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India stocks higher at close of trade; Nifty 50 up 0.46%

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India stocks were higher after the close on Monday, as gains in the Real EstateFast Moving Consumer Goods and Public Sector Undertakings sectors led shares higher.

At the close in NSE, the Nifty 50 gained 0.46% to hit a new 3-months high, while the BSE Sensex 30 index gained 0.51%.

The best performers of the session on the Nifty 50 were Hero MotoCorp Ltd (NS:HROM), which rose 3.04% or 79.10 points to trade at 2,685.00 at the close. Meanwhile, Tata Motors Ltd (NS:TAMO) added 2.89% or 14.90 points to end at 530.85 and ITC Ltd (NS:ITC) was up 1.75% or 7.35 points to 427.80 in late trade.

The worst performers of the session were Adani Enterprises Ltd (NS:ADEL), which fell 2.48% or 48.65 points to trade at 1,916.05 at the close. Cipla Ltd. (NS:CIPL) declined 1.56% or 14.65 points to end at 922.80 and Bharat Petroleum Corp. Ltd. (NS:BPCL) was down 1.35% or 4.90 points to 357.00.

The top performers on the BSE Sensex 30 were Tech Mahindra Ltd (BO:TEML) which rose 1.93% to 1,066.05, ITC Ltd (BO:ITC) which was up 1.77% to settle at 427.90 and Hindustan Unilever Ltd. (BO:HLL) which gained 1.45% to close at 2,661.35.

The worst performers were Maruti Suzuki India Ltd. (BO:MRTI) which was down 1.00% to 9,203.25 in late trade, Tata Consultancy Services Ltd. (BO:TCS) which lost 0.63% to settle at 3,253.15 and Bajaj Finserv Ltd (BO:BJFS) which was down 0.15% to 1,421.30 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 1026 to 913 and 79 ended unchanged; on the Bombay Stock Exchange, 1843 rose and 1678 declined, while 169 ended unchanged.

Shares in Tata Motors Ltd (NS:TAMO) rose to 5-year highs; gaining 2.89% or 14.90 to 530.85.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 2.49% to 13.17.

Gold Futures for June delivery was up 0.06% or 1.15 to $2,020.95 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June rose 0.26% or 0.18 to hit $70.22 a barrel, while the July Brent oil contract rose 0.18% or 0.13 to trade at $74.30 a barrel.

USD/INR was up 0.14% to 82.31, while EUR/INR rose 0.42% to 89.52.

The US Dollar Index Futures was down 0.16% at 102.35.

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