India stocks higher at close of trade; Nifty 50 up 0.74%

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At the close in NSE, the Nifty 50 rose 0.74% to hit a new all time high, while the BSE Sensex 30 index added 0.74%.

The best performers of the session on the Nifty 50 were HDFC Life Insurance Company Ltd (NS:HDFL), which rose 5.43% or 31.40 points to trade at 609.55 at the close. Meanwhile, SBI Life Insurance Company Ltd (NS:SBIL) added 3.24% or 40.15 points to end at 1,281.25 and Dr. Reddy’s Laboratories Ltd (NS:REDY) was up 2.32% or 111.60 points to 4,915.05 in late trade.

The worst performers of the session were Wipro Ltd (NS:WIPR), which fell 1.97% or 7.65 points to trade at 381.30 at the close. Bajaj Auto Ltd (NS:BAJA) declined 1.69% or 79.60 points to end at 4,641.95 and Tata Consultancy Services Ltd. (NS:TCS) was down 1.29% or 41.40 points to 3,174.90.

The top performers on the BSE Sensex 30 were Dr. Reddy’s Laboratories Ltd (BO:REDY) which rose 2.33% to 4,916.75, Bajaj Finserv Ltd (BO:BJFS) which was up 2.21% to settle at 1,508.50 and Titan Company Ltd (BO:TITN) which gained 1.67% to close at 2,954.15.

The worst performers were Wipro Ltd (BO:WIPR) which was down 1.94% to 381.40 in late trade, Tata Consultancy Services Ltd. (BO:TCS) which lost 1.27% to settle at 3,175.25 and Power Grid Corporation of India Ltd (BO:PGRD) which was down 0.32% to 245.60 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1205 to 723 and 82 ended unchanged; on the Bombay Stock Exchange, 2013 rose and 1389 declined, while 122 ended unchanged.

Shares in Titan Company Ltd (BO:TITN) rose to all time highs; up 1.67% or 48.55 to 2,954.15.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 2.17% to 10.84 a new 3-years low.

Gold Futures for August delivery was up 0.30% or 5.95 to $1,976.65 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July fell 0.79% or 0.56 to hit $70.06 a barrel, while the August Brent oil contract fell 0.66% or 0.50 to trade at $75.17 a barrel.

USD/INR was up 0.03% to 81.93, while EUR/INR rose 0.06% to 89.70.

The US Dollar Index Futures was up 0.05% at 101.77.