India stocks higher at close of trade; Nifty 50 up 0.68%

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At the close in NSE, the Nifty 50 rose 0.68%, while the BSE Sensex 30 index gained 0.67%.

The best performers of the session on the Nifty 50 were HDFC Life Insurance Company Ltd (NS:HDFL), which rose 6.67% or 34.25 points to trade at 547.55 at the close. Meanwhile, Tata Consumer Products Ltd (NS:TACN) added 4.59% or 32.15 points to end at 732.55 and Wipro Ltd (NS:WIPR) was up 2.69% or 9.90 points to 377.95 in late trade.

The worst performers of the session were Dr. Reddy’s Laboratories Ltd (NS:REDY), which fell 1.29% or 62.65 points to trade at 4,806.10 at the close. IndusInd Bank Ltd. (NS:INBK) declined 1.29% or 14.35 points to end at 1,102.00 and Cipla Ltd. (NS:CIPL) was down 1.15% or 10.55 points to 904.50.

The top performers on the BSE Sensex 30 were Wipro Ltd (BO:WIPR) which rose 2.69% to 377.90, ICICI Bank Ltd (BO:ICBK) which was up 2.31% to settle at 904.65 and Titan Company Ltd (BO:TITN) which gained 2.31% to close at 2,627.65.

The worst performers were Dr. Reddy’s Laboratories Ltd (BO:REDY) which was down 1.44% to 4,800.00 in late trade, IndusInd Bank Ltd. (BO:INBK) which lost 1.24% to settle at 1,102.05 and Maruti Suzuki India Ltd. (BO:MRTI) which was down 1.11% to 8,463.10 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1027 to 912 and 79 ended unchanged; on the Bombay Stock Exchange, 1822 rose and 1641 declined, while 162 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 0.32% to 11.67 a new 3-years low.

Gold Futures for June delivery was up 0.24% or 4.70 to $1,995.20 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June fell 0.15% or 0.12 to hit $77.75 a barrel, while the July Brent oil contract fell 0.25% or 0.20 to trade at $81.26 a barrel.

USD/INR was down 0.14% to 81.92, while EUR/INR rose 0.07% to 90.19.

The US Dollar Index Futures was down 0.19% at 101.36.