India stocks higher at close of trade; Nifty 50 up 1.06%

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At the close in NSE, the Nifty 50 added 1.06% to hit a new 1-month high, while the BSE Sensex 30 index climbed 1.17%.

The best performers of the session on the Nifty 50 were IndusInd Bank Ltd. (NS:INBK), which rose 17.07% or 69.55 points to trade at 476.95 at the close. Meanwhile, Bajaj Finance Ltd (NS:BJFN) added 9.32% or 190.50 points to end at 2234.55 and Housing Development Finance Corporation Ltd (NS:HDFC) was up 8.33% or 132.55 points to 1724.00 in late trade.

The worst performers of the session were Sun Pharmaceutical Industries Ltd. (NS:SUN), which fell 3.02% or 14.80 points to trade at 475.10 at the close. Indian Oil Corporation Ltd (NS:IOC) declined 2.33% or 1.90 points to end at 79.60 and NTPC Ltd (NS:NTPC) was down 2.11% or 1.95 points to 90.40.

The top performers on the BSE Sensex 30 were IndusInd Bank Ltd. (BO:INBK) which rose 15.11% to 468.90, Bajaj Finance Ltd (BO:BJFN) which was up 9.04% to settle at 2229.40 and Housing Development Finance Corporation Ltd (BO:HDFC) which gained 8.27% to close at 1724.00.

The worst performers were Sun Pharmaceutical Industries Ltd. (BO:SUN) which was down 3.27% to 473.80 in late trade, Nestle India Ltd (BO:NEST) which lost 2.09% to settle at 17578.55 and NTPC Ltd (BO:NTPC) which was down 2.00% to 90.45 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 818 to 684 and 90 ended unchanged; on the Bombay Stock Exchange, 1230 rose and 1016 declined, while 180 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 7.06% to 35.3550 a new 1-month low.

Gold Futures for June delivery was down 0.06% or 0.95 to $1722.85 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June fell 8.45% or 1.08 to hit $11.70 a barrel, while the July Brent oil contract rose 1.47% or 0.34 to trade at $23.41 a barrel.

USD/INR was down 0.11% to 76.145, while EUR/INR rose 0.35% to 82.8270.

The US Dollar Index Futures was down 0.51% at 99.590.