India stocks higher at close of trade; Nifty 50 up 1.86%

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At the close in NSE, the Nifty 50 added 1.86%, while the BSE Sensex 30 index climbed 2.07%.

The best performers of the session on the Nifty 50 were HDFC Bank Ltd (NS:HDBK), which rose 5.42% or 82.85 points to trade at 1612.00 at the close. Meanwhile, Coal India Ltd (NS:COAL) added 5.26% or 7.20 points to end at 144.10 and AXIS Bank Ltd (NS:AXBK) was up 5.15% or 36.85 points to 752.80 in late trade.

The worst performers of the session were UPL Ltd (NS:UPLL), which fell 2.01% or 11.40 points to trade at 555.00 at the close. Power Grid Corporation of India Ltd (NS:PGRD) declined 1.55% or 3.50 points to end at 222.60 and Dr. Reddy’s Laboratories Ltd (NS:REDY) was down 1.43% or 64.20 points to 4430.95.

The top performers on the BSE Sensex 30 were HDFC Bank Ltd (BO:HDBK) which rose 5.18% to 1608.30, AXIS Bank Ltd. (BO:AXBK) which was up 4.79% to settle at 750.15 and ICICI Bank Ltd (BO:ICBK) which gained 4.36% to close at 643.00.

The worst performers were Power Grid Corporation of India Ltd (BO:PGRD) which was down 1.48% to 222.60 in late trade, Dr. Reddy’s Laboratories Ltd (BO:REDY) which lost 1.26% to settle at 4432.50 and Tata Consultancy Services Ltd. (BO:TCS) which was down 1.09% to 2947.65 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1084 to 503 and 99 ended unchanged; on the Bombay Stock Exchange, 1529 rose and 876 declined, while 574 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was down 4.20% to 24.1675.

Gold Futures for April delivery was down 1.14% or 20.65 to $1785.25 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April rose 1.65% or 1.02 to hit $62.69 a barrel, while the May Brent oil contract rose 1.75% or 1.13 to trade at $65.61 a barrel.

USD/INR was up 0.10% to 72.451, while EUR/INR fell 0.13% to 87.8180.

The US Dollar Index Futures was up 0.23% at 90.373.

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