India stocks higher at close of trade; Nifty 50 up 1.10%

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At the close in NSE, the Nifty 50 rose 1.10% to hit a new 1-month high, while the BSE Sensex 30 index added 1.15%.

The best performers of the session on the Nifty 50 were Tech Mahindra Ltd (NS:TEML), which rose 3.75% or 37.80 points to trade at 1,045.50 at the close. Meanwhile, Oil And Natural Gas Corporation Ltd (NS:ONGC) added 3.64% or 4.65 points to end at 132.55 and HCL Technologies Ltd (NS:HCLT) was up 3.11% or 27.70 points to 917.40 in late trade.

The worst performers of the session were HDFC Life Insurance Company Ltd (NS:HDFL), which fell 2.00% or 10.70 points to trade at 525.20 at the close. Mahindra & Mahindra Ltd. (NS:MAHM) declined 1.74% or 20.60 points to end at 1,165.65 and Eicher Motors Ltd. (NS:EICH) was down 1.07% or 32.95 points to 3,044.75.

The top performers on the BSE Sensex 30 were Tech Mahindra Ltd (BO:TEML) which rose 3.84% to 1,046.30, HCL Technologies Ltd (BO:HCLT) which was up 3.08% to settle at 917.50 and Tata Consultancy Services Ltd. (BO:TCS) which gained 2.89% to close at 3,163.95.

The worst performers were Mahindra & Mahindra Ltd. (BO:MAHM) which was down 1.81% to 1,164.70 in late trade, Sun Pharmaceutical Industries Ltd. (BO:SUN) which lost 0.87% to settle at 867.25 and Kotak Mahindra Bank Ltd. (BO:KTKM) which was down 0.48% to 1,824.90 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1025 to 805 and 57 ended unchanged; on the Bombay Stock Exchange, 1825 rose and 1401 declined, while 130 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 2.21% to 16.82 a new 6-months low.

Gold Futures for August delivery was down 0.13% or 2.25 to $1,708.45 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September fell 1.53% or 1.54 to hit $99.20 a barrel, while the September Brent oil contract fell 1.37% or 1.47 to trade at $105.88 a barrel.

USD/INR was up 0.19% to 80.01, while EUR/INR fell 0.14% to 81.52.

The US Dollar Index Futures was up 0.28% at 106.85.