India stocks higher at close of trade; Nifty 50 up 1.59%

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

At the close in NSE, the Nifty 50 rose 1.59% to hit a new all time high, while the BSE Sensex 30 index added 1.77%.

The best performers of the session on the Nifty 50 were Hindalco Industries Ltd. (NS:HALC ), which rose 4.15% or 26.90 points to trade at 674.60 at the close. Meanwhile, Bharti Airtel Ltd. (NS:BRTI ) added 3.62% or 57.10 points to end at 1,634.90 and NTPC Ltd (NS:NTPC ) was up 3.43% or 13.35 points to 403.00 in late trade.

The worst performers of the session were Nestle India Ltd (NS:NEST ), which fell 0.11% or 2.85 points to trade at 2,524.00 at the close. Asian Paints Ltd. (NS:ASPN ) declined 0.06% or 1.90 points to end at 3,365.55 and Tata Consultancy Services Ltd. (NS:TCS ) was up 0.36% or 15.95 points to 4,495.30.

The top performers on the BSE Sensex 30 were Bharti Airtel Ltd (BO:BRTI ) which rose 3.68% to 1,635.75, NTPC Ltd (BO:NTPC ) which was up 3.53% to settle at 403.45 and JSW Steel Ltd (BO:JSTL ) which gained 2.96% to close at 954.25.

The worst performers were Nestle India Ltd (BO:NEST ) which was down 0.09% to 2,524.15 in late trade, Asian Paints Ltd. (BO:ASPN ) which gained 0.11% to settle at 3,370.00 and Tata Consultancy Services Ltd. (BO:TCS ) which was up 0.40% to 4,503.20 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1568 to 892 and 26 ended unchanged; on the Bombay Stock Exchange, 2205 rose and 1578 declined, while 111 ended unchanged.

Shares in Bharti Airtel Ltd. (NS:BRTI ) rose to all time highs; gaining 3.62% or 57.10 to 1,634.90. Shares in Bharti Airtel Ltd (BO:BRTI ) rose to all time highs; rising 3.68% or 58.05 to 1,635.75.

The India VIX , which measures the implied volatility of Nifty 50 options, was down 5.25% to 12.91 a new 1-month low.

Gold Futures for December delivery was up 0.13% or 3.30 to $2,545.70 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in October rose 1.77% or 1.19 to hit $68.50 a barrel, while the November Brent oil contract rose 1.61% or 1.14 to trade at $71.75 a barrel.

USD/INR was down 0.04% to 83.95, while EUR/INR rose 0.02% to 92.51.

The US Dollar Index Futures was up 0.07% at 101.73.

Source: Investing.com