India stocks higher at close of trade; Nifty 50 up 0.12%

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At the close in NSE, the Nifty 50 gained 0.12%, while the BSE Sensex 30 index added 0.23%.

The best performers of the session on the Nifty 50 were Mahindra & Mahindra Ltd. (NS:MAHM), which rose 2.20% or 16.70 points to trade at 774.95 at the close. Meanwhile, AXIS Bank Ltd (NS:AXBK) added 1.98% or 14.65 points to end at 755.50 and Tech Mahindra Ltd (NS:TEML) was up 1.81% or 22.85 points to 1287.45 in late trade.

The worst performers of the session were Tata Consumer Products Ltd (NS:TACN), which fell 2.11% or 16.50 points to trade at 764.85 at the close. Coal India Ltd (NS:COAL) declined 1.95% or 2.85 points to end at 143.25 and Hindalco Industries Ltd. (NS:HALC) was down 1.68% or 7.45 points to 434.70.

The top performers on the BSE Sensex 30 were Mahindra & Mahindra Ltd. (BO:MAHM) which rose 2.18% to 774.90, AXIS Bank Ltd. (BO:AXBK) which was up 1.87% to settle at 755.35 and Tech Mahindra Ltd (BO:TEML) which gained 1.74% to close at 1286.90.

The worst performers were Bharti Airtel Ltd (BO:BRTI) which was down 1.61% to 598.00 in late trade, Tata Steel Ltd (BO:TISC) which lost 1.17% to settle at 1412.05 and NTPC Ltd (BO:NTPC) which was down 0.76% to 116.75 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1171 to 564 and 38 ended unchanged; on the Bombay Stock Exchange, 1969 fell and 1205 advanced, while 133 ended unchanged.

Shares in Tech Mahindra Ltd (NS:TEML) rose to 5-year highs; up 1.81% or 22.85 to 1287.45. Shares in Tech Mahindra Ltd (BO:TEML) rose to 5-year highs; up 1.74% or 22.00 to 1286.90.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 0.02% to 12.6050.

Gold Futures for December delivery was down 1.20% or 21.10 to $1742.00 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September fell 3.82% or 2.61 to hit $65.67 a barrel, while the October Brent oil contract fell 3.66% or 2.59 to trade at $68.11 a barrel.

USD/INR was up 0.07% to 74.292, while EUR/INR rose 0.02% to 87.3265.

The US Dollar Index Futures was up 0.01% at 92.812.