India stocks higher at close of trade; Nifty 50 up 2.29%

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At the close in NSE, the Nifty 50 added 2.29%, while the BSE Sensex 30 index climbed 2.42%.

The best performers of the session on the Nifty 50 were Zee Entertainment Enterprises Ltd. (NS:ZEE), which rose 20.00% or 25.85 points to trade at 155.10 at the close. Meanwhile, Reliance Industries Ltd (NS:RELI) added 9.83% or 121.65 points to end at 1359.00 and Asian Paints Ltd. (NS:ASPN) was up 5.27% or 90.90 points to 1816.90 in late trade.

The worst performers of the session were Oil And Natural Gas Corporation Ltd (NS:ONGC), which fell 5.62% or 3.90 points to trade at 65.45 at the close. Vedanta Ltd (NS:VDAN) declined 2.55% or 2.00 points to end at 76.45 and Larsen & Toubro Ltd (NS:LART) was down 1.71% or 14.85 points to 855.50.

The top performers on the BSE Sensex 30 were Reliance Industries Ltd (BO:RELI) which rose 10.30% to 1363.35, Asian Paints Ltd. (BO:ASPN) which was up 5.30% to settle at 1817.00 and IndusInd Bank Ltd. (BO:INBK) which gained 3.93% to close at 416.55.

The worst performers were Oil And Natural Gas Corporation Ltd (BO:ONGC) which was down 5.63% to 65.35 in late trade, Larsen & Toubro Ltd (BO:LART) which lost 2.07% to settle at 852.65 and Power Grid Corporation of India Ltd (BO:PGRD) which was down 0.34% to 162.10 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 823 to 694 and 81 ended unchanged; on the Bombay Stock Exchange, 1234 rose and 1041 declined, while 155 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 5.25% to 42.8225.

Gold Futures for June delivery was up 1.88% or 31.70 to $1719.50 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June fell 0.09% or 0.01 to hit $11.56 a barrel, while the June Brent oil contract rose 2.79% or 0.54 to trade at $19.87 a barrel.

USD/INR was down 0.62% to 76.490, while EUR/INR fell 0.53% to 83.1180.

The US Dollar Index Futures was down 0.20% at 100.170.