India stocks higher at close of trade; Nifty 50 up 0.41%

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At the close in NSE, the Nifty 50 rose 0.41% to hit a new all time high, while the BSE Sensex 30 index climbed 0.31%.

The best performers of the session on the Nifty 50 were UltraTech Cement Ltd (NS:ULTC), which rose 3.54% or 258.50 points to trade at 7565.60 at the close. Meanwhile, Hindalco Industries Ltd. (NS:HALC) added 3.25% or 13.80 points to end at 437.90 and SBI Life Insurance Company Ltd (NS:SBIL) was up 2.80% or 32.25 points to 1184.05 in late trade.

The worst performers of the session were IndusInd Bank Ltd. (NS:INBK), which fell 1.13% or 11.30 points to trade at 990.20 at the close. Infosys Ltd (NS:INFY) declined 1.09% or 18.90 points to end at 1708.80 and Mahindra & Mahindra Ltd. (NS:MAHM) was down 0.77% or 6.00 points to 775.40.

The top performers on the BSE Sensex 30 were UltraTech Cement Ltd (BO:ULTC) which rose 3.64% to 7572.70, Larsen & Toubro Ltd (BO:LART) which was up 2.66% to settle at 1637.65 and Dr. Reddy’s Laboratories Ltd (BO:REDY) which gained 2.17% to close at 4601.25.

The worst performers were Infosys Ltd (BO:INFY) which was down 1.07% to 1708.45 in late trade, IndusInd Bank Ltd. (BO:INBK) which lost 1.04% to settle at 990.85 and Mahindra & Mahindra Ltd. (BO:MAHM) which was down 0.80% to 775.10 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1030 to 656 and 53 ended unchanged; on the Bombay Stock Exchange, 1811 rose and 1232 declined, while 124 ended unchanged.

Shares in SBI Life Insurance Company Ltd (NS:SBIL) rose to all time highs; gaining 2.80% or 32.25 to 1184.05.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 0.98% to 13.4050.

Gold Futures for December delivery was up 0.09% or 1.55 to $1796.75 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in October rose 1.65% or 1.11 to hit $68.53 a barrel, while the November Brent oil contract rose 1.42% or 1.00 to trade at $71.18 a barrel.

USD/INR was down 0.65% to 73.668, while EUR/INR fell 0.59% to 86.6155.

The US Dollar Index Futures was down 0.03% at 93.047.