India stocks higher at close of trade; Nifty 50 up 1.17%

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At the close in NSE, the Nifty 50 gained 1.17% to hit a new 3-months high, while the BSE Sensex 30 index climbed 1.21%.

The best performers of the session on the Nifty 50 were Mahindra & Mahindra Ltd. (NS:MAHM), which rose 6.42% or 32.05 points to trade at 531.00 at the close. Meanwhile, Hero MotoCorp Ltd (NS:HROM) added 5.20% or 132.55 points to end at 2680.00 and Cipla Ltd. (NS:CIPL) was up 3.80% or 23.85 points to 650.95 in late trade.

The worst performers of the session were AXIS Bank Ltd (NS:AXBK), which fell 1.95% or 8.45 points to trade at 424.80 at the close. UPL Ltd (NS:UPLL) declined 1.00% or 4.45 points to end at 442.50 and Vedanta Ltd (NS:VDAN) was down 0.88% or 0.95 points to 106.75.

The top performers on the BSE Sensex 30 were Mahindra & Mahindra Ltd. (BO:MAHM) which rose 6.21% to 530.55, Titan Company Ltd (BO:TITN) which was up 3.81% to settle at 984.70 and HCL Technologies Ltd (BO:HCLT) which gained 3.45% to close at 570.50.

The worst performers were AXIS Bank Ltd. (BO:AXBK) which was down 2.24% to 423.55 in late trade, Hindustan Unilever Ltd. (BO:HLL) which lost 0.85% to settle at 2152.20 and ICICI Bank Ltd (BO:ICBK) which was down 0.34% to 362.70 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 995 to 644 and 40 ended unchanged; on the Bombay Stock Exchange, 1604 rose and 1003 declined, while 107 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 5.73% to 26.5075 a new 3-months low.

Gold Futures for August delivery was up 0.23% or 4.15 to $1784.05 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August rose 0.65% or 0.26 to hit $40.08 a barrel, while the September Brent oil contract rose 0.74% or 0.31 to trade at $42.34 a barrel.

USD/INR was down 0.90% to 74.801, while EUR/INR fell 0.59% to 84.4170.

The US Dollar Index Futures was down 0.25% at 96.912.

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