India stocks higher at close of trade; Nifty 50 up 3.17% By

© Reuters. India stocks higher at close of trade; Nifty 50 up 3.17% – India stocks were higher after the close on Wednesday, as gains in the , and sectors led shares higher.

At the close in NSE, the rose 3.17%, while the index gained 3.25%.

The best performers of the session on the were AXIS Bank Ltd (NS:), which rose 14.24% or 48.60 points to trade at 389.90 at the close. Meanwhile, ICICI Bank Ltd (NS:) added 8.95% or 26.20 points to end at 318.90 and Wipro Ltd (NS:) was up 6.89% or 13.00 points to 201.80 in late trade.

The worst performers of the session were Sun Pharmaceutical Industries Ltd. (NS:), which fell 1.95% or 8.95 points to trade at 450.20 at the close. UltraTech Cement Ltd (NS:) declined 1.44% or 54.60 points to end at 3731.40 and Zee Entertainment Enterprises Ltd. (NS:) was down 1.00% or 1.65 points to 163.55.

The top performers on the BSE Sensex 30 were AXIS Bank Ltd. (BO:) which rose 14.15% to 389.70, ICICI Bank Ltd (BO:) which was up 8.97% to settle at 318.80 and HDFC Bank Ltd (BO:) which gained 5.91% to close at 903.80.

The worst performers were Sun Pharmaceutical Industries Ltd. (BO:) which was down 1.85% to 450.55 in late trade, UltraTech Cement Ltd (BO:) which lost 1.42% to settle at 3730.00 and Titan Company Ltd (BO:) which was down 0.71% to 886.85 at the close.

Rising stocks outnumbered declining ones on the India National Stock Exchange by 932 to 575 and 80 ended unchanged; on the Bombay Stock Exchange, 1314 rose and 901 declined, while 154 ended unchanged.

The , which measures the implied volatility of Nifty 50 options, was down 0.63% to 31.2725 a new 1-month low.

Gold Futures for June delivery was down 0.50% or 8.45 to $1697.15 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July fell 0.99% or 0.34 to hit $34.01 a barrel, while the July Brent oil contract fell 1.41% or 0.51 to trade at $35.66 a barrel.

USD/INR was up 0.23% to 75.609, while EUR/INR rose 0.61% to 83.3280.

The US Dollar Index Futures was down 0.11% at 98.793.

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