India stocks higher at close of trade; Nifty 50 up 0.94%

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At the close in NSE, the Nifty 50 added 0.94% to hit a new all time high, while the BSE Sensex 30 index climbed 0.75%.

The best performers of the session on the Nifty 50 were Tata Motors Ltd (NS:TAMO), which rose 20.45% or 86.05 points to trade at 506.90 at the close. Meanwhile, Mahindra & Mahindra Ltd. (NS:MAHM) added 5.08% or 45.25 points to end at 935.35 and Tata Consumer Products Ltd (NS:TACN) was up 3.92% or 32.00 points to 848.15 in late trade.

The worst performers of the session were Maruti Suzuki India Ltd. (NS:MRTI), which fell 2.75% or 211.65 points to trade at 7482.15 at the close. Oil And Natural Gas Corporation Ltd (NS:ONGC) declined 2.17% or 3.55 points to end at 160.00 and SBI Life Insurance Company Ltd (NS:SBIL) was down 1.56% or 18.85 points to 1191.75.

The top performers on the BSE Sensex 30 were Mahindra & Mahindra Ltd. (BO:MAHM) which rose 5.17% to 935.55, Power Grid Corporation of India Ltd (BO:PGRD) which was up 3.41% to settle at 199.90 and ITC Ltd (BO:ITC) which gained 3.34% to close at 249.35.

The worst performers were Maruti Suzuki India Ltd. (BO:MRTI) which was down 2.71% to 7484.35 in late trade, Hindustan Unilever Ltd. (BO:HLL) which lost 1.05% to settle at 2646.85 and Nestle India Ltd (BO:NEST) which was down 0.64% to 19290.55 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 872 to 856 and 49 ended unchanged; on the Bombay Stock Exchange, 1633 rose and 1522 declined, while 128 ended unchanged.

Shares in Tata Motors Ltd (NS:TAMO) rose to 3-years highs; rising 20.45% or 86.05 to 506.90. Shares in Mahindra & Mahindra Ltd. (NS:MAHM) rose to 3-years highs; rising 5.08% or 45.25 to 935.35. Shares in Mahindra & Mahindra Ltd. (BO:MAHM) rose to 3-years highs; rising 5.17% or 45.95 to 935.55. Shares in Power Grid Corporation of India Ltd (BO:PGRD) rose to 52-week highs; up 3.41% or 6.60 to 199.90. Shares in ITC Ltd (BO:ITC) rose to 52-week highs; up 3.34% or 8.05 to 249.35.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 1.59% to 16.1000.

Gold Futures for December delivery was up 0.67% or 11.75 to $1771.05 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November fell 0.58% or 0.47 to hit $80.17 a barrel, while the December Brent oil contract fell 0.61% or 0.51 to trade at $82.91 a barrel.

USD/INR was down 0.11% to 75.382, while EUR/INR rose 0.22% to 87.1840.

The US Dollar Index Futures was down 0.27% at 94.267.