India stocks higher at close of trade; Nifty 50 up 1.52%

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At the close in NSE, the Nifty 50 rose 1.52% to hit a new 3-months high, while the BSE Sensex 30 index gained 1.47%.

The best performers of the session on the Nifty 50 were UltraTech Cement Ltd (NS:ULTC), which rose 7.02% or 271.00 points to trade at 4131.10 at the close. Meanwhile, Kotak Mahindra Bank Ltd. (NS:KTKM) added 4.70% or 62.15 points to end at 1384.75 and Tata Consultancy Services Ltd. (NS:TCS) was up 4.69% or 103.40 points to 2310.20 in late trade.

The worst performers of the session were ICICI Bank Ltd (NS:ICBK), which fell 1.77% or 6.35 points to trade at 352.15 at the close. Bharti Infratel Ltd (NS:BHRI) declined 1.62% or 3.15 points to end at 191.10 and Nestle India Ltd (NS:NEST) was down 1.42% or 247.20 points to 17103.05.

The top performers on the BSE Sensex 30 were UltraTech Cement Ltd (BO:ULTC) which rose 7.17% to 4135.70, Kotak Mahindra Bank Ltd. (BO:KTKM) which was up 4.79% to settle at 1385.75 and Tata Consultancy Services Ltd. (BO:TCS) which gained 4.69% to close at 2309.20.

The worst performers were ICICI Bank Ltd (BO:ICBK) which was down 1.84% to 351.90 in late trade, Nestle India Ltd (BO:NEST) which lost 1.29% to settle at 17120.00 and Asian Paints Ltd. (BO:ASPN) which was down 1.21% to 1756.25 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 820 to 770 and 81 ended unchanged; on the Bombay Stock Exchange, 1249 rose and 1246 declined, while 138 ended unchanged.

Shares in Tata Consultancy Services Ltd. (NS:TCS) rose to all time highs; gaining 4.69% or 103.40 to 2310.20. Shares in Tata Consultancy Services Ltd. (BO:TCS) rose to 3-years highs; gaining 4.69% or 103.40 to 2309.20.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 5.50% to 23.6425 a new 3-months low.

Gold Futures for August delivery was down 0.38% or 7.40 to $1923.60 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September fell 0.41% or 0.17 to hit $41.43 a barrel, while the October Brent oil contract rose 0.02% or 0.01 to trade at $43.91 a barrel.

USD/INR was up 0.05% to 74.829, while EUR/INR fell 0.11% to 87.7895.

The US Dollar Index Futures was up 0.10% at 93.705.

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