India stocks higher at close of trade; Nifty 50 up 0.65%

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At the close in NSE, the Nifty 50 rose 0.65% to hit a new 3-months high, while the BSE Sensex 30 index climbed 0.52%.

The best performers of the session on the Nifty 50 were Bajaj Auto Ltd (NS:BAJA), which rose 7.09% or 189.55 points to trade at 2863.90 at the close. Meanwhile, Bajaj Finance Ltd (NS:BJFN) added 5.95% or 160.65 points to end at 2859.25 and Bajaj Finserv Ltd (NS:BJFS) was up 4.78% or 282.20 points to 6182.00 in late trade.

The worst performers of the session were Wipro Ltd (NS:WIPR), which fell 1.73% or 3.85 points to trade at 218.20 at the close. GAIL Ltd (NS:GAIL) declined 1.16% or 1.15 points to end at 98.35 and Oil And Natural Gas Corporation Ltd (NS:ONGC) was down 1.11% or 0.95 points to 84.80.

The top performers on the BSE Sensex 30 were Bajaj Auto Ltd (BO:BAJA) which rose 6.89% to 2860.00, Bajaj Finance Ltd (BO:BJFN) which was up 5.34% to settle at 2841.85 and Bajaj Finserv Ltd (BO:BJFS) which gained 4.85% to close at 6182.25.

The worst performers were Oil And Natural Gas Corporation Ltd (BO:ONGC) which was down 0.99% to 84.90 in late trade, Housing Development Finance Corporation Ltd (BO:HDFC) which lost 0.94% to settle at 1821.75 and Tata Consultancy Services Ltd. (BO:TCS) which was down 0.92% to 2028.30 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1158 to 474 and 63 ended unchanged; on the Bombay Stock Exchange, 1781 rose and 812 declined, while 143 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 1.65% to 30.4600.

Gold Futures for August delivery was up 0.34% or 5.95 to $1758.95 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August fell 0.08% or 0.03 to hit $39.80 a barrel, while the August Brent oil contract rose 0.02% or 0.01 to trade at $42.20 a barrel.

USD/INR was down 0.31% to 76.012, while EUR/INR fell 0.01% to 85.2820.

The US Dollar Index Futures was down 0.26% at 97.328.