India stocks higher at close of trade; Nifty 50 up 1.35%

Investing.com – India stocks were higher after the close on Friday, as gains in the Metals, Oil&Gas and Green Energy sectors led shares higher.

At the close in NSE, the Nifty 50 gained 1.35% to hit a new 3-months high, while the BSE Sensex 30 index climbed 1.25%.

The best performers of the session on the Nifty 50 were SBI Life Insurance Company Ltd (NS:SBIL), which rose 8.64% or 102.95 points to trade at 1,294.40 at the close. Meanwhile, Tata Steel Ltd (NS:TISC) added 7.22% or 7.25 points to end at 107.60 and Hindalco Industries Ltd. (NS:HALC) was up 5.77% or 22.65 points to 415.05 in late trade.

The worst performers of the session were Dr. Reddy’s Laboratories Ltd (NS:REDY), which fell 3.98% or 169.70 points to trade at 4,090.35 at the close. Kotak Mahindra Bank Ltd. (NS:KTKM) declined 0.99% or 18.15 points to end at 1,810.35 and State Bank Of India (NS:SBI) was down 0.77% or 4.10 points to 528.35.

The top performers on the BSE Sensex 30 were Tata Steel Ltd (BO:TISC) which rose 7.27% to 107.65, Sun Pharmaceutical Industries Ltd. (BO:SUN) which was up 5.45% to settle at 943.55 and Bajaj Finserv Ltd (BO:BJFS) which gained 2.64% to close at 15,039.30.

The worst performers were Dr. Reddy’s Laboratories Ltd (BO:REDY) which was down 3.96% to 4,090.35 in late trade, Kotak Mahindra Bank Ltd. (BO:KTKM) which lost 0.97% to settle at 1,810.80 and State Bank Of India (BO:SBI) which was down 0.77% to 528.20 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1187 to 627 and 53 ended unchanged; on the Bombay Stock Exchange, 1998 rose and 1201 declined, while 141 ended unchanged.

Shares in SBI Life Insurance Company Ltd (NS:SBIL) rose to all time highs; rising 8.64% or 102.95 to 1,294.40. Shares in Sun Pharmaceutical Industries Ltd. (BO:SUN) rose to 5-year highs; up 5.45% or 48.80 to 943.55.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 2.72% to 16.55 a new 6-months low.

Gold Futures for August delivery was up 0.52% or 9.10 to $1,759.40 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September rose 2.16% or 2.08 to hit $98.50 a barrel, while the October Brent oil contract rose 1.97% or 2.01 to trade at $103.84 a barrel.

USD/INR was down 0.42% to 79.24, while EUR/INR fell 0.08% to 81.10.

The US Dollar Index Futures was down 0.50% at 105.71.