India stocks higher at close of trade; Nifty 50 up 1.57%

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At the close in NSE, the Nifty 50 added 1.57% to hit a new all time high, while the BSE Sensex 30 index gained 1.63%.

The best performers of the session on the Nifty 50 were Bajaj Finserv Ltd (NS:BJFS), which rose 4.63% or 815.25 points to trade at 18430.00 at the close. Meanwhile, Hindalco Industries Ltd. (NS:HALC) added 4.37% or 20.25 points to end at 483.25 and Tata Motors Ltd (NS:TAMO) was up 3.68% or 11.40 points to 321.50 in late trade.

The worst performers of the session were HDFC Life Insurance Company Ltd (NS:HDFL), which fell 1.15% or 8.40 points to trade at 724.65 at the close. Dr. Reddy’s Laboratories Ltd (NS:REDY) declined 1.01% or 49.05 points to end at 4797.30 and Tata Consumer Products Ltd (NS:TACN) was down 0.49% or 4.15 points to 850.00.

The top performers on the BSE Sensex 30 were Bajaj Finserv Ltd (BO:BJFS) which rose 5.15% to 18519.35, Larsen & Toubro Ltd (BO:LART) which was up 3.46% to settle at 1770.00 and Housing Development Finance Corporation Ltd (BO:HDFC) which gained 3.11% to close at 2817.95.

The worst performers were Dr. Reddy’s Laboratories Ltd (BO:REDY) which was down 1.07% to 4796.00 in late trade, ITC Ltd (BO:ITC) which lost 0.41% to settle at 242.40 and Nestle India Ltd (BO:NEST) which was down 0.38% to 19855.00 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1068 to 620 and 69 ended unchanged; on the Bombay Stock Exchange, 1860 rose and 1216 declined, while 150 ended unchanged.

Shares in Bajaj Finserv Ltd (NS:BJFS) rose to all time highs; up 4.63% or 815.25 to 18430.00. Shares in Bajaj Finserv Ltd (BO:BJFS) rose to all time highs; gaining 5.15% or 906.50 to 18519.35. Shares in Larsen & Toubro Ltd (BO:LART) rose to all time highs; gaining 3.46% or 59.15 to 1770.00.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 0.67% to 16.6025.

Gold Futures for December delivery was down 0.35% or 6.25 to $1772.55 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November fell 0.44% or 0.32 to hit $71.91 a barrel, while the November Brent oil contract fell 0.38% or 0.29 to trade at $75.90 a barrel.

USD/INR was down 0.18% to 73.668, while EUR/INR rose 0.11% to 86.3350.

The US Dollar Index Futures was down 0.30% at 93.180.