India stocks higher at close of trade; Nifty 50 up 1.46%

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At the close in NSE, the Nifty 50 gained 1.46%, while the BSE Sensex 30 index gained 1.37%.

The best performers of the session on the Nifty 50 were Adani Ports and Special Economic Zone Ltd (NS:APSE), which rose 5.81% or 49.95 points to trade at 909.50 at the close. Meanwhile, Bajaj Auto Ltd (NS:BAJA) added 5.68% or 209.15 points to end at 3,892.10 and Hero MotoCorp Ltd (NS:HROM) was up 5.18% or 118.65 points to 2,407.25 in late trade.

The worst performers of the session were Oil And Natural Gas Corporation Ltd (NS:ONGC), which fell 1.59% or 2.70 points to trade at 166.95 at the close. Apollo Hospitals Enterprises Ltd. (NS:APLH) declined 1.11% or 52.00 points to end at 4,624.05 and AXIS Bank Ltd (NS:AXBK) was down 0.73% or 5.70 points to 775.00.

The top performers on the BSE Sensex 30 were Power Grid Corporation of India Ltd (BO:PGRD) which rose 3.93% to 231.65, Titan Company Ltd (BO:TITN) which was up 3.92% to settle at 2,550.00 and Mahindra & Mahindra Ltd. (BO:MAHM) which gained 3.85% to close at 938.00.

The worst performers were AXIS Bank Ltd. (BO:AXBK) which was down 0.70% to 775.20 in late trade, Asian Paints Ltd. (BO:ASPN) which lost 0.15% to settle at 3,125.40 and Maruti Suzuki India Ltd. (BO:MRTI) which was down 0.12% to 7,901.30 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1114 to 719 and 39 ended unchanged; on the Bombay Stock Exchange, 1861 rose and 1415 declined, while 102 ended unchanged.

Shares in Adani Ports and Special Economic Zone Ltd (NS:APSE) rose to all time highs; rising 5.81% or 49.95 to 909.50.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 9.74% to 19.19.

Gold Futures for June delivery was up 0.52% or 9.80 to $1,905.80 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June fell 0.01% or 0.01 to hit $98.53 a barrel, while the July Brent oil contract rose 0.27% or 0.28 to trade at $102.44 a barrel.

USD/INR was up 0.03% to 76.57, while EUR/INR fell 0.39% to 81.85.

The US Dollar Index Futures was up 0.10% at 101.88.