India stocks higher at close of trade; Nifty 50 up 0.50%

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At the close in NSE, the Nifty 50 added 0.50%, while the BSE Sensex 30 index climbed 0.44%.

The best performers of the session on the Nifty 50 were Mahindra & Mahindra Ltd. (NS:MAHM), which rose 4.10% or 50.30 points to trade at 1,277.00 at the close. Meanwhile, Eicher Motors Ltd. (NS:EICH) added 3.02% or 101.50 points to end at 3,464.75 and Bajaj Finserv Ltd (NS:BJFS) was up 2.72% or 432.20 points to 16,303.90 in late trade.

The worst performers of the session were Infosys Ltd (NS:INFY), which fell 2.11% or 33.25 points to trade at 1,542.40 at the close. Tata Consultancy Services Ltd. (NS:TCS) declined 2.09% or 69.95 points to end at 3,284.60 and Divi’s Laboratories Ltd. (NS:DIVI) was down 1.35% or 48.35 points to 3,532.30.

The top performers on the BSE Sensex 30 were Mahindra & Mahindra Ltd. (BO:MAHM) which rose 3.78% to 1,272.70, Bajaj Finserv Ltd (BO:BJFS) which was up 2.75% to settle at 16,309.25 and Titan Company Ltd (BO:TITN) which gained 2.60% to close at 2,480.30.

The worst performers were Tata Consultancy Services Ltd. (BO:TCS) which was down 2.10% to 3,283.75 in late trade, Infosys Ltd (BO:INFY) which lost 2.09% to settle at 1,542.55 and HCL Technologies Ltd (BO:HCLT) which was down 1.25% to 947.65 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1197 to 600 and 79 ended unchanged; on the Bombay Stock Exchange, 2015 rose and 1241 declined, while 149 ended unchanged.

Shares in Eicher Motors Ltd. (NS:EICH) rose to all time highs; rising 3.02% or 101.50 to 3,464.75.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 0.07% to 19.05.

Gold Futures for December delivery was up 0.07% or 1.25 to $1,749.65 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in October rose 1.98% or 1.79 to hit $92.15 a barrel, while the October Brent oil contract rose 1.60% or 1.54 to trade at $98.02 a barrel.

USD/INR was down 0.01% to 79.87, while EUR/INR fell 0.13% to 79.28.

The US Dollar Index Futures was down 0.01% at 108.97.