India stocks higher at close of trade; Nifty 50 up 1.40%

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At the close in NSE, the Nifty 50 gained 1.40%, while the BSE Sensex 30 index added 1.33%.

The best performers of the session on the Nifty 50 were Britannia Industries Ltd (NS:BRIT), which rose 7.02% or 214.85 points to trade at 3277.00 at the close. Meanwhile, IndusInd Bank Ltd. (NS:INBK) added 6.56% or 25.10 points to end at 408.00 and Bajaj Finserv Ltd (NS:BJFS) was up 6.19% or 271.80 points to 4661.60 in late trade.

The worst performers of the session were NTPC Ltd (NS:NTPC), which fell 1.12% or 1.05 points to trade at 92.35 at the close. HDFC Bank Ltd (NS:HDBK) declined 0.86% or 8.10 points to end at 929.95 and Mahindra & Mahindra Ltd. (NS:MAHM) was down 0.82% or 2.75 points to 331.55.

The top performers on the BSE Sensex 30 were IndusInd Bank Ltd. (BO:INBK) which rose 6.33% to 407.35, AXIS Bank Ltd. (BO:AXBK) which was up 5.74% to settle at 427.30 and Kotak Mahindra Bank Ltd. (BO:KTKM) which gained 5.38% to close at 1306.90.

The worst performers were NTPC Ltd (BO:NTPC) which was down 1.13% to 92.25 in late trade, Mahindra & Mahindra Ltd. (BO:MAHM) which lost 1.12% to settle at 330.50 and HDFC Bank Ltd (BO:HDBK) which was down 0.83% to 929.85 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 885 to 618 and 110 ended unchanged; on the Bombay Stock Exchange, 1234 rose and 1044 declined, while 172 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 2.75% to 38.0425 a new 1-month low.

Gold Futures for June delivery was down 0.03% or 0.55 to $1735.05 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June fell 15.88% or 2.69 to hit $14.25 a barrel, while the July Brent oil contract fell 3.91% or 0.97 to trade at $23.84 a barrel.

USD/INR was down 0.12% to 76.166, while EUR/INR rose 0.21% to 82.6825.

The US Dollar Index Futures was down 0.55% at 99.880.

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