India stocks higher at close of trade; Nifty 50 up 0.71%

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At the close in NSE, the Nifty 50 rose 0.71%, while the BSE Sensex 30 index climbed 0.74%.

The best performers of the session on the Nifty 50 were Bajaj Finance Ltd (NS:BJFN), which rose 5.48% or 109.65 points to trade at 2112.00 at the close. Meanwhile, Mahindra & Mahindra Ltd. (NS:MAHM) added 5.39% or 19.85 points to end at 388.00 and GAIL Ltd (NS:GAIL) was up 3.95% or 3.60 points to 94.70 in late trade.

The worst performers of the session were Bharti Infratel Ltd (NS:BHRI), which fell 5.51% or 9.40 points to trade at 161.20 at the close. ITC Ltd (NS:ITC) declined 5.15% or 8.95 points to end at 164.95 and Coal India Ltd (NS:COAL) was down 2.90% or 4.00 points to 134.00.

The top performers on the BSE Sensex 30 were Bajaj Finance Ltd (BO:BJFN) which rose 5.48% to 2112.00, Mahindra & Mahindra Ltd. (BO:MAHM) which was up 5.43% to settle at 388.00 and HDFC Bank Ltd (BO:HDBK) which gained 3.80% to close at 946.30.

The worst performers were ITC Ltd (BO:ITC) which was down 5.81% to 163.80 in late trade, Hindustan Unilever Ltd. (BO:HLL) which lost 1.57% to settle at 2009.85 and Tata Consultancy Services Ltd. (BO:TCS) which was down 1.11% to 1910.05 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 780 to 708 and 98 ended unchanged; on the Bombay Stock Exchange, 1181 fell and 1044 advanced, while 130 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 5.41% to 41.2475.

Gold Futures for June delivery was down 0.20% or 3.40 to $1707.20 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June rose 3.66% or 0.90 to hit $25.46 a barrel, while the July Brent oil contract rose 2.10% or 0.65 to trade at $31.62 a barrel.

USD/INR was up 0.20% to 75.840, while EUR/INR fell 0.13% to 81.9030.

The US Dollar Index Futures was up 0.38% at 100.138.