India stocks higher at close of trade; Nifty 50 up 0.78%

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

At the close in NSE, the added 0.78% to hit a new all time high, while the index climbed 0.77%.

The best performers of the session on the were Tata Consultancy Services Ltd. (NS:), which rose 5.01% or 167.45 points to trade at 3,508.00 at the close. Meanwhile, Infosys Ltd (NS:) added 4.46% or 60.90 points to end at 1,426.00 and Tech Mahindra Ltd (NS:) was up 4.24% or 49.85 points to 1,225.10 in late trade.

The worst performers of the session were HDFC Life Insurance Company Ltd (NS:), which fell 1.56% or 10.60 points to trade at 670.00 at the close. Mahindra & Mahindra Ltd. (NS:) declined 1.40% or 21.90 points to end at 1,545.00 and Power Grid Corporation of India Ltd (NS:) was down 0.86% or 2.10 points to 241.00.

The top performers on the BSE Sensex 30 were Tata Consultancy Services Ltd. (BO:) which rose 5.13% to 3,512.00, Tech Mahindra Ltd (BO:) which was up 4.51% to settle at 1,227.95 and Infosys Ltd (BO:) which gained 4.40% to close at 1,425.35.

The worst performers were Mahindra & Mahindra Ltd. (BO:) which was down 1.28% to 1,546.50 in late trade, Power Grid Corporation of India Ltd (BO:) which lost 1.25% to settle at 240.10 and Dr. Reddy’s Laboratories Ltd (BO:) which was down 1.06% to 5,090.35 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1311 to 616 and 62 ended unchanged; on the Bombay Stock Exchange, 2104 rose and 1195 declined, while 141 ended unchanged.

Shares in Tech Mahindra Ltd (NS:) rose to 52-week highs; gaining 4.24% or 49.85 to 1,225.10. Shares in Tech Mahindra Ltd (BO:) rose to 52-week highs; up 4.51% or 52.95 to 1,227.95.

The , which measures the implied volatility of Nifty 50 options, was down 2.33% to 10.68.

Gold Futures for August delivery was down 0.20% or 4.00 to $1,959.80 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August fell 0.21% or 0.16 to hit $76.73 a barrel, while the September Brent oil contract fell 0.20% or 0.16 to trade at $81.20 a barrel.

USD/INR was up 0.18% to 82.16, while EUR/INR rose 0.07% to 92.18.

The US Dollar Index Futures was up 0.15% at 99.61.