India stocks higher at close of trade; Nifty 50 up 1.48%

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

At the close in NSE, the Nifty 50 added 1.48% to hit a new all time high, while the BSE Sensex 30 index gained 1.63%.

The best performers of the session on the Nifty 50 were Mahindra & Mahindra Ltd. (NS:MAHM ), which rose 5.48% or 153.35 points to trade at 2,950.85 at the close. Meanwhile, ICICI Bank Ltd (NS:ICBK ) added 3.60% or 46.45 points to end at 1,338.45 and JSW Steel Ltd (NS:JSTL ) was up 3.50% or 33.15 points to 981.55 in late trade.

The worst performers of the session were Grasim Industries Ltd (NS:GRAS ), which fell 2.22% or 60.70 points to trade at 2,678.25 at the close. State Bank Of India (NS:SBI ) declined 1.04% or 8.25 points to end at 781.70 and IndusInd Bank Ltd. (NS:INBK ) was down 0.31% or 4.55 points to 1,480.20.

The top performers on the BSE Sensex 30 were Mahindra & Mahindra Ltd. (BO:MAHM ) which rose 5.37% to 2,946.60, ICICI Bank Ltd (BO:ICBK ) which was up 4.47% to settle at 1,349.25 and JSW Steel Ltd (BO:JSTL ) which gained 3.85% to close at 983.65.

The worst performers were State Bank Of India (BO:SBI ) which was down 0.70% to 784.85 in late trade, Bajaj Finance Ltd (BO:BJFN ) which lost 0.18% to settle at 7,574.35 and NTPC Ltd (BO:NTPC ) which was unchanged 0.00% to 424.00 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1614 to 868 and 79 ended unchanged; on the Bombay Stock Exchange, 2318 rose and 1455 declined, while 106 ended unchanged.

Shares in ICICI Bank Ltd (NS:ICBK ) rose to all time highs; up 3.60% or 46.45 to 1,338.45. Shares in JSW Steel Ltd (NS:JSTL ) rose to all time highs; up 3.50% or 33.15 to 981.55. Shares in ICICI Bank Ltd (BO:ICBK ) rose to all time highs; up 4.47% or 57.70 to 1,349.25. Shares in JSW Steel Ltd (BO:JSTL ) rose to all time highs; gaining 3.85% or 36.50 to 983.65. Shares in NTPC Ltd (BO:NTPC ) unchanged to all time highs; unchanged 0.00% or 0.00 to 424.00.

The India VIX , which measures the implied volatility of Nifty 50 options, was up 2.25% to 12.75.

Gold Futures for December delivery was up 0.72% or 18.85 to $2,633.45 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November fell 0.53% or 0.38 to hit $70.78 a barrel, while the November Brent oil contract fell 0.52% or 0.39 to trade at $74.49 a barrel.

USD/INR was down 0.09% to 83.54, while EUR/INR fell 0.11% to 93.23.

The US Dollar Index Futures was up 0.20% at 100.52.

Source: Investing.com