India stocks higher at close of trade; Nifty 50 up 1.18%

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At the close in NSE, the Nifty 50 added 1.18% to hit a new 6-months high, while the BSE Sensex 30 index added 1.34%.

The best performers of the session on the Nifty 50 were Reliance Industries Ltd (NS:RELI), which rose 3.58% or 70.00 points to trade at 2025.00 at the close. Meanwhile, Bajaj Finserv Ltd (NS:BJFS) added 3.48% or 210.85 points to end at 6266.00 and IndusInd Bank Ltd. (NS:INBK) was up 3.09% or 22.10 points to 736.50 in late trade.

The worst performers of the session were Maruti Suzuki India Ltd. (NS:MRTI), which fell 2.72% or 192.80 points to trade at 6900.00 at the close. GAIL Ltd (NS:GAIL) declined 1.89% or 1.65 points to end at 85.80 and Bharti Airtel Ltd. (NS:BRTI) was down 1.54% or 7.05 points to 450.25.

The top performers on the BSE Sensex 30 were Reliance Industries Ltd (BO:RELI) which rose 3.78% to 2029.00, Bajaj Finserv Ltd (BO:BJFS) which was up 3.54% to settle at 6270.00 and IndusInd Bank Ltd. (BO:INBK) which gained 3.43% to close at 738.70.

The worst performers were Maruti Suzuki India Ltd. (BO:MRTI) which was down 2.73% to 6900.00 in late trade, Bharti Airtel Ltd (BO:BRTI) which lost 1.67% to settle at 449.75 and Asian Paints Ltd. (BO:ASPN) which was down 1.49% to 2205.00 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 938 to 639 and 121 ended unchanged; on the Bombay Stock Exchange, 1446 rose and 1095 declined, while 184 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 2.23% to 20.4975.

Gold Futures for December delivery was up 0.25% or 4.80 to $1951.60 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in December fell 3.02% or 1.17 to hit $37.62 a barrel, while the January Brent oil contract fell 2.57% or 1.05 to trade at $39.88 a barrel.

USD/INR was up 0.33% to 74.153, while EUR/INR rose 0.65% to 87.9795.

The US Dollar Index Futures was down 0.17% at 92.358.

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