India stocks higher at close of trade; Nifty 50 up 2.13%

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At the close in NSE, the Nifty 50 added 2.13%, while the BSE Sensex 30 index climbed 2.09%.

The best performers of the session on the Nifty 50 were Bajaj Finserv Ltd (NS:BJFS), which rose 8.22% or 413.80 points to trade at 5450.75 at the close. Meanwhile, Coal India Ltd (NS:COAL) added 6.33% or 8.20 points to end at 137.65 and Bajaj Finance Ltd (NS:BJFN) was up 5.48% or 131.20 points to 2527.20 in late trade.

The worst performers of the session were Tata Consultancy Services Ltd. (NS:TCS), which fell 0.57% or 11.60 points to trade at 2036.20 at the close. Hindustan Unilever Ltd. (NS:HLL) declined 0.54% or 11.25 points to end at 2067.00 and Bharti Airtel Ltd. (NS:BRTI) was down 0.44% or 2.50 points to 560.95.

The top performers on the BSE Sensex 30 were Bajaj Finance Ltd (BO:BJFN) which rose 5.46% to 2527.55, Kotak Mahindra Bank Ltd. (BO:KTKM) which was up 4.71% to settle at 1299.45 and AXIS Bank Ltd. (BO:AXBK) which gained 4.10% to close at 405.40.

The worst performers were Hindustan Unilever Ltd. (BO:HLL) which was down 0.64% to 2065.00 in late trade, Bharti Airtel Ltd (BO:BRTI) which lost 0.55% to settle at 560.40 and Tata Consultancy Services Ltd. (BO:TCS) which was down 0.52% to 2037.05 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1250 to 370 and 45 ended unchanged; on the Bombay Stock Exchange, 1809 rose and 670 declined, while 122 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 5.70% to 31.4550.

Gold Futures for August delivery was down 0.14% or 2.45 to $1733.15 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July rose 1.29% or 0.49 to hit $38.45 a barrel, while the August Brent oil contract rose 1.50% or 0.61 to trade at $41.32 a barrel.

USD/INR was down 0.25% to 76.091, while EUR/INR fell 0.18% to 85.6060.

The US Dollar Index Futures was down 0.07% at 97.080.