India stocks higher at close of trade; Nifty 50 up 1.58%

India stocks were higher after the close on Tuesday, as gains in the Real Estate, Consumer Durables and Auto sectors led shares higher.

At the close in NSE, the Nifty 50 gained 1.58% to hit a new 1-month high, while the BSE Sensex 30 index gained 1.62%.

The best performers of the session on the Nifty 50 were Tata Consumer Products Ltd (NSE:TACN), which rose 3.69% or 38.00 points to trade at 1,066.90 at the close. Meanwhile, HDFC Bank Ltd (NSE:HDBK) added 3.53% or 24.70 points to end at 724.70 and Nestle India Ltd (NSE:NEST) was up 3.44% or 41.10 points to 1,236.10 in late trade.

The worst performers of the session were Power Grid Corporation of India Ltd (NSE:PGRD), which fell 3.51% or 9.40 points to trade at 258.30 at the close. Infosys Ltd (NSE:INFY) declined 1.81% or 21.00 points to end at 1,140.00 and State Bank of India (NSE:SBI) was down 1.74% or 17.20 points to 969.80.

The top performers on the BSE Sensex 30 were Nestle India Ltd (BO:NEST) which rose 4.45% to 1,245.00, Hindustan Unilever Ltd. (BO:HLL) which was up 4.16% to settle at 1,975.00 and Bharti Airtel Ltd (BO:BRTI) which gained 4.00% to close at 2,065.90.

The worst performers were Power Grid Corporation of India Ltd (BO:PGRD) which was down 2.27% to 259.90 in late trade, State Bank of India (BO:SBI) which lost 1.77% to settle at 969.55 and Infosys Ltd (BO:INFY) which was down 1.46% to 1,146.00 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1693 to 1310 and 58 ended unchanged; on the Bombay Stock Exchange, 2304 rose and 1856 declined, while 166 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 1.52% to 15.74.

Gold Futures for December delivery was down 1.42% or 56.38 to $3,913.22 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in December rose 1.38% or 1.33 to hit $97.79 a barrel, while the January Brent oil contract rose 1.15% or 1.20 to trade at $105.97 a barrel.

USD/INR was down 0.16% to 94.75, while EUR/INR fell 0.19% to 105.99.

The US Dollar Index Futures was up 0.04% at 101.67.