India stocks higher at close of trade; Nifty 50 up 1.64%

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

At the close in NSE, the Nifty 50 rose 1.64%, while the BSE Sensex 30 index added 1.80%.

The best performers of the session on the Nifty 50 were Hindalco Industries Ltd. (NS:HALC), which rose 5.21% or 19.35 points to trade at 390.55 at the close. Meanwhile, Bharti Airtel Ltd. (NS:BRTI) added 4.61% or 35.25 points to end at 799.90 and IndusInd Bank Ltd. (NS:INBK) was up 3.76% or 42.95 points to 1,185.20 in late trade.

The worst performers of the session were Shree Cements Ltd. (NS:SHCM), which fell 1.19% or 253.95 points to trade at 21,033.10 at the close. Dr. Reddy’s Laboratories Ltd (NS:REDY) declined 0.82% or 35.85 points to end at 4,324.85 and Coal India Ltd (NS:COAL) was down 0.77% or 1.65 points to 212.25.

The top performers on the BSE Sensex 30 were Bharti Airtel Ltd (BO:BRTI) which rose 4.49% to 799.75, IndusInd Bank Ltd. (BO:INBK) which was up 3.78% to settle at 1,186.30 and Bajaj Finance Ltd (BO:BJFN) which gained 3.28% to close at 7,337.55.

The worst performers were Asian Paints Ltd. (BO:ASPN) which was down 1.26% to 3,342.15 in late trade, Dr. Reddy’s Laboratories Ltd (BO:REDY) which lost 0.58% to settle at 4,333.95 and ITC Ltd (BO:ITC) which was down 0.32% to 332.00 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1339 to 485 and 51 ended unchanged; on the Bombay Stock Exchange, 2226 rose and 1067 declined, while 93 ended unchanged.

Shares in Bharti Airtel Ltd. (NS:BRTI) rose to all time highs; gaining 4.61% or 35.25 to 799.90. Shares in Bharti Airtel Ltd (BO:BRTI) rose to all time highs; up 4.49% or 34.35 to 799.75.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 6.27% to 19.97.

Gold Futures for December delivery was up 0.39% or 6.50 to $1,675.10 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 0.30% or 0.24 to hit $81.47 a barrel, while the December Brent oil contract rose 0.26% or 0.23 to trade at $87.41 a barrel.

USD/INR was down 0.05% to 81.42, while EUR/INR fell 0.52% to 79.54.

The US Dollar Index Futures was up 0.10% at 112.31.