India stocks higher at close of trade; Nifty 50 up 3.81%

Investing.com – India stocks were higher after the close on Friday, as gains in the , and sectors led shares higher.

At the close in NSE, the rose 3.81%, while the index climbed 4.04%.

The best performers of the session on the were State Bank Of India (NS:), which rose 14.89% or 31.65 points to trade at 244.25 at the close. Meanwhile, Tata Steel Ltd (NS:) added 14.52% or 41.75 points to end at 329.20 and Housing Development Finance Corporation Ltd (NS:) was up 10.50% or 196.95 points to 2072.65 in late trade.

The worst performers of the session were UPL Ltd (NS:), which fell 7.15% or 31.70 points to trade at 411.90 at the close. Zee Entertainment Enterprises Ltd. (NS:) declined 4.17% or 7.95 points to end at 182.70 and Nestle India Ltd (NS:) was down 3.70% or 575.40 points to 14990.15.

The top performers on the BSE Sensex 30 were State Bank Of India (BO:) which rose 13.87% to 242.25, Tata Steel Ltd (BO:) which was up 13.48% to settle at 325.45 and Housing Development Finance Corporation Ltd (BO:) which gained 10.33% to close at 2068.50.

The worst performers were Nestle India Ltd (BO:) which was down 4.12% to 14975.80 in late trade, Asian Paints Ltd. (BO:) which lost 2.35% to settle at 1799.55 and Hindustan Unilever Ltd. (BO:) which was down 1.27% to 2033.20 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 854 to 684 and 88 ended unchanged; on the Bombay Stock Exchange, 1183 rose and 1079 declined, while 148 ended unchanged.

Shares in UPL Ltd (NS:) fell to 52-week lows; down 7.15% or 31.70 to 411.90. Shares in Zee Entertainment Enterprises Ltd. (NS:) fell to 5-year lows; losing 4.17% or 7.95 to 182.70.

The , which measures the implied volatility of Nifty 50 options, was up 25.05% to 51.4725 a new 5-year high.

Gold Futures for April delivery was down 0.33% or 5.20 to $1585.10 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April rose 5.02% or 1.58 to hit $33.08 a barrel, while the May Brent oil contract rose 5.24% or 1.74 to trade at $34.96 a barrel.

USD/INR was down 0.88% to 73.918, while EUR/INR fell 1.11% to 82.4695.

The US Dollar Index Futures was up 0.24% at 97.695.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.