India stocks higher at close of trade; Nifty 50 up 0.32%

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At the close in NSE, the Nifty 50 gained 0.32% to hit a new 3-months high, while the BSE Sensex 30 index gained 0.27%.

The best performers of the session on the Nifty 50 were Tech Mahindra Ltd (NS:TEML), which rose 5.54% or 31.50 points to trade at 600.50 at the close. Meanwhile, Hindalco Industries Ltd. (NS:HALC) added 3.79% or 6.20 points to end at 169.90 and HCL Technologies Ltd (NS:HCLT) was up 3.74% or 21.75 points to 604.00 in late trade.

The worst performers of the session were Power Grid Corporation of India Ltd (NS:PGRD), which fell 2.20% or 3.80 points to trade at 168.80 at the close. Bajaj Finance Ltd (NS:BJFN) declined 2.10% or 69.55 points to end at 3244.60 and HDFC Bank Ltd (NS:HDBK) was down 1.95% or 21.55 points to 1083.55.

The top performers on the BSE Sensex 30 were Tech Mahindra Ltd (BO:TEML) which rose 5.60% to 600.50, HCL Technologies Ltd (BO:HCLT) which was up 3.80% to settle at 604.50 and Reliance Industries Ltd (BO:RELI) which gained 2.97% to close at 1934.30.

The worst performers were Bajaj Finance Ltd (BO:BJFN) which was down 2.41% to 3233.25 in late trade, HDFC Bank Ltd (BO:HDBK) which lost 2.26% to settle at 1080.40 and Power Grid Corporation of India Ltd (BO:PGRD) which was down 2.00% to 169.20 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 999 to 641 and 54 ended unchanged; on the Bombay Stock Exchange, 1480 fell and 1054 advanced, while 159 ended unchanged.

Shares in Reliance Industries Ltd (BO:RELI) rose to all time highs; rising 2.97% or 55.80 to 1934.30.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 1.24% to 25.2525.

Gold Futures for August delivery was up 0.61% or 11.00 to $1812.90 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August fell 2.07% or 0.84 to hit $39.71 a barrel, while the September Brent oil contract fell 1.78% or 0.77 to trade at $42.47 a barrel.

USD/INR was up 0.04% to 75.219, while EUR/INR rose 0.29% to 85.1775.

The US Dollar Index Futures was down 0.09% at 96.523.