India stocks higher at close of trade; Nifty 50 up 0.73%

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At the close in NSE, the Nifty 50 rose 0.73% to hit a new 3-months high, while the BSE Sensex 30 index gained 0.80%.

The best performers of the session on the Nifty 50 were Coal India Ltd (NS:COAL), which rose 3.33% or 6.95 points to trade at 215.40 at the close. Meanwhile, Mahindra & Mahindra Ltd. (NS:MAHM) added 3.30% or 40.80 points to end at 1,276.70 and Bajaj Finserv Ltd (NS:BJFS) was up 2.95% or 444.80 points to 15,530.65 in late trade.

The worst performers of the session were Bharat Petroleum Corp. Ltd. (NS:BPCL), which fell 3.20% or 10.75 points to trade at 325.65 at the close. State Bank Of India (NS:SBI) declined 2.01% or 10.65 points to end at 520.40 and Britannia Industries Ltd (NS:BRIT) was down 1.54% or 56.70 points to 3,631.40.

The top performers on the BSE Sensex 30 were Mahindra & Mahindra Ltd. (BO:MAHM) which rose 3.13% to 1,274.85, Bajaj Finserv Ltd (BO:BJFS) which was up 2.95% to settle at 15,534.20 and HDFC Bank Ltd (BO:HDBK) which gained 2.41% to close at 1,460.95.

The worst performers were State Bank Of India (BO:SBI) which was down 1.95% to 520.30 in late trade, UltraTech Cement Ltd (BO:ULTC) which lost 1.63% to settle at 6,669.85 and Nestle India Ltd (BO:NEST) which was down 1.18% to 19,691.85 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1013 to 839 and 46 ended unchanged; on the Bombay Stock Exchange, 1838 rose and 1529 declined, while 171 ended unchanged.

Shares in Coal India Ltd (NS:COAL) rose to 3-years highs; up 3.33% or 6.95 to 215.40. Shares in Mahindra & Mahindra Ltd. (NS:MAHM) rose to all time highs; rising 3.30% or 40.80 to 1,276.70. Shares in Mahindra & Mahindra Ltd. (BO:MAHM) rose to all time highs; up 3.13% or 38.65 to 1,274.85.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 2.05% to 19.30 a new 1-month high.

Gold Futures for December delivery was up 0.22% or 3.95 to $1,795.15 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September fell 0.97% or 0.86 to hit $88.15 a barrel, while the October Brent oil contract fell 0.95% or 0.90 to trade at $94.02 a barrel.

USD/INR was up 0.35% to 79.64, while EUR/INR rose 0.45% to 81.16.

The US Dollar Index Futures was down 0.19% at 106.29.