India stocks higher at close of trade; Nifty 50 up 0.43%

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At the close in NSE, the Nifty 50 rose 0.43%, while the BSE Sensex 30 index added 0.42%.

The best performers of the session on the Nifty 50 were Sun Pharmaceutical Industries Ltd. (NS:SUN), which rose 2.61% or 27.25 points to trade at 1,072.25 at the close. Meanwhile, Eicher Motors Ltd. (NS:EICH) added 2.49% or 79.15 points to end at 3,253.05 and Apollo Hospitals Enterprises Ltd. (NS:APLH) was up 1.81% or 93.45 points to 5,251.80 in late trade.

The worst performers of the session were UPL Ltd (NS:UPLL), which fell 2.40% or 15.85 points to trade at 644.25 at the close. JSW Steel Ltd (NS:JSTL) declined 1.63% or 13.20 points to end at 797.40 and Bajaj Finance Ltd (NS:BJFN) was down 1.18% or 89.25 points to 7,444.00.

The top performers on the BSE Sensex 30 were Sun Pharmaceutical Industries Ltd. (BO:SUN) which rose 2.48% to 1,072.00, Maruti Suzuki India Ltd. (BO:MRTI) which was up 1.77% to settle at 9,910.00 and Nestle India Ltd (BO:NEST) which gained 1.56% to close at 22,930.00.

The worst performers were Bajaj Finance Ltd (BO:BJFN) which was down 1.25% to 7,440.00 in late trade, Axis Bank Ltd. (BO:AXBK) which lost 1.11% to settle at 953.40 and HCL Technologies Ltd (BO:HCLT) which was down 0.84% to 1,114.70 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1105 to 831 and 66 ended unchanged; on the Bombay Stock Exchange, 1840 rose and 1523 declined, while 118 ended unchanged.

Shares in Sun Pharmaceutical Industries Ltd. (NS:SUN) rose to 5-year highs; gaining 2.61% or 27.25 to 1,072.25. Shares in UPL Ltd (NS:UPLL) fell to 52-week lows; falling 2.40% or 15.85 to 644.25. Shares in Sun Pharmaceutical Industries Ltd. (BO:SUN) rose to 5-year highs; up 2.48% or 25.95 to 1,072.00.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 3.93% to 11.01.

Gold Futures for August delivery was up 0.59% or 11.35 to $1,942.35 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August rose 0.40% or 0.29 to hit $73.28 a barrel, while the September Brent oil contract rose 0.32% or 0.25 to trade at $77.94 a barrel.

USD/INR was down 0.21% to 82.41, while EUR/INR fell 0.08% to 90.72.

The US Dollar Index Futures was down 0.26% at 101.38.