India stocks higher at close of trade; Nifty 50 up 1.08%

Investing.com – India stocks were higher after the close on Monday, as gains in the , and sectors led shares higher.

At the close in NSE, the rose 1.08% to hit a new 3-months high, while the index climbed 1.16%.

The best performers of the session on the were IndusInd Bank Ltd. (NS:), which rose 4.94% or 53.05 points to trade at 1,126.35 at the close. Meanwhile, Tata Motors Ltd (NS:) added 4.90% or 23.40 points to end at 500.50 and Bajaj Finance Ltd (NS:) was up 4.20% or 268.10 points to 6,657.95 in late trade.

The worst performers of the session were Coal India Ltd (NS:), which fell 1.92% or 4.55 points to trade at 232.85 at the close. Adani Enterprises Ltd (NS:) declined 1.71% or 32.80 points to end at 1,887.50 and Sun Pharmaceutical Industries Ltd. (NS:) was down 0.89% or 8.60 points to 961.85.

The top performers on the BSE Sensex 30 were IndusInd Bank Ltd. (BO:) which rose 4.92% to 1,126.85, Bajaj Finance Ltd (BO:) which was up 4.21% to settle at 6,657.15 and Bajaj Finserv Ltd (BO:) which gained 3.32% to close at 1,404.75.

The worst performers were Sun Pharmaceutical Industries Ltd. (BO:) which was down 0.89% to 961.80 in late trade, Dr. Reddy’s Laboratories Ltd (BO:) which lost 0.59% to settle at 4,908.00 and Larsen & Toubro Ltd (BO:) which was down 0.57% to 2,364.20 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1146 to 789 and 76 ended unchanged; on the Bombay Stock Exchange, 1972 rose and 1553 declined, while 158 ended unchanged.

Shares in Tata Motors Ltd (NS:) rose to 52-week highs; gaining 4.90% or 23.40 to 500.50.

The , which measures the implied volatility of Nifty 50 options, was up 2.77% to 12.64 a new 1-month high.

Gold Futures for June delivery was up 0.29% or 5.95 to $2,030.75 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June rose 2.38% or 1.70 to hit $73.04 a barrel, while the July Brent oil contract rose 2.14% or 1.61 to trade at $76.91 a barrel.

USD/INR was up 0.07% to 81.79, while EUR/INR rose 0.36% to 90.36.

The US Dollar Index Futures was down 0.13% at 100.87.