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India stocks higher at close of trade; Nifty 50 up 1.19%

India stocks higher at close of trade; Nifty 50 up 1.19% – India stocks were higher after the close on Thursday, as gains in the IT, Technology and Oil & Gas sectors led shares higher.

At the close in NSE, the Nifty 50 gained 1.19% to hit a new all time high, while the BSE Sensex 30 index added 1.24%.

The best performers of the session on the Nifty 50 were Apollo Hospitals Enterprises Ltd. (NS:APLH), which rose 4.56% or 209.85 points to trade at 4,815.05 at the close. Meanwhile, HDFC Life Insurance Company Ltd (NS:HDFL) added 4.55% or 24.90 points to end at 572.55 and Bharat Petroleum Corp. Ltd. (NS:BPCL) was up 3.50% or 10.85 points to 321.00 in late trade.

The worst performers of the session were Cipla Ltd. (NS:CIPL), which fell 0.98% or 10.90 points to trade at 1,097.10 at the close. Coal India Ltd (NS:COAL) declined 0.91% or 2.10 points to end at 228.50 and Kotak Mahindra Bank Ltd. (NS:KTKM) was down 0.44% or 8.50 points to 1,944.85.

The top performers on the BSE Sensex 30 were Infosys Ltd (BO:INFY) which rose 2.93% to 1,629.80, HCL Technologies Ltd (BO:HCLT) which was up 2.59% to settle at 1,130.90 and Power Grid Corporation of India Ltd (BO:PGRD) which gained 2.56% to close at 220.65.

The worst performers were Tata Steel Ltd (BO:TISC) which was down 0.14% to 105.45 in late trade, Bajaj Finserv Ltd (BO:BJFS) which lost 0.11% to settle at 1,634.15 and Bajaj Finance Ltd (BO:BJFN) which was down 0.10% to 6,772.55 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1071 to 809 and 67 ended unchanged; on the Bombay Stock Exchange, 1839 rose and 1540 declined, while 127 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 4.02% to 13.48 a new 52-week low.

Gold Futures for December delivery was up 0.62% or 10.80 to $1,756.40 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January fell 0.22% or 0.17 to hit $77.77 a barrel, while the January Brent oil contract fell 0.52% or 0.44 to trade at $84.97 a barrel.

USD/INR was up 0.09% to 81.67, while EUR/INR rose 0.15% to 84.96.

The US Dollar Index Futures was down 0.13% at 105.83.


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