India stocks higher at close of trade; Nifty 50 up 0.76%

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At the close in NSE, the Nifty 50 gained 0.76% to hit a new all time high, while the BSE Sensex 30 index gained 0.75%.

The best performers of the session on the Nifty 50 were Hindalco Industries Ltd. (NS:HALC), which rose 5.24% or 27.05 points to trade at 543.15 at the close. Meanwhile, Infosys Ltd (NS:INFY) added 4.45% or 76.40 points to end at 1792.15 and Tech Mahindra Ltd (NS:TEML) was up 3.41% or 48.85 points to 1479.65 in late trade.

The worst performers of the session were HCL Technologies Ltd (NS:HCLT), which fell 2.38% or 29.75 points to trade at 1221.40 at the close. Mahindra & Mahindra Ltd. (NS:MAHM) declined 2.20% or 20.45 points to end at 910.95 and Asian Paints Ltd. (NS:ASPN) was down 1.71% or 56.30 points to 3241.50.

The top performers on the BSE Sensex 30 were Infosys Ltd (BO:INFY) which rose 4.47% to 1792.15, Tech Mahindra Ltd (BO:TEML) which was up 3.36% to settle at 1478.30 and Tata Steel Ltd (BO:TISC) which gained 2.73% to close at 1411.10.

The worst performers were HCL Technologies Ltd (BO:HCLT) which was down 2.36% to 1221.35 in late trade, Mahindra & Mahindra Ltd. (BO:MAHM) which lost 2.24% to settle at 910.80 and Dr. Reddy’s Laboratories Ltd (BO:REDY) which was down 1.73% to 4873.85 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 887 to 852 and 43 ended unchanged; on the Bombay Stock Exchange, 1701 rose and 1562 declined, while 154 ended unchanged.

Shares in Hindalco Industries Ltd. (NS:HALC) rose to all time highs; up 5.24% or 27.05 to 543.15. Shares in Infosys Ltd (NS:INFY) rose to all time highs; gaining 4.45% or 76.40 to 1792.15. Shares in Infosys Ltd (BO:INFY) rose to all time highs; gaining 4.47% or 76.65 to 1792.15.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 8.99% to 17.1850.

Gold Futures for December delivery was down 0.33% or 5.80 to $1762.50 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in December rose 1.63% or 1.33 to hit $83.06 a barrel, while the December Brent oil contract rose 1.20% or 1.02 to trade at $85.88 a barrel.

USD/INR was up 0.44% to 75.345, while EUR/INR rose 0.30% to 87.2990.

The US Dollar Index Futures was up 0.17% at 94.097.