India stocks higher at close of trade; Nifty 50 up 0.08%

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At the close in NSE, the Nifty 50 rose 0.08% to hit a new 6-months high, while the BSE Sensex 30 index added 0.10%.

The best performers of the session on the Nifty 50 were IndusInd Bank Ltd. (NS:INBK), which rose 6.53% or 37.05 points to trade at 604.70 at the close. Meanwhile, Mahindra & Mahindra Ltd. (NS:MAHM) added 4.18% or 25.65 points to end at 639.00 and Tata Motors Ltd (NS:TAMO) was up 4.13% or 5.70 points to 143.60 in late trade.

The worst performers of the session were Reliance Industries Ltd (NS:RELI), which fell 1.37% or 29.20 points to trade at 2108.10 at the close. Oil And Natural Gas Corporation Ltd (NS:ONGC) declined 1.29% or 1.05 points to end at 80.35 and Bajaj Auto Ltd (NS:BAJA) was down 1.27% or 39.10 points to 3043.10.

The top performers on the BSE Sensex 30 were IndusInd Bank Ltd. (BO:INBK) which rose 6.59% to 605.55, Mahindra & Mahindra Ltd. (BO:MAHM) which was up 4.01% to settle at 637.80 and State Bank Of India (BO:SBI) which gained 2.98% to close at 216.10.

The worst performers were Oil And Natural Gas Corporation Ltd (BO:ONGC) which was down 1.29% to 80.35 in late trade, Bajaj Auto Ltd (BO:BAJA) which lost 1.23% to settle at 3045.00 and Reliance Industries Ltd (BO:RELI) which was down 1.18% to 2111.70 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 804 to 789 and 91 ended unchanged; on the Bombay Stock Exchange, 1345 fell and 1337 advanced, while 159 ended unchanged.

Shares in Mahindra & Mahindra Ltd. (NS:MAHM) rose to 52-week highs; up 4.18% or 25.65 to 639.00. Shares in Mahindra & Mahindra Ltd. (BO:MAHM) rose to 52-week highs; gaining 4.01% or 24.60 to 637.80.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 2.11% to 18.8950 a new 6-months low.

Gold Futures for December delivery was down 0.27% or 5.30 to $1947.20 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in October fell 0.39% or 0.17 to hit $43.22 a barrel, while the November Brent oil contract fell 0.15% or 0.07 to trade at $46.09 a barrel.

USD/INR was down 0.46% to 73.876, while EUR/INR fell 0.65% to 87.2225.

The US Dollar Index Futures was up 0.05% at 93.047.

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