India stocks higher at close of trade; Nifty 50 up 0.95%

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At the close in NSE, the Nifty 50 added 0.95%, while the BSE Sensex 30 index gained 0.88%.

The best performers of the session on the Nifty 50 were JSW Steel Ltd (NS:JSTL), which rose 5.65% or 35.75 points to trade at 668.95 at the close. Meanwhile, Oil And Natural Gas Corporation Ltd (NS:ONGC) added 5.21% or 6.70 points to end at 135.20 and Bajaj Finance Ltd (NS:BJFN) was up 4.99% or 371.40 points to 7813.85 in late trade.

The worst performers of the session were Maruti Suzuki India Ltd. (NS:MRTI), which fell 2.49% or 173.40 points to trade at 6777.00 at the close. Bharat Petroleum Corp. Ltd. (NS:BPCL) declined 1.57% or 6.60 points to end at 413.80 and Hero MotoCorp Ltd (NS:HROM) was down 1.35% or 39.05 points to 2850.45.

The top performers on the BSE Sensex 30 were Bajaj Finance Ltd (BO:BJFN) which rose 4.94% to 7810.60, IndusInd Bank Ltd. (BO:INBK) which was up 4.29% to settle at 1137.25 and ITC Ltd (BO:ITC) which gained 3.36% to close at 241.45.

The worst performers were Maruti Suzuki India Ltd. (BO:MRTI) which was down 2.54% to 6777.85 in late trade, Bajaj Auto Ltd (BO:BAJA) which lost 1.20% to settle at 3728.35 and Nestle India Ltd (BO:NEST) which was down 0.83% to 20142.95 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 873 to 831 and 57 ended unchanged; on the Bombay Stock Exchange, 1549 fell and 1511 advanced, while 157 ended unchanged.

Shares in Oil And Natural Gas Corporation Ltd (NS:ONGC) rose to 52-week highs; up 5.21% or 6.70 to 135.20. Shares in Bajaj Finance Ltd (NS:BJFN) rose to all time highs; up 4.99% or 371.40 to 7813.85. Shares in Bajaj Finance Ltd (BO:BJFN) rose to all time highs; up 4.94% or 367.70 to 7810.60. Shares in IndusInd Bank Ltd. (BO:INBK) rose to 52-week highs; rising 4.29% or 46.75 to 1137.25. Shares in ITC Ltd (BO:ITC) rose to 52-week highs; rising 3.36% or 7.85 to 241.45.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 5.56% to 16.5200.

Gold Futures for December delivery was up 0.21% or 3.75 to $1767.55 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 1.15% or 0.81 to hit $70.95 a barrel, while the November Brent oil contract rose 1.00% or 0.74 to trade at $74.66 a barrel.

USD/INR was up 0.01% to 73.652, while EUR/INR rose 0.10% to 86.4390.

The US Dollar Index Futures was down 0.13% at 93.132.