India stocks higher at close of trade; Nifty 50 up 1.13%

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At the close in NSE, the Nifty 50 added 1.13%, while the BSE Sensex 30 index climbed 1.16%.

The best performers of the session on the Nifty 50 were Britannia Industries Ltd (NS:BRIT), which rose 4.76% or 174.20 points to trade at 3,830.80 at the close. Meanwhile, Bajaj Finance Ltd (NS:BJFN) added 4.52% or 255.60 points to end at 5,916.70 and Bajaj Finserv Ltd (NS:BJFS) was up 4.37% or 503.80 points to 12,028.50 in late trade.

The worst performers of the session were Oil And Natural Gas Corporation Ltd (NS:ONGC), which fell 5.06% or 6.45 points to trade at 120.95 at the close. HDFC Life Insurance Company Ltd (NS:HDFL) declined 1.31% or 7.40 points to end at 557.45 and Hindalco Industries Ltd. (NS:HALC) was down 1.25% or 4.30 points to 340.95.

The top performers on the BSE Sensex 30 were Bajaj Finserv Ltd (BO:BJFS) which rose 4.54% to 12,042.55, Bajaj Finance Ltd (BO:BJFN) which was up 4.51% to settle at 5,917.60 and Hindustan Unilever Ltd. (BO:HLL) which gained 4.01% to close at 2,497.80.

The worst performers were Power Grid Corporation of India Ltd (BO:PGRD) which was down 1.63% to 210.60 in late trade, NTPC Ltd (BO:NTPC) which lost 1.03% to settle at 139.30 and Reliance Industries Ltd (BO:RELI) which was down 0.87% to 2,411.95 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1051 to 757 and 57 ended unchanged; on the Bombay Stock Exchange, 1733 rose and 1449 declined, while 135 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 2.50% to 20.27.

Gold Futures for August delivery was down 0.23% or 4.05 to $1,759.85 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August rose 0.41% or 0.41 to hit $99.91 a barrel, while the September Brent oil contract rose 1.08% or 1.11 to trade at $103.88 a barrel.

USD/INR was down 0.11% to 79.28, while EUR/INR fell 0.59% to 80.90.

The US Dollar Index Futures was up 0.35% at 106.69.