India stocks higher at close of trade; Nifty 50 up 0.54%

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At the close in NSE, the Nifty 50 gained 0.54%, while the BSE Sensex 30 index gained 0.56%.

The best performers of the session on the Nifty 50 were Larsen & Toubro Ltd (NS:LART), which rose 4.74% or 76.35 points to trade at 1,687.45 at the close. Meanwhile, Power Grid Corporation of India Ltd (NS:PGRD) added 2.94% or 6.25 points to end at 218.80 and Tata Motors Ltd (NS:TAMO) was up 2.48% or 10.70 points to 441.55 in late trade.

The worst performers of the session were HDFC Life Insurance Company Ltd (NS:HDFL), which fell 1.67% or 9.25 points to trade at 545.35 at the close. Oil And Natural Gas Corporation Ltd (NS:ONGC) declined 1.62% or 2.00 points to end at 121.50 and Tata Steel Ltd (NS:TISC) was down 1.57% or 14.10 points to 885.90.

The top performers on the BSE Sensex 30 were Larsen & Toubro Ltd (BO:LART) which rose 4.72% to 1,687.40, Power Grid Corporation of India Ltd (BO:PGRD) which was up 2.94% to settle at 218.80 and NTPC Ltd (BO:NTPC) which gained 2.21% to close at 143.50.

The worst performers were Tata Steel Ltd (BO:TISC) which was down 1.62% to 885.75 in late trade, IndusInd Bank Ltd. (BO:INBK) which lost 1.47% to settle at 848.45 and Maruti Suzuki India Ltd. (BO:MRTI) which was down 1.43% to 8,475.45 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 977 to 822 and 69 ended unchanged; on the Bombay Stock Exchange, 1816 rose and 1343 declined, while 160 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 4.21% to 18.40 a new 1-month low.

Gold Futures for August delivery was up 0.05% or 0.95 to $1,740.65 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August rose 0.18% or 0.19 to hit $102.92 a barrel, while the September Brent oil contract rose 0.32% or 0.34 to trade at $104.99 a barrel.

USD/INR was up 0.02% to 79.24, while EUR/INR rose 0.01% to 80.42.

The US Dollar Index Futures was up 0.03% at 107.00.