India stocks higher at close of trade; Nifty 50 up 0.68%

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At the close in NSE, the Nifty 50 rose 0.68%, while the BSE Sensex 30 index climbed 0.71%.

The best performers of the session on the Nifty 50 were HDFC Life Insurance Company Ltd (NS:HDFL), which rose 5.86% or 36.95 points to trade at 667.20 at the close. Meanwhile, Apollo Hospitals Enterprises Ltd. (NS:APLH) added 2.10% or 105.85 points to end at 5,142.80 and JSW Steel Ltd (NS:JSTL) was up 1.83% or 13.70 points to 762.50 in late trade.

The worst performers of the session were Cipla Ltd. (NS:CIPL), which fell 1.24% or 12.65 points to trade at 1,009.25 at the close. Britannia Industries Ltd (NS:BRIT) declined 1.10% or 54.95 points to end at 4,954.25 and Tata Consumer Products Ltd (NS:TACN) was down 1.00% or 8.65 points to 853.90.

The top performers on the BSE Sensex 30 were State Bank Of India (BO:SBI) which rose 1.59% to 565.95, Housing Development Finance Corporation Ltd (BO:HDFC) which was up 1.59% to settle at 2,762.50 and Axis Bank Ltd. (BO:AXBK) which gained 1.42% to close at 973.45.

The worst performers were Dr. Reddy’s Laboratories Ltd (BO:REDY) which was down 0.49% to 5,017.60 in late trade, Maruti Suzuki India Ltd. (BO:MRTI) which lost 0.28% to settle at 9,438.90 and ITC Ltd (BO:ITC) which was down 0.04% to 445.15 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1157 to 768 and 76 ended unchanged; on the Bombay Stock Exchange, 1916 rose and 1448 declined, while 142 ended unchanged.

Shares in HDFC Life Insurance Company Ltd (NS:HDFL) rose to 52-week highs; gaining 5.86% or 36.95 to 667.20.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 5.42% to 10.78 a new 3-years low.

Gold Futures for August delivery was down 0.03% or 0.55 to $1,933.25 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August fell 1.05% or 0.73 to hit $68.64 a barrel, while the September Brent oil contract fell 0.95% or 0.71 to trade at $73.64 a barrel.

USD/INR was up 0.02% to 82.02, while EUR/INR rose 0.44% to 89.78.

The US Dollar Index Futures was down 0.15% at 102.18.