India stocks higher at close of trade; Nifty 50 up 1.23%

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

At the close in NSE, the rose 1.23% to hit a new all time high, while the index gained 1.34%.

The best performers of the session on the were Tech Mahindra Ltd (NS:), which rose 4.00% or 48.60 points to trade at 1,264.70 at the close. Meanwhile, LTIMindtree Ltd (NS:) added 3.79% or 216.80 points to end at 5,944.30 and Infosys Ltd (NS:) was up 3.62% or 52.45 points to 1,501.45 in late trade.

The worst performers of the session were Power Grid Corporation of India Ltd (NS:), which fell 2.05% or 4.85 points to trade at 232.10 at the close. HDFC Life Insurance Company Ltd (NS:) declined 1.96% or 13.65 points to end at 684.55 and Nestle India Ltd (NS:) was down 0.98% or 244.50 points to 24,799.90.

The top performers on the BSE Sensex 30 were Tech Mahindra Ltd (BO:) which rose 3.91% to 1,264.00, Infosys Ltd (BO:) which was up 3.61% to settle at 1,501.25 and LTIMindtree Ltd (BO:) which gained 3.58% to close at 5,935.00.

The worst performers were Power Grid Corporation of India Ltd (BO:) which was down 2.01% to 232.10 in late trade, Nestle India Ltd (BO:) which lost 1.04% to settle at 24,786.00 and Dr. Reddy’s Laboratories Ltd (BO:) which was down 0.43% to 5,569.75 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1096 to 1000 and 47 ended unchanged; on the Bombay Stock Exchange, 1948 rose and 1690 declined, while 125 ended unchanged.

Shares in LTIMindtree Ltd (NS:) rose to 52-week highs; up 3.79% or 216.80 to 5,944.30. Shares in LTIMindtree Ltd (BO:) rose to 52-week highs; gaining 3.58% or 205.00 to 5,935.00.

The , which measures the implied volatility of Nifty 50 options, was up 2.11% to 12.32.

Gold Futures for February delivery was up 2.57% or 51.30 to $2,048.60 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January rose 1.99% or 1.38 to hit $70.85 a barrel, while the February Brent oil contract rose 2.10% or 1.56 to trade at $75.82 a barrel.

USD/INR was up 0.04% to 83.33, while EUR/INR rose 0.31% to 90.88.

The US Dollar Index Futures was down 0.30% at 102.17.