India stocks higher at close of trade; Nifty 50 up 0.74%

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At the close in NSE, the Nifty 50 rose 0.74% to hit a new 3-months high, while the BSE Sensex 30 index added 0.71%.

The best performers of the session on the Nifty 50 were Eicher Motors Ltd. (NS:EICH), which rose 4.87% or 969.45 points to trade at 20860.00 at the close. Meanwhile, Reliance Industries Ltd (NS:RELI) added 3.59% or 72.00 points to end at 2076.00 and ICICI Bank Ltd (NS:ICBK) was up 3.59% or 13.70 points to 394.80 in late trade.

The worst performers of the session were AXIS Bank Ltd (NS:AXBK), which fell 3.77% or 18.05 points to trade at 460.90 at the close. Shree Cements Ltd. (NS:SHCM) declined 1.91% or 419.45 points to end at 21560.00 and Hindustan Unilever Ltd. (NS:HLL) was down 1.43% or 32.10 points to 2216.40.

The top performers on the BSE Sensex 30 were ICICI Bank Ltd (BO:ICBK) which rose 3.52% to 394.50, State Bank Of India (BO:SBI) which was up 3.28% to settle at 198.30 and Reliance Industries Ltd (BO:RELI) which gained 2.82% to close at 2060.65.

The worst performers were AXIS Bank Ltd. (BO:AXBK) which was down 3.80% to 460.85 in late trade, Hindustan Unilever Ltd. (BO:HLL) which lost 1.36% to settle at 2217.55 and Infosys Ltd (BO:INFY) which was down 0.97% to 910.50 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 889 to 701 and 76 ended unchanged; on the Bombay Stock Exchange, 1368 rose and 1138 declined, while 137 ended unchanged.

Shares in Reliance Industries Ltd (NS:RELI) rose to all time highs; rising 3.59% or 72.00 to 2076.00. Shares in Reliance Industries Ltd (BO:RELI) rose to all time highs; up 2.82% or 56.55 to 2060.65.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 0.98% to 24.6400.

Gold Futures for August delivery was up 0.88% or 16.35 to $1881.45 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September fell 0.14% or 0.06 to hit $41.84 a barrel, while the September Brent oil contract fell 0.20% or 0.09 to trade at $44.20 a barrel.

USD/INR was up 0.26% to 74.791, while EUR/INR rose 0.43% to 86.6720.

The US Dollar Index Futures was down 0.12% at 94.817.