"The faith of the pilgrims is incredibly strong, that is why they are still coming. It gives them the strength to face any tragedy," said Nasik mayor Dashrath Patil.
Wailing relatives sat beside bodies covered with saffron sheets before they were cremated. Many other bodies were being taken back to their home villages across the country.
Patil said almost 70 of the 150 injured remained in hospital.
The Kumbh Mela is one of Hinduism's holiest festivals, drawing millions of worshippers, and Wednesday was one of the most auspicious days of the celebrations.
Hindus believe a dip in the Godavari, which flows through Nashik and the neighbouring temple town of Trimbakeshwar, cleanses the sins of this and past lives.
The cause of the stampede, the worst since 50 people died in 1986 when the festival was held in Haridwar, remains unclear.