India stocks higher at close of trade; Nifty 50 up 0.75%

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At the close in NSE, the Nifty 50 added 0.75% to hit a new 6-months high, while the BSE Sensex 30 index climbed 0.76%.

The best performers of the session on the Nifty 50 were Bajaj Finserv Ltd (NS:BJFS), which rose 4.14% or 70.94 points to trade at 1,784.75 at the close. Meanwhile, Tata Consumer Products Ltd (NS:TACN) added 2.85% or 23.50 points to end at 849.00 and IndusInd Bank Ltd. (NS:INBK) was up 2.37% or 26.95 points to 1,163.80 in late trade.

The worst performers of the session were Shree Cements Ltd. (NS:SHCM), which fell 0.84% or 202.80 points to trade at 23,932.30 at the close. Cipla Ltd. (NS:CIPL) declined 0.55% or 5.85 points to end at 1,058.90 and Eicher Motors Ltd. (NS:EICH) was down 0.48% or 16.95 points to 3,522.00.

The top performers on the BSE Sensex 30 were Bajaj Finserv Ltd (BO:BJFS) which rose 4.00% to 1,784.45, IndusInd Bank Ltd. (BO:INBK) which was up 2.48% to settle at 1,164.20 and Bharti Airtel Ltd (BO:BRTI) which gained 2.04% to close at 784.60.

The worst performers were Tata Consultancy Services Ltd. (BO:TCS) which was down 0.37% to 3,229.40 in late trade, Asian Paints Ltd. (BO:ASPN) which lost 0.29% to settle at 3,422.40 and Tech Mahindra Ltd (BO:TEML) which was down 0.20% to 1,147.35 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 938 to 903 and 42 ended unchanged; on the Bombay Stock Exchange, 1763 rose and 1593 declined, while 97 ended unchanged.

Shares in Bharti Airtel Ltd (BO:BRTI) rose to all time highs; gaining 2.04% or 15.70 to 784.60.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 2.61% to 17.47.

Gold Futures for December delivery was down 0.15% or 2.55 to $1,738.05 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in October rose 1.20% or 1.05 to hit $88.83 a barrel, while the November Brent oil contract rose 1.10% or 1.03 to trade at $95.03 a barrel.

USD/INR was down 0.24% to 79.18, while EUR/INR rose 0.30% to 80.53.

The US Dollar Index Futures was down 0.48% at 107.58.