India stocks higher at close of trade; Nifty 50 up 0.96%

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

At the close in NSE, the Nifty 50 gained 0.96% to hit a new 1-month high, while the BSE Sensex 30 index gained 1.06%.

The best performers of the session on the Nifty 50 were Bharti Airtel Ltd. (NS:BRTI ), which rose 4.42% or 71.20 points to trade at 1,681.75 at the close. Meanwhile, Kotak Mahindra Bank Ltd. (NS:KTKM ) added 2.09% or 36.95 points to end at 1,805.65 and ITC Ltd (NS:ITC ) was up 2.04% or 9.40 points to 470.00 in late trade.

The worst performers of the session were Shriram Finance Ltd. (NS:SHMF ), which fell 2.63% or 85.55 points to trade at 3,162.55 at the close. Tata Steel Ltd (NS:TISC ) declined 1.21% or 1.83 points to end at 148.95 and IndusInd Bank Ltd. (NS:INBK ) was down 1.13% or 11.30 points to 986.65.

The top performers on the BSE Sensex 30 were Bharti Airtel Ltd (BO:BRTI ) which rose 4.31% to 1,680.75, ITC Ltd (BO:ITC ) which was up 2.39% to settle at 471.60 and Kotak Mahindra Bank Ltd. (BO:KTKM ) which gained 2.00% to close at 1,805.00.

The worst performers were Tata Steel Ltd (BO:TISC ) which was down 1.39% to 148.75 in late trade, IndusInd Bank Ltd. (BO:INBK ) which lost 1.05% to settle at 987.45 and JSW Steel Ltd (BO:JSTL ) which was down 0.90% to 997.50 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1476 to 982 and 160 ended unchanged; on the Bombay Stock Exchange, 2075 fell and 1735 advanced, while 111 ended unchanged.

The India VIX , which measures the implied volatility of Nifty 50 options, was down 1.54% to 12.99 a new 1-month low.

Gold Futures for February delivery was down 0.75% or 20.21 to $2,689.19 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January rose 0.83% or 0.58 to hit $70.60 a barrel, while the February Brent oil contract rose 0.79% or 0.58 to trade at $73.99 a barrel.

USD/INR was down 0.07% to 84.79, while EUR/INR rose 0.19% to 88.95.

The US Dollar Index Futures was up 0.01% at 106.66.

Source: Investing.com