(C) Reuters. India stocks higher at close of trade; Nifty 50 up 2.51%
The best performers of the session on the Nifty 50 were Infosys Ltd (NS:INFY), which rose 13.97% or 73.55 points to trade at 600.00 at the close. Meanwhile, Adani Port and Special Economic Zone Ltd (NS:APSE) added 13.81% or 28.70 points to end at 236.50 and Britannia Industries Ltd (NS:BRIT) was up 11.79% or 252.15 points to 2390.00 in late trade.
The worst performers of the session were Yes Bank Ltd (NS:YESB), which fell 11.45% or 4.55 points to trade at 35.20 at the close. Mahindra & Mahindra Ltd. (NS:MAHM) declined 7.98% or 23.40 points to end at 270.00 and Grasim Industries Ltd (NS:GRAS) was down 7.67% or 33.25 points to 400.00.
The top performers on the BSE Sensex 30 were Infosys Ltd (BO:INFY) which rose 12.69% to 593.55, Bajaj Finance Ltd (BO:BJFN) which was up 9.78% to settle at 2485.80 and Hindustan Unilever Ltd. (BO:HLL) which gained 8.34% to close at 2028.75.
The worst performers were Mahindra & Mahindra Ltd. (BO:MAHM) which was down 8.32% to 269.25 in late trade, IndusInd Bank Ltd. (BO:INBK) which lost 7.19% to settle at 312.35 and ITC Ltd (BO:ITC) which was down 3.21% to 149.45 at the close.
Falling stocks outnumbered advancing ones on the India National Stock Exchange by 855 to 644 and 91 ended unchanged; on the Bombay Stock Exchange, 1273 fell and 885 advanced, while 137 ended unchanged.
Shares in Mahindra & Mahindra Ltd. (NS:MAHM) fell to 5-year lows; down 7.98% or 23.40 to 270.00. Shares in Grasim Industries Ltd (NS:GRAS) fell to 5-year lows; falling 7.67% or 33.25 to 400.00. Shares in Mahindra & Mahindra Ltd. (BO:MAHM) fell to 5-year lows; losing 8.32% or 24.45 to 269.25. Shares in IndusInd Bank Ltd. (BO:INBK) fell to 5-year lows; losing 7.19% or 24.20 to 312.35.
The India VIX, which measures the implied volatility of Nifty 50 options, was up 16.15% to 83.6075 a new 5-year high.
Gold Futures for April delivery was up 5.36% or 83.95 to $1651.55 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May rose 6.64% or 1.55 to hit $24.91 a barrel, while the May Brent oil contract rose 4.85% or 1.31 to trade at $28.34 a barrel.
USD/INR was down 0.17% to 76.192, while EUR/INR rose 1.07% to 82.6955.
The US Dollar Index Futures was down 1.38% at 101.815.
India stocks higher at close of trade; Nifty 50 up 2.51%
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