India stocks higher at close of trade; Nifty 50 up 2.33%

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At the close in NSE, the Nifty 50 gained 2.33%, while the BSE Sensex 30 index added 2.30%.

The best performers of the session on the Nifty 50 were UPL Ltd (NS:UPLL), which rose 7.27% or 42.55 points to trade at 627.95 at the close. Meanwhile, JSW Steel Ltd (NS:JSTL) added 4.98% or 22.15 points to end at 467.35 and Shree Cements Ltd. (NS:SHCM) was up 4.92% or 1383.80 points to 29500.00 in late trade.

The worst performers of the session were AXIS Bank Ltd (NS:AXBK), which fell 0.41% or 2.85 points to trade at 695.35 at the close. Hindalco Industries Ltd. (NS:HALC) declined 0.32% or 1.05 points to end at 326.10 and SBI Life Insurance Company Ltd (NS:SBIL) was down 0.21% or 1.80 points to 872.15.

The top performers on the BSE Sensex 30 were HDFC Bank Ltd (BO:HDBK) which rose 4.11% to 1553.55, HCL Technologies Ltd (BO:HCLT) which was up 3.91% to settle at 996.35 and Infosys Ltd (BO:INFY) which gained 3.69% to close at 1385.55.

The worst performers were Mahindra & Mahindra Ltd. (BO:MAHM) which was down 0.74% to 795.00 in late trade, AXIS Bank Ltd. (BO:AXBK) which lost 0.41% to settle at 695.10 and Bharti Airtel Ltd (BO:BRTI) which was down 0.17% to 521.40 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 890 to 793 and 78 ended unchanged; on the Bombay Stock Exchange, 1479 rose and 1372 declined, while 199 ended unchanged.

Shares in JSW Steel Ltd (NS:JSTL) rose to all time highs; gaining 4.98% or 22.15 to 467.35. Shares in Shree Cements Ltd. (NS:SHCM) rose to all time highs; gaining 4.92% or 1383.80 to 29500.00.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 0.80% to 20.4850.

Gold Futures for June delivery was down 1.11% or 19.10 to $1695.50 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May fell 1.33% or 0.82 to hit $60.74 a barrel, while the June Brent oil contract fell 1.06% or 0.69 to trade at $64.23 a barrel.

USD/INR was up 0.91% to 73.410, while EUR/INR rose 0.70% to 86.1615.

The US Dollar Index Futures was up 0.23% at 93.172.

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