India stocks higher at close of trade; Nifty 50 up 0.83%

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At the close in NSE, the Nifty 50 added 0.83% to hit a new 3-months high, while the BSE Sensex 30 index added 0.95%.

The best performers of the session on the Nifty 50 were Zee Entertainment Enterprises Ltd. (NS:ZEE), which rose 4.76% or 9.15 points to trade at 201.20 at the close. Meanwhile, Kotak Mahindra Bank Ltd. (NS:KTKM) added 3.49% or 46.70 points to end at 1386.10 and IndusInd Bank Ltd. (NS:INBK) was up 3.33% or 17.10 points to 530.65 in late trade.

The worst performers of the session were Power Grid Corporation of India Ltd (NS:PGRD), which fell 2.01% or 3.80 points to trade at 185.30 at the close. Vedanta Ltd (NS:VDAN) declined 1.87% or 2.45 points to end at 128.25 and Mahindra & Mahindra Ltd. (NS:MAHM) was down 1.18% or 7.20 points to 602.60.

The top performers on the BSE Sensex 30 were IndusInd Bank Ltd. (BO:INBK) which rose 3.40% to 531.00, Kotak Mahindra Bank Ltd. (BO:KTKM) which was up 3.35% to settle at 1384.45 and Bajaj Finance Ltd (BO:BJFN) which gained 2.96% to close at 3490.55.

The worst performers were Power Grid Corporation of India Ltd (BO:PGRD) which was down 2.06% to 185.15 in late trade, Tech Mahindra Ltd (BO:TEML) which lost 1.19% to settle at 723.75 and Mahindra & Mahindra Ltd. (BO:MAHM) which was down 1.14% to 603.10 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 949 to 687 and 67 ended unchanged; on the Bombay Stock Exchange, 1548 rose and 1125 declined, while 155 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 3.55% to 19.2300 a new 3-months low.

Gold Futures for December delivery was up 0.56% or 10.95 to $1957.95 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in October rose 0.66% or 0.28 to hit $42.62 a barrel, while the November Brent oil contract rose 0.65% or 0.29 to trade at $45.22 a barrel.

USD/INR was down 1.04% to 74.141, while EUR/INR fell 0.72% to 87.7105.

The US Dollar Index Futures was down 0.28% at 92.975.