India stocks higher at close of trade; Nifty 50 up 0.93%

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At the close in NSE, the Nifty 50 added 0.93% to hit a new all time high, while the BSE Sensex 30 index climbed 0.73%.

The best performers of the session on the Nifty 50 were Hindalco Industries Ltd. (NS:HALC), which rose 7.77% or 14.95 points to trade at 207.30 at the close. Meanwhile, Tata Steel Ltd (NS:TISC) added 7.72% or 34.10 points to end at 476.00 and Dr. Reddy’s Laboratories Ltd (NS:REDY) was up 4.26% or 200.00 points to 4898.00 in late trade.

The worst performers of the session were IndusInd Bank Ltd. (NS:INBK), which fell 5.26% or 43.95 points to trade at 791.25 at the close. Reliance Industries Ltd (NS:RELI) declined 4.07% or 84.75 points to end at 1999.80 and Titan Company Ltd (NS:TITN) was down 2.00% or 26.15 points to 1279.25.

The top performers on the BSE Sensex 30 were Tata Steel Ltd (BO:TISC) which rose 7.39% to 474.50, AXIS Bank Ltd. (BO:AXBK) which was up 4.35% to settle at 608.90 and Bajaj Finserv Ltd (BO:BJFS) which gained 4.02% to close at 6955.50.

The worst performers were IndusInd Bank Ltd. (BO:INBK) which was down 5.62% to 788.15 in late trade, Reliance Industries Ltd (BO:RELI) which lost 4.20% to settle at 1996.90 and Titan Company Ltd (BO:TITN) which was down 2.03% to 1278.50 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 844 to 748 and 99 ended unchanged; on the Bombay Stock Exchange, 1384 rose and 1250 declined, while 194 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 2.11% to 22.0325.

Gold Futures for December delivery was down 0.06% or 1.10 to $1875.30 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in December rose 3.89% or 1.61 to hit $42.97 a barrel, while the January Brent oil contract rose 3.71% or 1.62 to trade at $45.23 a barrel.

USD/INR was up 0.11% to 74.359, while EUR/INR fell 0.14% to 87.6305.

The US Dollar Index Futures was up 0.16% at 92.888.

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