India stocks higher at close of trade; Nifty 50 up 1.62%

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

At the close in NSE, the Nifty 50 added 1.62% to hit a new all time high, while the BSE Sensex 30 index gained 1.72%.

The best performers of the session on the Nifty 50 were Tata Steel Ltd (NS:TISC), which rose 6.46% or 9.10 points to trade at 149.95 at the close. Meanwhile, Larsen&Toubro Ltd (NS:LART) added 4.48% or 155.95 points to end at 3,633.50 and JSW Steel Ltd (NS:JSTL) was up 4.31% or 34.45 points to 834.55 in late trade.

The worst performers of the session were Dr Reddy’s Laboratories Ltd (NS:REDY), which fell 3.59% or 230.70 points to trade at 6,193.55 at the close. Sun Pharmaceutical Industries Ltd. (NS:SUN) declined 1.19% or 18.70 points to end at 1,559.25 and HCL Technologies Ltd (NS:HCLT) was down 1.19% or 19.75 points to 1,644.10.

The top performers on the BSE Sensex 30 were Tata Steel Ltd (BO:TISC) which rose 6.46% to 150.00, Larsen&Toubro Ltd (BO:LART) which was up 4.39% to settle at 3,634.50 and Titan Company Ltd (BO:TITN) which gained 3.63% to close at 3,760.95.

The worst performers were Dr Reddy’s Laboratories Ltd (BO:REDY) which was down 3.47% to 6,197.40 in late trade, HCL Technologies Ltd (BO:HCLT) which lost 1.36% to settle at 1,644.45 and Infosys Ltd (BO:INFY) which was down 1.19% to 1,655.05 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1372 to 791 and 37 ended unchanged; on the Bombay Stock Exchange, 2268 rose and 1429 declined, while 103 ended unchanged.

Shares in Tata Steel Ltd (NS:TISC) rose to 52-week highs; rising 6.46% or 9.10 to 149.95. Shares in Tata Steel Ltd (BO:TISC) rose to 52-week highs; gaining 6.46% or 9.10 to 150.00.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 2.17% to 15.23.

Gold Futures for April delivery was up 0.21% or 4.25 to $2,058.95 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April rose 1.16% or 0.91 to hit $79.17 a barrel, while the May Brent oil contract rose 1.16% or 0.95 to trade at $82.86 a barrel.

USD/INR was down 0.02% to 82.89, while EUR/INR fell 0.06% to 89.53.

The US Dollar Index Futures was up 0.04% at 104.14.