91.422.