India stocks higher at close of trade; Nifty 50 up 0.72%

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At the close in NSE, the Nifty 50 gained 0.72%, while the BSE Sensex 30 index climbed 0.72%.

The best performers of the session on the Nifty 50 were Mahindra & Mahindra Ltd. (NS:MAHM), which rose 7.57% or 35.90 points to trade at 510.45 at the close. Meanwhile, Bharti Infratel Ltd (NS:BHRI) added 6.45% or 13.60 points to end at 224.40 and Shree Cements Ltd. (NS:SHCM) was up 5.82% or 1237.80 points to 22489.00 in late trade.

The worst performers of the session were Zee Entertainment Enterprises Ltd. (NS:ZEE), which fell 4.46% or 7.85 points to trade at 168.10 at the close. Oil And Natural Gas Corporation Ltd (NS:ONGC) declined 3.39% or 2.95 points to end at 83.95 and Tech Mahindra Ltd (NS:TEML) was down 3.07% or 17.55 points to 554.30.

The top performers on the BSE Sensex 30 were Mahindra & Mahindra Ltd. (BO:MAHM) which rose 7.28% to 509.00, Bajaj Finance Ltd (BO:BJFN) which was up 4.78% to settle at 2448.95 and Hero MotoCorp Ltd (BO:HROM) which gained 3.74% to close at 2395.45.

The worst performers were Oil And Natural Gas Corporation Ltd (BO:ONGC) which was down 3.39% to 83.95 in late trade, Tech Mahindra Ltd (BO:TEML) which lost 2.91% to settle at 555.10 and Power Grid Corporation of India Ltd (BO:PGRD) which was down 2.84% to 166.00 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 839 to 772 and 54 ended unchanged; on the Bombay Stock Exchange, 1184 rose and 1180 declined, while 144 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 3.92% to 30.8225.

Gold Futures for August delivery was up 0.20% or 3.55 to $1743.35 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July fell 0.22% or 0.08 to hit $36.26 a barrel, while the August Brent oil contract rose 0.10% or 0.04 to trade at $38.59 a barrel.

USD/INR was down 0.12% to 75.882, while EUR/INR rose 0.02% to 85.8380.

The US Dollar Index Futures was down 0.04% at 96.700.