India stocks higher at close of trade; Nifty 50 up 0.95%

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At the close in NSE, the Nifty 50 rose 0.95%, while the BSE Sensex 30 index gained 1.10%.

The best performers of the session on the Nifty 50 were Indian Oil Corporation Ltd (NS:IOC), which rose 4.28% or 4.80 points to trade at 117.05 at the close. Meanwhile, Sun Pharmaceutical Industries Ltd. (NS:SUN) added 3.93% or 32.35 points to end at 855.00 and Tata Consumer Products Ltd (NS:TACN) was up 3.61% or 23.85 points to 683.70 in late trade.

The worst performers of the session were Hindalco Industries Ltd. (NS:HALC), which fell 4.81% or 29.80 points to trade at 589.95 at the close. Oil And Natural Gas Corporation Ltd (NS:ONGC) declined 4.20% or 7.85 points to end at 179.10 and Tata Steel Ltd (NS:TISC) was down 1.73% or 22.40 points to 1,269.50.

The top performers on the BSE Sensex 30 were Sun Pharmaceutical Industries Ltd. (BO:SUN) which rose 3.99% to 855.55, Tata Consultancy Services Ltd. (BO:TCS) which was up 3.29% to settle at 3,599.95 and NTPC Ltd (BO:NTPC) which gained 2.77% to close at 133.60.

The worst performers were Tata Steel Ltd (BO:TISC) which was down 1.73% to 1,269.35 in late trade, Power Grid Corporation of India Ltd (BO:PGRD) which lost 0.49% to settle at 212.05 and Titan Company Ltd (BO:TITN) which was down 0.32% to 2,382.00 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1326 to 471 and 36 ended unchanged; on the Bombay Stock Exchange, 2177 rose and 1045 declined, while 98 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 2.53% to 28.59.

Gold Futures for April delivery was up 0.76% or 15.15 to $2,011.05 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April rose 3.11% or 3.71 to hit $123.11 a barrel, while the May Brent oil contract rose 3.34% or 4.12 to trade at $127.33 a barrel.

USD/INR was down 0.17% to 76.95, while EUR/INR rose 0.22% to 83.70.

The US Dollar Index Futures was down 0.14% at 99.16.