India stocks higher at close of trade; Nifty 50 up 0.52%

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At the close in NSE, the Nifty 50 rose 0.52%, while the BSE Sensex 30 index gained 0.44%.

The best performers of the session on the Nifty 50 were Oil And Natural Gas Corporation Ltd (NS:ONGC), which rose 6.77% or 4.85 points to trade at 76.50 at the close. Meanwhile, IndusInd Bank Ltd. (NS:INBK) added 4.78% or 38.75 points to end at 849.75 and GAIL Ltd (NS:GAIL) was up 3.54% or 3.45 points to 100.90 in late trade.

The worst performers of the session were Housing Development Finance Corporation Ltd (NS:HDFC), which fell 3.60% or 84.00 points to trade at 2250.80 at the close. ICICI Bank Ltd (NS:ICBK) declined 2.49% or 11.95 points to end at 468.25 and AXIS Bank Ltd (NS:AXBK) was down 2.02% or 12.25 points to 595.60.

The top performers on the BSE Sensex 30 were Oil And Natural Gas Corporation Ltd (BO:ONGC) which rose 6.56% to 76.30, IndusInd Bank Ltd. (BO:INBK) which was up 3.94% to settle at 842.00 and Infosys Ltd (BO:INFY) which gained 3.22% to close at 1138.55.

The worst performers were Housing Development Finance Corporation Ltd (BO:HDFC) which was down 3.42% to 2254.00 in late trade, ICICI Bank Ltd (BO:ICBK) which lost 2.48% to settle at 468.30 and AXIS Bank Ltd. (BO:AXBK) which was down 1.99% to 595.60 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 994 to 634 and 96 ended unchanged; on the Bombay Stock Exchange, 1626 rose and 1116 declined, while 174 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 6.02% to 20.7975.

Gold Futures for December delivery was down 0.40% or 7.50 to $1864.90 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January rose 1.49% or 0.63 to hit $43.05 a barrel, while the February Brent oil contract rose 1.69% or 0.76 to trade at $45.83 a barrel.

USD/INR was down 0.09% to 74.042, while EUR/INR rose 0.10% to 87.9360.

The US Dollar Index Futures was down 0.24% at 92.172.