India stocks higher at close of trade; Nifty 50 up 2.03%

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At the close in NSE, the Nifty 50 gained 2.03%, while the BSE Sensex 30 index climbed 2.03%.

The best performers of the session on the Nifty 50 were Zee Entertainment Enterprises Ltd. (NS:ZEE), which rose 7.71% or 11.95 points to trade at 167.00 at the close. Meanwhile, AXIS Bank Ltd (NS:AXBK) added 7.01% or 27.10 points to end at 413.95 and UltraTech Cement Ltd (NS:ULTC) was up 6.41% or 214.60 points to 3563.95 in late trade.

The worst performers of the session were Nestle India Ltd (NS:NEST), which fell 5.22% or 911.95 points to trade at 16550.00 at the close. Sun Pharmaceutical Industries Ltd. (NS:SUN) declined 2.16% or 10.00 points to end at 453.90 and Bharti Airtel Ltd. (NS:BRTI) was down 1.04% or 5.85 points to 554.00.

The top performers on the BSE Sensex 30 were AXIS Bank Ltd. (BO:AXBK) which rose 7.02% to 413.85, UltraTech Cement Ltd (BO:ULTC) which was up 6.55% to settle at 3566.00 and Larsen & Toubro Ltd (BO:LART) which gained 6.22% to close at 865.50.

The worst performers were Nestle India Ltd (BO:NEST) which was down 5.38% to 16518.70 in late trade, Sun Pharmaceutical Industries Ltd. (BO:SUN) which lost 2.47% to settle at 452.40 and Bharti Airtel Ltd (BO:BRTI) which was down 1.05% to 553.75 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1164 to 357 and 75 ended unchanged; on the Bombay Stock Exchange, 1585 rose and 680 declined, while 162 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 1.65% to 38.8350.

Gold Futures for June delivery was up 0.04% or 0.70 to $1707.50 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June rose 0.43% or 0.11 to hit $25.89 a barrel, while the July Brent oil contract fell 0.03% or 0.01 to trade at $29.97 a barrel.

USD/INR was up 0.41% to 75.339, while EUR/INR rose 0.51% to 81.7955.

The US Dollar Index Futures was down 0.04% at 99.918.

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