India stocks higher at close of trade; Nifty 50 up 0.89%

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At the close in NSE, the Nifty 50 added 0.89%, while the BSE Sensex 30 index added 0.96%.

The best performers of the session on the Nifty 50 were Infosys Ltd (NS:INFY), which rose 2.89% or 27.30 points to trade at 972.00 at the close. Meanwhile, GAIL Ltd (NS:GAIL) added 2.63% or 2.45 points to end at 95.75 and Bajaj Finance Ltd (NS:BJFN) was up 2.54% or 82.85 points to 3345.00 in late trade.

The worst performers of the session were Eicher Motors Ltd. (NS:EICH), which fell 1.29% or 283.10 points to trade at 21675.65 at the close. Shree Cements Ltd. (NS:SHCM) declined 1.15% or 254.05 points to end at 21849.85 and Adani Port and Special Economic Zone Ltd (NS:APSE) was down 0.93% or 3.05 points to 324.05.

The top performers on the BSE Sensex 30 were Infosys Ltd (BO:INFY) which rose 2.86% to 971.65, Bajaj Finance Ltd (BO:BJFN) which was up 2.54% to settle at 3345.30 and Tata Consultancy Services Ltd. (BO:TCS) which gained 2.22% to close at 2309.00.

The worst performers were Bharti Airtel Ltd (BO:BRTI) which was down 0.69% to 555.00 in late trade, Mahindra & Mahindra Ltd. (BO:MAHM) which lost 0.48% to settle at 611.20 and AXIS Bank Ltd. (BO:AXBK) which was down 0.38% to 433.20 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 968 to 622 and 76 ended unchanged; on the Bombay Stock Exchange, 1486 rose and 1018 declined, while 148 ended unchanged.

Shares in Infosys Ltd (NS:INFY) rose to all time highs; gaining 2.89% or 27.30 to 972.00. Shares in Infosys Ltd (BO:INFY) rose to 3-years highs; rising 2.86% or 27.05 to 971.65.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 1.77% to 23.1500 a new 3-months low.

Gold Futures for October delivery was up 0.56% or 11.50 to $2048.60 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September fell 0.92% or 0.39 to hit $41.80 a barrel, while the October Brent oil contract fell 0.33% or 0.15 to trade at $45.02 a barrel.

USD/INR was up 0.19% to 74.936, while EUR/INR rose 0.06% to 88.7700.

The US Dollar Index Futures was up 0.03% at 92.877.