India stocks higher at close of trade; Nifty 50 up 0.73%

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At the close in NSE, the Nifty 50 added 0.73%, while the BSE Sensex 30 index added 0.56%.

The best performers of the session on the Nifty 50 were Hindalco Industries Ltd. (NS:HALC), which rose 5.13% or 18.85 points to trade at 385.95 at the close. Meanwhile, Hero MotoCorp Ltd (NS:HROM) added 4.49% or 125.10 points to end at 2913.30 and Wipro Ltd (NS:WIPR) was up 4.42% or 21.70 points to 512.30 in late trade.

The worst performers of the session were Power Grid Corporation of India Ltd (NS:PGRD), which fell 1.28% or 2.80 points to trade at 215.40 at the close. UPL Ltd (NS:UPLL) declined 1.20% or 7.70 points to end at 633.00 and Sun Pharmaceutical Industries Ltd. (NS:SUN) was down 0.83% or 5.70 points to 677.70.

The top performers on the BSE Sensex 30 were Bajaj Auto Ltd (BO:BAJA) which rose 2.61% to 3943.80, Housing Development Finance Corporation Ltd (BO:HDFC) which was up 2.20% to settle at 2430.55 and Tech Mahindra Ltd (BO:TEML) which gained 1.67% to close at 977.75.

The worst performers were Power Grid Corporation of India Ltd (BO:PGRD) which was down 1.24% to 215.40 in late trade, Oil And Natural Gas Corporation Ltd (BO:ONGC) which lost 0.86% to settle at 110.10 and Asian Paints Ltd. (BO:ASPN) which was down 0.73% to 2548.85 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 905 to 731 and 75 ended unchanged; on the Bombay Stock Exchange, 1570 rose and 1318 declined, while 117 ended unchanged.

Shares in Hindalco Industries Ltd. (NS:HALC) rose to all time highs; up 5.13% or 18.85 to 385.95. Shares in Wipro Ltd (NS:WIPR) rose to all time highs; rising 4.42% or 21.70 to 512.30.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 0.33% to 22.0350.

Gold Futures for June delivery was up 0.41% or 7.25 to $1791.55 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June fell 0.43% or 0.28 to hit $65.35 a barrel, while the July Brent oil contract fell 0.35% or 0.24 to trade at $68.72 a barrel.

USD/INR was down 0.08% to 73.742, while EUR/INR rose 0.26% to 88.8290.

The US Dollar Index Futures was down 0.31% at 91.013.