India stocks higher at close of trade; Nifty 50 up 0.89%

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At the close in NSE, the Nifty 50 rose 0.89%, while the BSE Sensex 30 index added 0.94%.

The best performers of the session on the Nifty 50 were Larsen & Toubro Ltd (NS:LART), which rose 3.73% or 79.70 points to trade at 2,216.90 at the close. Meanwhile, Hindustan Unilever Ltd. (NS:HLL) added 2.64% or 68.55 points to end at 2,665.65 and Housing Development Finance Corporation Ltd (NS:HDFC) was up 1.73% or 44.80 points to 2,639.60 in late trade.

The worst performers of the session were State Bank Of India (NS:SBI), which fell 1.58% or 9.55 points to trade at 593.45 at the close. Bajaj Finserv Ltd (NS:BJFS) declined 0.72% or 9.90 points to end at 1,374.00 and IndusInd Bank Ltd. (NS:INBK) was down 0.63% or 7.75 points to 1,231.50.

The top performers on the BSE Sensex 30 were Larsen & Toubro Ltd (BO:LART) which rose 3.51% to 2,213.15, Hindustan Unilever Ltd. (BO:HLL) which was up 2.67% to settle at 2,666.40 and Housing Development Finance Corporation Ltd (BO:HDFC) which gained 1.77% to close at 2,640.65.

The worst performers were State Bank Of India (BO:SBI) which was down 1.67% to 592.95 in late trade, Bajaj Finserv Ltd (BO:BJFS) which lost 0.81% to settle at 1,373.05 and IndusInd Bank Ltd. (BO:INBK) which was down 0.74% to 1,230.00 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1063 to 833 and 68 ended unchanged; on the Bombay Stock Exchange, 1749 fell and 1627 advanced, while 140 ended unchanged.

Shares in Larsen & Toubro Ltd (NS:LART) rose to all time highs; rising 3.73% or 79.70 to 2,216.90. Shares in Larsen & Toubro Ltd (BO:LART) rose to all time highs; up 3.51% or 74.95 to 2,213.15.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 2.88% to 14.59.

Gold Futures for February delivery was down 0.75% or 14.35 to $1,907.35 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March rose 0.01% or 0.01 to hit $80.12 a barrel, while the March Brent oil contract rose 0.82% or 0.69 to trade at $85.15 a barrel.

USD/INR was up 0.20% to 81.79, while EUR/INR rose 0.18% to 88.44.

The US Dollar Index Futures was up 0.28% at 102.23.

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