India stocks higher at close of trade; Nifty 50 up 1.51%

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At the close in NSE, the Nifty 50 rose 1.51% to hit a new 3-months high, while the BSE Sensex 30 index climbed 1.50%.

The best performers of the session on the Nifty 50 were Bharat Petroleum Corp. Ltd. (NS:BPCL), which rose 12.43% or 48.95 points to trade at 442.85 at the close. Meanwhile, Oil And Natural Gas Corporation Ltd (NS:ONGC) added 5.84% or 4.45 points to end at 80.60 and Bharti Infratel Ltd (NS:BHRI) was up 4.32% or 8.20 points to 198.20 in late trade.

The worst performers of the session were Hindalco Industries Ltd. (NS:HALC), which fell 1.90% or 3.15 points to trade at 162.90 at the close. Britannia Industries Ltd (NS:BRIT) declined 1.86% or 71.75 points to end at 3783.00 and Nestle India Ltd (NS:NEST) was down 1.47% or 256.65 points to 17239.00.

The top performers on the BSE Sensex 30 were Oil And Natural Gas Corporation Ltd (BO:ONGC) which rose 5.78% to 80.55, Reliance Industries Ltd (BO:RELI) which was up 3.70% to settle at 1911.35 and Titan Company Ltd (BO:TITN) which gained 3.57% to close at 996.00.

The worst performers were Tata Consultancy Services Ltd. (BO:TCS) which was down 1.45% to 2201.35 in late trade, Nestle India Ltd (BO:NEST) which lost 1.23% to settle at 17249.25 and Infosys Ltd (BO:INFY) which was down 0.76% to 904.00 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1074 to 524 and 62 ended unchanged; on the Bombay Stock Exchange, 1546 rose and 936 declined, while 144 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 4.75% to 24.1575 a new 3-months low.

Gold Futures for August delivery was up 0.23% or 4.15 to $1804.45 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August fell 0.74% or 0.30 to hit $40.45 a barrel, while the September Brent oil contract fell 0.78% or 0.34 to trade at $43.03 a barrel.

USD/INR was down 0.25% to 74.983, while EUR/INR rose 0.09% to 85.6415.

The US Dollar Index Futures was down 0.29% at 96.040.