India stocks higher at close of trade; Nifty 50 up 0.55%

© Reuters India stocks higher at close of trade; Nifty 50 up 0.55%

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

At the close in NSE, the Nifty 50 gained 0.55%, while the BSE Sensex 30 index climbed 0.51%.

The best performers of the session on the Nifty 50 were IndusInd Bank Ltd. (NS:INBK), which rose 2.09% or 25.25 points to trade at 1,234.40 at the close. Meanwhile, Adani Enterprises Ltd (NS:ADEL) added 2.03% or 73.95 points to end at 3,721.15 and Tata Steel Ltd (NS:TISC) was up 1.99% or 2.35 points to 120.45 in late trade.

The worst performers of the session were Titan Company Ltd (NS:TITN), which fell 1.20% or 29.40 points to trade at 2,417.20 at the close. Apollo Hospitals Enterprises Ltd. (NS:APLH) declined 0.52% or 22.80 points to end at 4,336.95 and Nestle India Ltd (NS:NEST) was down 0.46% or 90.95 points to 19,782.30.

The top performers on the BSE Sensex 30 were Tata Steel Ltd (BO:TISC) which rose 2.03% to 120.45, IndusInd Bank Ltd. (BO:INBK) which was up 2.00% to settle at 1,233.45 and Infosys Ltd (BO:INFY) which gained 1.55% to close at 1,503.50.

The worst performers were Titan Company Ltd (BO:TITN) which was down 1.14% to 2,417.65 in late trade, Nestle India Ltd (BO:NEST) which lost 0.44% to settle at 19,790.95 and Larsen & Toubro Ltd (BO:LART) which was down 0.30% to 2,153.75 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1075 to 825 and 68 ended unchanged; on the Bombay Stock Exchange, 1898 rose and 1459 declined, while 150 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 5.34% to 14.46.

Gold Futures for February delivery was up 0.45% or 8.55 to $1,907.35 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February rose 1.02% or 0.80 to hit $79.19 a barrel, while the March Brent oil contract rose 0.96% or 0.81 to trade at $84.84 a barrel.

USD/INR was up 0.33% to 81.37, while EUR/INR rose 0.26% to 88.21.

The US Dollar Index Futures was down 0.08% at 101.91.