India stocks higher at close of trade; Nifty 50 up 2.57%

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At the close in NSE, the Nifty 50 added 2.57%, while the BSE Sensex 30 index added 2.71%.

The best performers of the session on the Nifty 50 were Bajaj Finance Ltd (NS:BJFN), which rose 10.46% or 204.35 points to trade at 2158.00 at the close. Meanwhile, Bajaj Finserv Ltd (NS:BJFS) added 7.83% or 345.05 points to end at 4749.95 and Titan Company Ltd (NS:TITN) was up 7.70% or 68.50 points to 958.50 in late trade.

The worst performers of the session were Dr. Reddy’s Laboratories Ltd (NS:REDY), which fell 2.94% or 119.75 points to trade at 3951.50 at the close. Bharti Infratel Ltd (NS:BHRI) declined 2.46% or 5.65 points to end at 224.30 and UltraTech Cement Ltd (NS:ULTC) was down 2.17% or 84.85 points to 3820.00.

The top performers on the BSE Sensex 30 were Bajaj Finance Ltd (BO:BJFN) which rose 10.62% to 2160.05, Titan Company Ltd (BO:TITN) which was up 7.70% to settle at 959.15 and Tata Steel Ltd (BO:TISC) which gained 6.72% to close at 315.05.

The worst performers were Sun Pharmaceutical Industries Ltd. (BO:SUN) which was down 2.17% to 465.15 in late trade, Nestle India Ltd (BO:NEST) which lost 2.14% to settle at 17157.80 and UltraTech Cement Ltd (BO:ULTC) which was down 2.10% to 3820.00 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1287 to 261 and 77 ended unchanged; on the Bombay Stock Exchange, 1792 rose and 562 declined, while 133 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 1.73% to 30.7425.

Gold Futures for August delivery was down 0.24% or 4.20 to $1747.50 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July fell 0.70% or 0.25 to hit $35.24 a barrel, while the August Brent oil contract rose 0.13% or 0.05 to trade at $37.89 a barrel.

USD/INR was down 0.07% to 75.534, while EUR/INR rose 0.01% to 83.9305.

The US Dollar Index Futures was down 0.19% at 98.153.