India stocks higher at close of trade; Nifty 50 up 0.90%

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At the close in NSE, the Nifty 50 gained 0.90%, while the BSE Sensex 30 index gained 0.94%.

The best performers of the session on the Nifty 50 were Tata Steel Ltd (NS:TISC), which rose 5.29% or 52.90 points to trade at 1,052.00 at the close. Meanwhile, JSW Steel Ltd (NS:JSTL) added 4.40% or 23.25 points to end at 551.70 and Apollo Hospitals Enterprises Ltd. (NS:APLH) was up 3.93% or 138.50 points to 3,662.80 in late trade.

The worst performers of the session were ITC Ltd (NS:ITC), which fell 2.20% or 6.00 points to trade at 266.70 at the close. UPL Ltd (NS:UPLL) declined 2.17% or 16.55 points to end at 747.45 and Divi’s Laboratories Ltd. (NS:DIVI) was down 2.01% or 70.65 points to 3,448.70.

The top performers on the BSE Sensex 30 were Tata Steel Ltd (BO:TISC) which rose 5.27% to 1,051.85, State Bank Of India (BO:SBI) which was up 3.26% to settle at 469.00 and HDFC Bank Ltd (BO:HDBK) which gained 2.96% to close at 1,367.70.

The worst performers were ITC Ltd (BO:ITC) which was down 2.13% to 266.85 in late trade, Sun Pharmaceutical Industries Ltd. (BO:SUN) which lost 1.16% to settle at 900.55 and Reliance Industries Ltd (BO:RELI) which was down 0.91% to 2,587.45 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1039 to 801 and 40 ended unchanged; on the Bombay Stock Exchange, 1666 rose and 1526 declined, while 127 ended unchanged.

Shares in Divi’s Laboratories Ltd. (NS:DIVI) fell to 52-week lows; falling 2.01% or 70.65 to 3,448.70.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 10.15% to 22.72.

Gold Futures for June delivery was down 0.09% or 1.72 to $1,844.58 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July rose 0.92% or 1.01 to hit $111.34 a barrel, while the August Brent oil contract rose 0.59% or 0.66 to trade at $111.78 a barrel.

USD/INR was up 0.12% to 77.54, while EUR/INR rose 0.44% to 83.14.

The US Dollar Index Futures was down 0.26% at 101.81.