India stocks higher at close of trade; Nifty 50 up 0.28%

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At the close in NSE, the Nifty 50 gained 0.28%, while the BSE Sensex 30 index added 0.31%.

The best performers of the session on the Nifty 50 were IndusInd Bank Ltd. (NS:INBK), which rose 2.57% or 29.25 points to trade at 1,168.25 at the close. Meanwhile, UltraTech Cement Ltd (NS:ULTC) added 1.35% or 91.15 points to end at 6,846.00 and Divi’s Laboratories Ltd. (NS:DIVI) was up 1.13% or 37.05 points to 3,303.00 in late trade.

The worst performers of the session were Bharat Petroleum Corp. Ltd. (NS:BPCL), which fell 1.26% or 3.90 points to trade at 306.40 at the close. Nestle India Ltd (NS:NEST) declined 0.76% or 150.85 points to end at 19,610.85 and Power Grid Corporation of India Ltd (NS:PGRD) was down 0.73% or 1.60 points to 217.45.

The top performers on the BSE Sensex 30 were IndusInd Bank Ltd. (BO:INBK) which rose 2.19% to 1,164.45, UltraTech Cement Ltd (BO:ULTC) which was up 1.47% to settle at 6,850.20 and Titan Company Ltd (BO:TITN) which gained 0.83% to close at 2,595.00.

The worst performers were Nestle India Ltd (BO:NEST) which was down 0.79% to 19,600.80 in late trade, Power Grid Corporation of India Ltd (BO:PGRD) which lost 0.71% to settle at 217.40 and Bharti Airtel Ltd (BO:BRTI) which was down 0.21% to 849.40 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 961 to 888 and 77 ended unchanged; on the Bombay Stock Exchange, 1695 fell and 1527 advanced, while 170 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 4.61% to 14.11 a new 52-week low.

Gold Futures for December delivery was up 0.33% or 5.75 to $1,745.35 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January rose 0.57% or 0.46 to hit $80.50 a barrel, while the January Brent oil contract rose 0.74% or 0.65 to trade at $88.10 a barrel.

USD/INR was up 0.03% to 81.72, while EUR/INR rose 0.30% to 83.92.

The US Dollar Index Futures was down 0.25% at 107.46.