India stocks higher at close of trade; Nifty 50 up 1.27% By Investing.com

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

At the close in NSE, the rose 1.27% to hit a new 1-month high, while the index climbed 1.31%.

The best performers of the session on the were UltraTech Cement Ltd (NS:), which rose 4.17% or 269.10 points to trade at 6,714.95 at the close. Meanwhile, Housing Development Finance Corporation Ltd (NS:) added 2.89% or 69.35 points to end at 2,469.80 and Mahindra & Mahindra Ltd. (NS:) was up 2.82% or 36.95 points to 1,348.60 in late trade.

The worst performers of the session were Apollo Hospitals Enterprises Ltd. (NS:), which fell 1.08% or 49.50 points to trade at 4,517.50 at the close. Dr. Reddy’s Laboratories Ltd (NS:) declined 0.59% or 26.25 points to end at 4,433.70 and NTPC Ltd (NS:) was down 0.55% or 0.95 points to 173.10.

The top performers on the BSE Sensex 30 were UltraTech Cement Ltd (BO:) which rose 4.18% to 6,713.35, Housing Development Finance Corporation Ltd (BO:) which was up 2.89% to settle at 2,469.75 and Sun Pharmaceutical Industries Ltd. (BO:) which gained 2.75% to close at 1,017.00.

The worst performers were Dr. Reddy’s Laboratories Ltd (BO:) which was down 0.66% to 4,431.40 in late trade, NTPC Ltd (BO:) which lost 0.60% to settle at 173.10 and IndusInd Bank Ltd. (BO:) which was down 0.43% to 1,142.70 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1006 to 885 and 61 ended unchanged; on the Bombay Stock Exchange, 1743 rose and 1648 declined, while 168 ended unchanged.

Shares in Mahindra & Mahindra Ltd. (NS:) rose to all time highs; up 2.82% or 36.95 to 1,348.60. Shares in Sun Pharmaceutical Industries Ltd. (BO:) rose to 5-year highs; up 2.75% or 27.25 to 1,017.00.

The , which measures the implied volatility of Nifty 50 options, was down 0.75% to 15.80 a new 6-months low.

Gold Futures for December delivery was down 0.27% or 4.40 to $1,640.40 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in December fell 1.68% or 1.48 to hit $86.42 a barrel, while the January Brent oil contract fell 1.50% or 1.41 to trade at $92.36 a barrel.

USD/INR was up 0.71% to 82.85, while EUR/INR rose 0.39% to 82.28.

The US Dollar Index Futures was up 0.43% at 111.08.