India stocks higher at close of trade; Nifty 50 up 0.71%

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At the close in NSE, the Nifty 50 gained 0.71% to hit a new 3-months high, while the BSE Sensex 30 index gained 0.88%.

The best performers of the session on the Nifty 50 were AXIS Bank Ltd (NS:AXBK), which rose 2.69% or 19.85 points to trade at 758.85 at the close. Meanwhile, Bajaj Finance Ltd (NS:BJFN) added 2.37% or 169.55 points to end at 7,318.95 and Housing Development Finance Corporation Ltd (NS:HDFC) was up 2.36% or 56.55 points to 2,454.85 in late trade.

The worst performers of the session were Tata Consumer Products Ltd (NS:TACN), which fell 2.16% or 17.10 points to trade at 773.45 at the close. Apollo Hospitals Enterprises Ltd. (NS:APLH) declined 1.94% or 87.50 points to end at 4,429.65 and ITC Ltd (NS:ITC) was down 1.59% or 4.95 points to 306.25.

The top performers on the BSE Sensex 30 were AXIS Bank Ltd. (BO:AXBK) which rose 2.75% to 759.20, Bajaj Finance Ltd (BO:BJFN) which was up 2.36% to settle at 7,316.25 and Housing Development Finance Corporation Ltd (BO:HDFC) which gained 2.32% to close at 2,453.60.

The worst performers were ITC Ltd (BO:ITC) which was down 1.56% to 306.30 in late trade, NTPC Ltd (BO:NTPC) which lost 1.38% to settle at 153.55 and Hindustan Unilever Ltd. (BO:HLL) which was down 1.04% to 2,612.35 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 957 to 873 and 44 ended unchanged; on the Bombay Stock Exchange, 1741 rose and 1521 declined, while 137 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 6.29% to 18.35.

Gold Futures for December delivery was down 0.43% or 7.85 to $1,805.85 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September rose 0.83% or 0.76 to hit $92.69 a barrel, while the October Brent oil contract rose 0.79% or 0.77 to trade at $98.17 a barrel.

USD/INR was up 0.64% to 79.60, while EUR/INR rose 1.00% to 82.26.

The US Dollar Index Futures was down 0.19% at 104.88.