India stocks higher at close of trade; Nifty 50 up 2.19%

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At the close in NSE, the Nifty 50 added 2.19%, while the BSE Sensex 30 index gained 2.28%.

The best performers of the session on the Nifty 50 were Tata Steel Ltd (NS:TISC), which rose 5.66% or 41.65 points to trade at 777.15 at the close. Meanwhile, Bajaj Finserv Ltd (NS:BJFS) added 4.98% or 492.30 points to end at 10369.30 and Reliance Industries Ltd (NS:RELI) was up 4.56% or 96.10 points to 2202.10 in late trade.

The worst performers of the session were Hero MotoCorp Ltd (NS:HROM), which fell 1.50% or 52.05 points to trade at 3424.35 at the close. Maruti Suzuki India Ltd. (NS:MRTI) declined 1.24% or 89.40 points to end at 7124.70 and Bajaj Auto Ltd (NS:BAJA) was down 1.09% or 42.95 points to 3901.10.

The top performers on the BSE Sensex 30 were Bajaj Finserv Ltd (BO:BJFS) which rose 4.87% to 10356.65, Reliance Industries Ltd (BO:RELI) which was up 4.52% to settle at 2201.35 and Bajaj Finance Ltd (BO:BJFN) which gained 4.47% to close at 5544.95.

The worst performers were Bajaj Auto Ltd (BO:BAJA) which was down 1.35% to 3895.60 in late trade, Maruti Suzuki India Ltd. (BO:MRTI) which lost 1.22% to settle at 7126.95 and Mahindra & Mahindra Ltd. (BO:MAHM) which was down 0.93% to 851.90 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1056 to 589 and 73 ended unchanged; on the Bombay Stock Exchange, 1764 rose and 1114 declined, while 172 ended unchanged.

Shares in Tata Steel Ltd (NS:TISC) rose to 5-year highs; rising 5.66% or 41.65 to 777.15.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 6.42% to 22.0900.

Gold Futures for April delivery was down 0.65% or 11.20 to $1722.40 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April rose 1.69% or 1.01 to hit $60.76 a barrel, while the May Brent oil contract rose 1.75% or 1.10 to trade at $63.80 a barrel.

USD/INR was down 0.52% to 72.870, while EUR/INR fell 0.54% to 88.0775.

The US Dollar Index Futures was up 0.01% at 90.802.