India stocks higher at close of trade; Nifty 50 up 3.03%

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At the close in NSE, the Nifty 50 rose 3.03%, while the BSE Sensex 30 index added 3.08%.

The best performers of the session on the Nifty 50 were Tata Motors Ltd (NS:TAMO), which rose 6.90% or 32.55 points to trade at 504.00 at the close. Meanwhile, Eicher Motors Ltd. (NS:EICH) added 5.45% or 140.20 points to end at 2711.00 and Shree Cements Ltd. (NS:SHCM) was up 5.30% or 1249.80 points to 24839.00 in late trade.

The worst performers of the session were Cipla Ltd. (NS:CIPL), which fell 3.46% or 33.05 points to trade at 921.85 at the close. Oil And Natural Gas Corporation Ltd (NS:ONGC) declined 1.23% or 2.05 points to end at 164.15 and Power Grid Corporation of India Ltd (NS:PGRD) was up 0.92% or 1.85 points to 203.70.

The top performers on the BSE Sensex 30 were Bajaj Finance Ltd (BO:BJFN) which rose 5.13% to 7137.90, State Bank Of India (BO:SBI) which was up 4.55% to settle at 524.65 and Bajaj Finserv Ltd (BO:BJFS) which gained 4.37% to close at 16365.80.

The worst performers were Power Grid Corporation of India Ltd (BO:PGRD) which was up 0.74% to 203.40 in late trade, Sun Pharmaceutical Industries Ltd. (BO:SUN) which gained 1.38% to settle at 876.30 and ITC Ltd (BO:ITC) which was up 1.64% to 223.00 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1253 to 553 and 27 ended unchanged; on the Bombay Stock Exchange, 1968 rose and 1301 declined, while 90 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 10.29% to 20.6125.

Gold Futures for April delivery was down 0.72% or 13.50 to $1855.90 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March fell 3.07% or 2.93 to hit $92.53 a barrel, while the April Brent oil contract fell 2.77% or 2.67 to trade at $93.81 a barrel.

USD/INR was down 0.43% to 75.293, while EUR/INR fell 0.13% to 85.4200.

The US Dollar Index Futures was down 0.34% at 96.030.