India stocks higher at close of trade; Nifty 50 up 1.73%

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At the close in NSE, the Nifty 50 gained 1.73% to hit a new 1-month high, while the BSE Sensex 30 index climbed 1.87%.

The best performers of the session on the Nifty 50 were Bajaj Finance Ltd (NS:BJFN), which rose 10.63% or 680.25 points to trade at 7,076.60 at the close. Meanwhile, Bajaj Finserv Ltd (NS:BJFS) added 10.03% or 1,335.00 points to end at 14,642.05 and Tata Steel Ltd (NS:TISC) was up 4.60% or 4.41 points to 100.35 in late trade.

The worst performers of the session were Shree Cements Ltd. (NS:SHCM), which fell 2.89% or 608.05 points to trade at 20,415.45 at the close. Bharti Airtel Ltd. (NS:BRTI) declined 1.19% or 8.05 points to end at 666.85 and UltraTech Cement Ltd (NS:ULTC) was down 0.98% or 64.10 points to 6,471.25.

The top performers on the BSE Sensex 30 were Bajaj Finance Ltd (BO:BJFN) which rose 10.68% to 7,076.30, Bajaj Finserv Ltd (BO:BJFS) which was up 10.14% to settle at 14,652.30 and Tata Steel Ltd (BO:TISC) which gained 4.59% to close at 100.35.

The worst performers were Bharti Airtel Ltd (BO:BRTI) which was down 1.19% to 666.80 in late trade, UltraTech Cement Ltd (BO:ULTC) which lost 0.99% to settle at 6,474.00 and Dr. Reddy’s Laboratories Ltd (BO:REDY) which was down 0.73% to 4,254.00 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1041 to 774 and 58 ended unchanged; on the Bombay Stock Exchange, 1799 rose and 1403 declined, while 149 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 6.16% to 17.01.

Gold Futures for August delivery was up 1.06% or 18.15 to $1,737.25 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September rose 1.69% or 1.64 to hit $98.90 a barrel, while the October Brent oil contract rose 1.61% or 1.64 to trade at $103.31 a barrel.

USD/INR was down 0.18% to 79.67, while EUR/INR fell 0.82% to 80.79.

The US Dollar Index Futures was up 0.28% at 106.63.