India stocks higher at close of trade; Nifty 50 up 1.14%

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At the close in NSE, the Nifty 50 gained 1.14% to hit a new all time high, while the BSE Sensex 30 index added 1.26%.

The best performers of the session on the Nifty 50 were Mahindra & Mahindra Ltd. (NS:MAHM), which rose 4.20% or 58.60 points to trade at 1,453.60 at the close. Meanwhile, Infosys Ltd (NS:INFY) added 3.26% or 42.15 points to end at 1,335.50 and IndusInd Bank Ltd. (NS:INBK) was up 3.04% or 40.60 points to 1,374.65 in late trade.

The worst performers of the session were Adani Ports and Special Economic Zone Ltd (NS:APSE), which fell 2.28% or 17.25 points to trade at 739.25 at the close. Apollo Hospitals Enterprises Ltd. (NS:APLH) declined 0.56% or 28.70 points to end at 5,098.20 and Grasim Industries Ltd (NS:GRAS) was down 0.53% or 9.30 points to 1,733.80.

The top performers on the BSE Sensex 30 were Mahindra & Mahindra Ltd. (BO:MAHM) which rose 4.14% to 1,453.75, Infosys Ltd (BO:INFY) which was up 3.21% to settle at 1,335.20 and IndusInd Bank Ltd. (BO:INBK) which gained 3.08% to close at 1,375.05.

The worst performers were ICICI Bank Ltd (BO:ICBK) which was down 0.33% to 934.35 in late trade, NTPC Ltd (BO:NTPC) which lost 0.11% to settle at 189.15 and UltraTech Cement Ltd (BO:ULTC) which was up 0.33% to 8,292.85 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1097 to 854 and 62 ended unchanged; on the Bombay Stock Exchange, 1848 rose and 1540 declined, while 132 ended unchanged.

Shares in Mahindra & Mahindra Ltd. (NS:MAHM) rose to all time highs; gaining 4.20% or 58.60 to 1,453.60. Shares in IndusInd Bank Ltd. (NS:INBK) rose to 3-years highs; up 3.04% or 40.60 to 1,374.65. Shares in Mahindra & Mahindra Ltd. (BO:MAHM) rose to all time highs; gaining 4.14% or 57.75 to 1,453.75. Shares in IndusInd Bank Ltd. (BO:INBK) rose to 3-years highs; rising 3.08% or 41.05 to 1,375.05.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 0.80% to 10.80.

Gold Futures for August delivery was down 0.24% or 4.65 to $1,913.25 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August rose 0.03% or 0.02 to hit $69.88 a barrel, while the September Brent oil contract rose 0.13% or 0.10 to trade at $74.61 a barrel.

USD/INR was down 0.01% to 82.06, while EUR/INR fell 0.20% to 89.02.

The US Dollar Index Futures was up 0.10% at 103.11.