India stocks higher at close of trade; Nifty 50 up 0.91%

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At the close in NSE, the Nifty 50 rose 0.91%, while the BSE Sensex 30 index climbed 0.91%.

The best performers of the session on the Nifty 50 were Divi’s Laboratories Ltd. (NS:DIVI), which rose 8.04% or 388.40 points to trade at 5220.70 at the close. Meanwhile, Hindalco Industries Ltd. (NS:HALC) added 4.41% or 21.35 points to end at 505.70 and NTPC Ltd (NS:NTPC) was up 4.04% or 5.65 points to 145.55 in late trade.

The worst performers of the session were Cipla Ltd. (NS:CIPL), which fell 2.91% or 28.70 points to trade at 957.50 at the close. Grasim Industries Ltd (NS:GRAS) declined 2.15% or 36.00 points to end at 1641.15 and UPL Ltd (NS:UPLL) was down 1.36% or 9.70 points to 702.95.

The top performers on the BSE Sensex 30 were NTPC Ltd (BO:NTPC) which rose 4.08% to 145.55, Bajaj Finserv Ltd (BO:BJFS) which was up 3.58% to settle at 17789.45 and State Bank Of India (BO:SBI) which gained 2.50% to close at 463.05.

The worst performers were Bajaj Auto Ltd (BO:BAJA) which was down 0.75% to 3826.15 in late trade, Hindustan Unilever Ltd. (BO:HLL) which lost 0.59% to settle at 2686.55 and Titan Company Ltd (BO:TITN) which was down 0.42% to 2154.50 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1294 to 416 and 70 ended unchanged; on the Bombay Stock Exchange, 2207 rose and 964 declined, while 175 ended unchanged.

Shares in Divi’s Laboratories Ltd. (NS:DIVI) rose to all time highs; rising 8.04% or 388.40 to 5220.70. Shares in Hindalco Industries Ltd. (NS:HALC) rose to all time highs; up 4.41% or 21.35 to 505.70. Shares in NTPC Ltd (NS:NTPC) rose to 3-years highs; gaining 4.04% or 5.65 to 145.55. Shares in NTPC Ltd (BO:NTPC) rose to 3-years highs; rising 4.08% or 5.70 to 145.55.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 2.76% to 16.7350.

Gold Futures for December delivery was down 0.53% or 9.35 to $1749.05 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 0.08% or 0.06 to hit $75.94 a barrel, while the December Brent oil contract rose 0.18% or 0.14 to trade at $79.42 a barrel.

USD/INR was up 0.27% to 74.328, while EUR/INR rose 0.44% to 86.3400.

The US Dollar Index Futures was down 0.12% at 93.933.