India stocks higher at close of trade; Nifty 50 up 0.93%

Investing.com – India stocks were higher after the close on Monday, as gains in the Public Sector Undertakings, Technology and IT sectors led shares higher.

At the close in NSE, the Nifty 50 gained 0.93% to hit a new all time high, while the BSE Sensex 30 index climbed 1.05%.

The best performers of the session on the Nifty 50 were Wipro Ltd (NS:WIPR), which rose 6.35% or 29.55 points to trade at 495.00 at the close. Meanwhile, Oil And Natural Gas Corporation Ltd (NS:ONGC) added 4.52% or 10.10 points to end at 233.50 and HCL Technologies Ltd (NS:HCLT) was up 3.07% or 47.35 points to 1,588.15 in late trade.

The worst performers of the session were HDFC Life Insurance Company Ltd (NS:HDFL), which fell 3.55% or 22.65 points to trade at 614.95 at the close. Bajaj Finance Ltd (NS:BJFN) declined 2.47% or 188.85 points to end at 7,472.20 and Bajaj Finserv Ltd (NS:BJFS) was down 1.20% or 19.85 points to 1,632.05.

The top performers on the BSE Sensex 30 were Wipro Ltd (BO:WIPR) which rose 6.25% to 494.55, HCL Technologies Ltd (BO:HCLT) which was up 2.90% to settle at 1,587.70 and Infosys Ltd (BO:INFY) which gained 2.47% to close at 1,652.00.

The worst performers were Bajaj Finance Ltd (BO:BJFN) which was down 2.34% to 7,476.50 in late trade, Bajaj Finserv Ltd (BO:BJFS) which lost 1.17% to settle at 1,632.35 and Larsen&Toubro Ltd (BO:LART) which was down 0.66% to 3,542.50 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1108 to 1068 and 27 ended unchanged; on the Bombay Stock Exchange, 1980 rose and 1831 declined, while 110 ended unchanged.

Shares in Wipro Ltd (NS:WIPR) rose to 52-week highs; rising 6.35% or 29.55 to 495.00. Shares in Oil And Natural Gas Corporation Ltd (NS:ONGC) rose to 5-year highs; rising 4.52% or 10.10 to 233.50. Shares in HCL Technologies Ltd (NS:HCLT) rose to all time highs; up 3.07% or 47.35 to 1,588.15. Shares in Wipro Ltd (BO:WIPR) rose to 52-week highs; rising 6.25% or 29.10 to 494.55. Shares in HCL Technologies Ltd (BO:HCLT) rose to all time highs; rising 2.90% or 44.70 to 1,587.70. Shares in Infosys Ltd (BO:INFY) rose to 52-week highs; rising 2.47% or 39.80 to 1,652.00.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 5.23% to 13.78.

Gold Futures for February delivery was up 0.25% or 5.15 to $2,056.75 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March fell 0.70% or 0.51 to hit $72.28 a barrel, while the March Brent oil contract fell 0.64% or 0.50 to trade at $77.79 a barrel.

USD/INR was up 0.02% to 82.89, while EUR/INR fell 0.10% to 90.64.

The US Dollar Index Futures was up 0.23% at 102.39.