India stocks higher at close of trade; Nifty 50 up 1.05%

India stocks were higher after the close on Thursday, as gains in the Real Estate, Power and Public Sector Undertakings sectors led shares higher.

At the close in NSE, the Nifty 50 added 1.05%, while the BSE Sensex 30 index gained 1.24%.

The best performers of the session on the Nifty 50 were Adani Ports and Special Economic Zone Ltd (NSE:APSE), which rose 6.17% or 108.60 points to trade at 1,869.90 at the close. Meanwhile, Adani Enterprises Ltd (NSE:ADEL) added 5.69% or 141.20 points to end at 2,621.00 and Power Grid Corporation of India Ltd (NSE:PGRD) was up 4.22% or 10.60 points to 262.00 in late trade.

The worst performers of the session were Trent Ltd (NSE:TREN), which fell 1.68% or 48.90 points to trade at 2,865.00 at the close. Maruti Suzuki India Ltd. (NSE:MRTI) declined 1.11% or 129.00 points to end at 11,450.00 and SBI Life Insurance Company Ltd (NSE:SBIL) was down 1.06% or 17.70 points to 1,649.00.

The top performers on the BSE Sensex 30 were Adani Ports and Special Economic Zone Ltd (BO:APSE) which rose 5.17% to 1,850.00, Kotak Mahindra Bank Ltd. (BO:KTKM) which was up 3.86% to settle at 457.00 and Power Grid Corporation of India Ltd (BO:PGRD) which gained 3.70% to close at 260.40.

The worst performers were Maruti Suzuki India Ltd. (BO:MRTI) which was down 1.00% to 11,435.00 in late trade, Tech Mahindra Ltd (BO:TEML) which lost 0.20% to settle at 1,770.50 and HDFC Bank Ltd (BO:HDBK) which was down 0.13% to 685.00 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1583 to 1068 and 62 ended unchanged; on the Bombay Stock Exchange, 2446 rose and 1632 declined, while 178 ended unchanged.

Shares in Kotak Mahindra Bank Ltd. (BO:KTKM) rose to all time highs; up 3.86% or 17.00 to 457.00.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 6.85% to 15.13.

Gold Futures for December delivery was down 0.31% or 12.63 to $4,038.97 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in December fell 1.20% or 1.23 to hit $101.55 a barrel, while the January Brent oil contract fell 1.17% or 1.31 to trade at $110.33 a barrel.

USD/INR was up 0.09% to 95.30, while EUR/INR fell 0.06% to 106.15.

The US Dollar Index Futures was up 0.02% at 102.05.