India stocks higher at close of trade; Nifty 50 up 1.14%

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

At the close in NSE, the Nifty 50 gained 1.14% to hit a new all time high, while the BSE Sensex 30 index climbed 1.18%.

The best performers of the session on the Nifty 50 were Infosys Ltd (NS:INFY), which rose 8.10% or 121.00 points to trade at 1,615.20 at the close. Meanwhile, Oil And Natural Gas Corporation Ltd (NS:ONGC) added 5.76% or 12.20 points to end at 224.05 and Tech Mahindra Ltd (NS:TEML) was up 4.69% or 58.55 points to 1,307.95 in late trade.

The worst performers of the session were Cipla Ltd. (NS:CIPL), which fell 1.20% or 15.95 points to trade at 1,309.70 at the close. Apollo Hospitals Enterprises Ltd. (NS:APLH) declined 1.06% or 62.45 points to end at 5,807.45 and Bajaj Finserv Ltd (NS:BJFS) was down 1.02% or 16.95 points to 1,652.30.

The top performers on the BSE Sensex 30 were Infosys Ltd (BO:INFY) which rose 7.84% to 1,612.20, Tech Mahindra Ltd (BO:TEML) which was up 4.73% to settle at 1,307.55 and LTIMindtree Ltd (BO:LTIM) which gained 4.46% to close at 6,232.15.

The worst performers were Bajaj Finserv Ltd (BO:BJFS) which was down 1.05% to 1,651.65 in late trade, Power Grid Corporation of India Ltd (BO:PGRD) which lost 0.97% to settle at 239.50 and UltraTech Cement Ltd (BO:ULTC) which was down 0.81% to 9,823.00 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1087 to 1049 and 41 ended unchanged; on the Bombay Stock Exchange, 2000 rose and 1723 declined, while 84 ended unchanged.

Shares in Oil And Natural Gas Corporation Ltd (NS:ONGC) rose to 5-year highs; up 5.76% or 12.20 to 224.05. Shares in Tech Mahindra Ltd (NS:TEML) rose to 52-week highs; gaining 4.69% or 58.55 to 1,307.95. Shares in Tech Mahindra Ltd (BO:TEML) rose to 52-week highs; up 4.73% or 59.05 to 1,307.55.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 2.60% to 13.10.

Gold Futures for February delivery was up 1.26% or 25.50 to $2,044.70 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February rose 3.53% or 2.54 to hit $74.56 a barrel, while the March Brent oil contract rose 3.32% or 2.57 to trade at $79.98 a barrel.

USD/INR was down 0.21% to 82.91, while EUR/INR fell 0.30% to 90.88.

The US Dollar Index Futures was up 0.07% at 102.10.