India stocks higher at close of trade; Nifty 50 up 1.24%

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At the close in NSE, the Nifty 50 added 1.24%, while the BSE Sensex 30 index climbed 1.43%.

The best performers of the session on the Nifty 50 were AXIS Bank Ltd (NS:AXBK), which rose 6.34% or 25.80 points to trade at 432.45 at the close. Meanwhile, UPL Ltd (NS:UPLL) added 5.27% or 22.40 points to end at 447.60 and Bajaj Finserv Ltd (NS:BJFS) was up 5.20% or 303.70 points to 6148.85 in late trade.

The worst performers of the session were NTPC Ltd (NS:NTPC), which fell 2.14% or 2.05 points to trade at 93.75 at the close. Nestle India Ltd (NS:NEST) declined 2.06% or 354.45 points to end at 16820.00 and Larsen & Toubro Ltd (NS:LART) was down 1.99% or 18.80 points to 924.85.

The top performers on the BSE Sensex 30 were AXIS Bank Ltd. (BO:AXBK) which rose 6.58% to 433.25, Bajaj Finserv Ltd (BO:BJFS) which was up 5.25% to settle at 6147.00 and Housing Development Finance Corporation Ltd (BO:HDFC) which gained 4.49% to close at 1833.40.

The worst performers were Mahindra & Mahindra Ltd. (BO:MAHM) which was down 2.18% to 499.55 in late trade, NTPC Ltd (BO:NTPC) which lost 2.14% to settle at 93.80 and Larsen & Toubro Ltd (BO:LART) which was down 2.10% to 924.25 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 856 to 761 and 51 ended unchanged; on the Bombay Stock Exchange, 1400 rose and 1210 declined, while 105 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 3.43% to 28.1175 a new 3-months low.

Gold Futures for August delivery was down 0.38% or 6.85 to $1793.65 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August rose 2.16% or 0.85 to hit $40.12 a barrel, while the September Brent oil contract rose 2.11% or 0.87 to trade at $42.14 a barrel.

USD/INR was up 0.05% to 75.577, while EUR/INR fell 0.19% to 84.6760.

The US Dollar Index Futures was up 0.12% at 97.463.

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