India stocks higher at close of trade; Nifty 50 up 1.55%

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At the close in NSE, the Nifty 50 added 1.55% to hit a new 3-months high, while the BSE Sensex 30 index added 1.49%.

The best performers of the session on the Nifty 50 were Bajaj Finance Ltd (NS:BJFN), which rose 9.28% or 263.70 points to trade at 3104.00 at the close. Meanwhile, Larsen & Toubro Ltd (NS:LART) added 6.73% or 61.05 points to end at 968.50 and IndusInd Bank Ltd. (NS:INBK) was up 6.53% or 32.00 points to 521.90 in late trade.

The worst performers of the session were Reliance Industries Ltd (NS:RELI), which fell 1.40% or 24.45 points to trade at 1721.70 at the close. Bharti Airtel Ltd. (NS:BRTI) declined 0.63% or 3.65 points to end at 577.40 and Vedanta Ltd (NS:VDAN) was down 0.14% or 0.15 points to 109.90.

The top performers on the BSE Sensex 30 were Bajaj Finance Ltd (BO:BJFN) which rose 9.26% to 3105.00, Larsen & Toubro Ltd (BO:LART) which was up 6.68% to settle at 967.85 and IndusInd Bank Ltd. (BO:INBK) which gained 6.29% to close at 520.65.

The worst performers were Reliance Industries Ltd (BO:RELI) which was down 1.55% to 1720.05 in late trade, Bharti Airtel Ltd (BO:BRTI) which lost 0.36% to settle at 578.45 and Maruti Suzuki India Ltd. (BO:MRTI) which was down 0.23% to 5883.85 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1214 to 424 and 39 ended unchanged; on the Bombay Stock Exchange, 1863 rose and 713 declined, while 128 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 3.68% to 29.3400.

Gold Futures for August delivery was up 0.12% or 2.05 to $1768.45 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August rose 1.74% or 0.71 to hit $41.44 a barrel, while the August Brent oil contract rose 1.56% or 0.67 to trade at $43.75 a barrel.

USD/INR was down 0.22% to 75.613, while EUR/INR rose 0.06% to 85.3625.

The US Dollar Index Futures was down 0.13% at 96.855.