India stocks higher at close of trade; Nifty 50 up 2.11%

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At the close in NSE, the Nifty 50 gained 2.11%, while the BSE Sensex 30 index gained 2.06%.

The best performers of the session on the Nifty 50 were Shree Cements Ltd. (NS:SHCM), which rose 6.24% or 1144.20 points to trade at 19484.95 at the close. Meanwhile, Housing Development Finance Corporation Ltd (NS:HDFC) added 6.15% or 94.65 points to end at 1634.50 and Dr. Reddy’s Laboratories Ltd (NS:REDY) was up 5.82% or 215.45 points to 3915.05 in late trade.

The worst performers of the session were Bharti Infratel Ltd (NS:BHRI), which fell 6.99% or 15.30 points to trade at 203.45 at the close. IndusInd Bank Ltd. (NS:INBK) declined 2.60% or 9.55 points to end at 358.25 and Hero MotoCorp Ltd (NS:HROM) was down 2.34% or 48.50 points to 2025.00.

The top performers on the BSE Sensex 30 were Housing Development Finance Corporation Ltd (BO:HDFC) which rose 5.74% to 1628.75, Mahindra & Mahindra Ltd. (BO:MAHM) which was up 5.48% to settle at 404.45 and Larsen & Toubro Ltd (BO:LART) which gained 4.85% to close at 835.05.

The worst performers were IndusInd Bank Ltd. (BO:INBK) which was down 2.85% to 357.35 in late trade, Hero MotoCorp Ltd (BO:HROM) which lost 2.33% to settle at 2025.95 and Bharti Airtel Ltd (BO:BRTI) which was down 0.85% to 594.05 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 911 to 560 and 111 ended unchanged; on the Bombay Stock Exchange, 1231 rose and 970 declined, while 160 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 9.23% to 35.8100.

Gold Futures for June delivery was up 0.53% or 9.25 to $1754.85 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July rose 0.69% or 0.22 to hit $32.18 a barrel, while the July Brent oil contract rose 1.41% or 0.49 to trade at $35.14 a barrel.

USD/INR was down 0.01% to 75.633, while EUR/INR rose 0.20% to 82.7730.

The US Dollar Index Futures was up 0.06% at 99.425.