India stocks higher at close of trade; Nifty 50 up 0.70%

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At the close in NSE, the Nifty 50 rose 0.70%, while the BSE Sensex 30 index gained 0.64%.

The best performers of the session on the Nifty 50 were JSW Steel Ltd (NS:JSTL), which rose 6.79% or 19.80 points to trade at 311.35 at the close. Meanwhile, Tata Steel Ltd (NS:TISC) added 5.32% or 19.90 points to end at 393.80 and Bharat Petroleum Corp. Ltd. (NS:BPCL) was up 4.39% or 14.35 points to 341.00 in late trade.

The worst performers of the session were UPL Ltd (NS:UPLL), which fell 7.66% or 38.80 points to trade at 467.75 at the close. HCL Technologies Ltd (NS:HCLT) declined 3.48% or 29.95 points to end at 830.05 and Zee Entertainment Enterprises Ltd. (NS:ZEE) was down 2.58% or 4.65 points to 175.30.

The top performers on the BSE Sensex 30 were Tata Steel Ltd (BO:TISC) which rose 5.38% to 393.85, HDFC Bank Ltd (BO:HDBK) which was up 2.85% to settle at 1202.50 and UltraTech Cement Ltd (BO:ULTC) which gained 2.38% to close at 4486.65.

The worst performers were HCL Technologies Ltd (BO:HCLT) which was down 3.76% to 827.10 in late trade, Mahindra & Mahindra Ltd. (BO:MAHM) which lost 1.61% to settle at 607.10 and Reliance Industries Ltd (BO:RELI) which was down 1.36% to 2175.50 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 995 to 617 and 78 ended unchanged; on the Bombay Stock Exchange, 1429 rose and 1127 declined, while 168 ended unchanged.

Shares in JSW Steel Ltd (NS:JSTL) rose to 52-week highs; gaining 6.79% or 19.80 to 311.35.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 1.87% to 21.6450.

Gold Futures for December delivery was up 0.29% or 5.55 to $1914.45 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November fell 0.83% or 0.34 to hit $40.62 a barrel, while the December Brent oil contract fell 0.93% or 0.40 to trade at $42.76 a barrel.

USD/INR was down 0.16% to 73.304, while EUR/INR fell 0.02% to 85.9275.

The US Dollar Index Futures was down 0.23% at 93.645.