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Title: India stocks higher at close of trade; Nifty 50 up 1.46%

11/1/2021 06:45:42 AM GMT

By: AnalysisWatch

India's stocks were higher after the nearby on Monday, as gains in the land, metals, and innovation areas drove shares higher.

On the nearby NSE, the Nifty 50 rose 1.46%, while the BSE Sensex 30 index climbed 1.40%.

The best performers on the Nifty 50 were IndusInd Bank Ltd. (NS: INBK), which rose 7.80% or 88.90 points to trade at 1229.10 at the close. Bharti Airtel Ltd. (NS: BRTI) rose 4.21% or 28.85 points to 714.20 in late trading, while Hindalco Industries Ltd. (NS: HALC) rose 3.99% or 18.35 points to 478.15.

The worst performers of the meeting were UPL Ltd (NS: UPLL), which fell 2.72% or 20.15 points to trade at 720.05 in the nearby. Mahindra and Mahindra Ltd. (NS: MAHM) fell 1.57% or 13.90 points to 870.35, while Bajaj Finserv Ltd. (NS: BJFS) fell 1.43% or 255.45 points to 17565.70.

The top entertainers on the BSE Sensex 30 were IndusInd Bank Ltd. (BO: INBK), which rose 7.75% to 1228.35, HCL Technologies Ltd. (BO: HCLT), which was up 3.91% to settle at 1189.10, and Bharti Airtel Ltd. (BO: BRTI), which gained 3.80% to close at 712.30.

Rising stocks dwarfed declining ones on the India National Stock Exchange by 1229 to 516 and 55 finished unaltered; on the Bombay Stock Exchange, 2028 rose and 1096 declined, while 173 finished unaltered.

Shares of IndusInd Bank Ltd. (NS: INBK) rose to 52-week highs, gaining 7.80%, or 88.90 pennies, to 1229.10. Shares of IndusInd Bank Ltd. (BO: INBK) rose to 52-week highs, rising 7.75% or 88.30 to 1228.35.

The India VIX, which estimates the suggested unpredictability of Nifty 50 choices, was down 1.09% to 17.2350.

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