India stocks higher at close of trade; Nifty 50 up 0.76%

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At the close in NSE, the Nifty 50 added 0.76% to hit a new 6-months high, while the BSE Sensex 30 index added 0.90%.

The best performers of the session on the Nifty 50 were IndusInd Bank Ltd. (NS:INBK), which rose 11.74% or 71.15 points to trade at 677.00 at the close. Meanwhile, AXIS Bank Ltd (NS:AXBK) added 7.74% or 36.60 points to end at 509.65 and UPL Ltd (NS:UPLL) was up 4.88% or 24.25 points to 521.00 in late trade.

The worst performers of the session were JSW Steel Ltd (NS:JSTL), which fell 2.87% or 8.30 points to trade at 281.00 at the close. Hero MotoCorp Ltd (NS:HROM) declined 2.34% or 73.60 points to end at 3068.15 and Power Grid Corporation of India Ltd (NS:PGRD) was down 1.46% or 2.70 points to 182.50.

The top performers on the BSE Sensex 30 were IndusInd Bank Ltd. (BO:INBK) which rose 8.43% to 656.60, AXIS Bank Ltd. (BO:AXBK) which was up 7.73% to settle at 509.60 and Sun Pharmaceutical Industries Ltd. (BO:SUN) which gained 4.30% to close at 555.80.

The worst performers were Power Grid Corporation of India Ltd (BO:PGRD) which was down 1.24% to 182.90 in late trade, Infosys Ltd (BO:INFY) which lost 1.22% to settle at 934.85 and Maruti Suzuki India Ltd. (BO:MRTI) which was down 1.05% to 7030.00 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 980 to 632 and 80 ended unchanged; on the Bombay Stock Exchange, 1539 fell and 1158 advanced, while 150 ended unchanged.

Shares in Sun Pharmaceutical Industries Ltd. (BO:SUN) rose to 52-week highs; rising 4.30% or 22.90 to 555.80.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 2.90% to 18.3475 a new 6-months low.

Gold Futures for December delivery was up 1.67% or 32.30 to $1964.90 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in October unchanged 0.00% or 0.00 to hit $43.04 a barrel, while the November Brent oil contract fell 0.04% or 0.02 to trade at $45.58 a barrel.

USD/INR was down 0.80% to 73.299, while EUR/INR fell 0.16% to 87.2115.

The US Dollar Index Futures was down 0.67% at 92.365.