India stocks higher at close of trade; Nifty 50 up 0.69%

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At the close in NSE, the Nifty 50 added 0.69% to hit a new 1-month high, while the BSE Sensex 30 index added 0.70%.

The best performers of the session on the Nifty 50 were UltraTech Cement Ltd (NS:ULTC), which rose 4.90% or 300.50 points to trade at 6,431.20 at the close. Meanwhile, Grasim Industries Ltd (NS:GRAS) added 3.87% or 56.75 points to end at 1,521.35 and UPL Ltd (NS:UPLL) was up 2.84% or 20.00 points to 725.00 in late trade.

The worst performers of the session were Tata Consumer Products Ltd (NS:TACN), which fell 1.74% or 14.25 points to trade at 804.05 at the close. Infosys Ltd (NS:INFY) declined 1.74% or 26.60 points to end at 1,506.30 and NTPC Ltd (NS:NTPC) was down 1.09% or 1.65 points to 149.20.

The top performers on the BSE Sensex 30 were UltraTech Cement Ltd (BO:ULTC) which rose 5.03% to 6,437.00, Housing Development Finance Corporation Ltd (BO:HDFC) which was up 2.37% to settle at 2,296.55 and HDFC Bank Ltd (BO:HDBK) which gained 2.34% to close at 1,392.85.

The worst performers were Infosys Ltd (BO:INFY) which was down 1.73% to 1,506.30 in late trade, NTPC Ltd (BO:NTPC) which lost 1.19% to settle at 148.90 and Power Grid Corporation of India Ltd (BO:PGRD) which was down 0.83% to 210.35 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 943 to 881 and 58 ended unchanged; on the Bombay Stock Exchange, 1685 rose and 1510 declined, while 145 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 1.23% to 16.65 a new 6-months low.

Gold Futures for August delivery was up 0.47% or 8.00 to $1,721.40 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September fell 1.32% or 1.27 to hit $95.08 a barrel, while the September Brent oil contract fell 0.99% or 1.03 to trade at $102.83 a barrel.

USD/INR was up 0.17% to 79.91, while EUR/INR fell 0.60% to 81.18.

The US Dollar Index Futures was up 0.16% at 106.98.