India stocks higher at close of trade; Nifty 50 up 0.89%

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At the close in NSE, the Nifty 50 added 0.89% to hit a new all time high, while the BSE Sensex 30 index climbed 0.79%.

The best performers of the session on the Nifty 50 were Adani Ports and Special Economic Zone Ltd (NS:APSE), which rose 6.96% or 57.45 points to trade at 882.45 at the close. Meanwhile, Adani Enterprises Ltd (NS:ADEL) added 3.80% or 95.65 points to end at 2,614.95 and Power Grid Corporation of India Ltd (NS:PGRD) was up 2.26% or 5.85 points to 264.50 in late trade.

The worst performers of the session were Coal India Ltd (NS:COAL), which fell 1.12% or 3.15 points to trade at 278.95 at the close. Oil And Natural Gas Corporation Ltd (NS:ONGC) declined 0.57% or 1.05 points to end at 183.40 and Bajaj Finance Ltd (NS:BJFN) was down 0.28% or 20.65 points to 7,390.00.

The top performers on the BSE Sensex 30 were Power Grid Corporation of India Ltd (BO:PGRD) which rose 2.18% to 264.40, Axis Bank Ltd. (BO:AXBK) which was up 1.99% to settle at 1,000.20 and Maruti Suzuki India Ltd. (BO:MRTI) which gained 1.96% to close at 10,534.90.

The worst performers were Larsen & Toubro Ltd (BO:LART) which was down 0.27% to 2,894.05 in late trade, Bajaj Finance Ltd (BO:BJFN) which lost 0.22% to settle at 7,393.00 and IndusInd Bank Ltd. (BO:INBK) which was up 0.16% to 1,450.00 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1080 to 959 and 66 ended unchanged; on the Bombay Stock Exchange, 1996 rose and 1643 declined, while 164 ended unchanged.

Shares in Axis Bank Ltd. (BO:AXBK) rose to all time highs; up 1.99% or 19.55 to 1,000.20. Shares in Maruti Suzuki India Ltd. (BO:MRTI) rose to all time highs; up 1.96% or 202.35 to 10,534.90. Shares in IndusInd Bank Ltd. (BO:INBK) rose to 3-years highs; rising 0.16% or 2.35 to 1,450.00.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 5.26% to 11.35.

Gold Futures for December delivery was up 0.34% or 6.65 to $1,949.35 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in October fell 0.53% or 0.46 to hit $87.05 a barrel, while the November Brent oil contract fell 0.29% or 0.26 to trade at $90.39 a barrel.

USD/INR was down 0.13% to 83.02, while EUR/INR rose 0.31% to 89.09.

The US Dollar Index Futures was down 0.39% at 104.30.