India stocks higher at close of trade; Nifty 50 up 1.78%

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

At the close in NSE, the Nifty 50 added 1.78% to hit a new 52-week high, while the BSE Sensex 30 index added 1.95%.

The best performers of the session on the Nifty 50 were Housing Development Finance Corporation Ltd (NS:HDFC), which rose 5.89% or 147.60 points to trade at 2,651.70 at the close. Meanwhile, HDFC Bank Ltd (NS:HDBK) added 5.67% or 86.40 points to end at 1,611.15 and Infosys Ltd (NS:INFY) was up 4.54% or 68.15 points to 1,570.10 in late trade.

The worst performers of the session were Eicher Motors Ltd. (NS:EICH), which fell 4.90% or 181.20 points to trade at 3,519.65 at the close. Hero MotoCorp Ltd (NS:HROM) declined 1.62% or 44.00 points to end at 2,668.50 and Britannia Industries Ltd (NS:BRIT) was down 0.87% or 36.00 points to 4,098.65.

The top performers on the BSE Sensex 30 were Housing Development Finance Corporation Ltd (BO:HDFC) which rose 5.84% to 2,651.25, HDFC Bank Ltd (BO:HDBK) which was up 5.62% to settle at 1,610.95 and Infosys Ltd (BO:INFY) which gained 4.51% to close at 1,570.05.

The worst performers were Mahindra&Mahindra Ltd. (BO:MAHM) which was down 0.83% to 1,287.15 in late trade, State Bank Of India (BO:SBI) which lost 0.76% to settle at 601.10 and Kotak Mahindra Bank Ltd. (BO:KTKM) which was down 0.73% to 1,898.60 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 994 to 867 and 62 ended unchanged; on the Bombay Stock Exchange, 1731 rose and 1607 declined, while 141 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 7.47% to 14.40 a new 52-week low.

Gold Futures for December delivery was up 0.76% or 13.40 to $1,767.10 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in December rose 3.28% or 2.84 to hit $89.31 a barrel, while the January Brent oil contract rose 2.94% or 2.75 to trade at $96.42 a barrel.

USD/INR was up 0.20% to 80.79, while EUR/INR rose 0.82% to 82.98.

The US Dollar Index Futures was down 0.92% at 107.10.