India stocks higher at close of trade; Nifty 50 up 1.36%

India stocks were higher after the close on Tuesday, as gains in the Banking, Capital Goods and Public Sector Undertakings sectors led shares higher.

At the close in NSE, the Nifty 50 gained 1.36% to hit a new all time high, while the BSE Sensex 30 index added 1.60%.

The best performers of the session on the Nifty 50 were Bajaj Finance Ltd (NS:BJFN), which rose 8.93% or 345.00 points to trade at 4210.00 at the close. Meanwhile, IndusInd Bank Ltd. (NS:INBK) added 7.29% or 56.55 points to end at 832.00 and Larsen & Toubro Ltd (NS:LART) was up 6.85% or 66.15 points to 1032.00 in late trade.

The worst performers of the session were Tech Mahindra Ltd (NS:TEML), which fell 5.73% or 50.05 points to trade at 822.70 at the close. Cipla Ltd. (NS:CIPL) declined 5.37% or 40.95 points to end at 722.25 and HCL Technologies Ltd (NS:HCLT) was down 5.01% or 42.85 points to 812.15.

The top performers on the BSE Sensex 30 were Bajaj Finance Ltd (BO:BJFN) which rose 8.84% to 4208.60, IndusInd Bank Ltd. (BO:INBK) which was up 7.71% to settle at 835.05 and Larsen & Toubro Ltd (BO:LART) which gained 6.99% to close at 1033.00.

The worst performers were Tech Mahindra Ltd (BO:TEML) which was down 5.73% to 822.20 in late trade, HCL Technologies Ltd (BO:HCLT) which lost 5.36% to settle at 809.80 and Infosys Ltd (BO:INFY) which was down 3.77% to 1093.40 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 876 to 727 and 91 ended unchanged; on the Bombay Stock Exchange, 1431 fell and 1181 advanced, while 174 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 7.28% to 21.5775.

Gold Futures for December delivery was up 0.87% or 16.10 to $1870.50 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in December rose 1.41% or 0.57 to hit $40.86 a barrel, while the January Brent oil contract rose 1.63% or 0.69 to trade at $43.09 a barrel.

USD/INR was up 0.26% to 74.222, while EUR/INR rose 0.10% to 87.5235.

The US Dollar Index Futures was up 0.19% at 92.892.