After a day’s break, the stock market resumed its bullish trend. Sensex registered 408-point gain on July 9. It ended trading at 36,737 points.
Nifty rose 107 points to close at 10,813. During trading Nifty surged till 10,836.85.
The fact that it closed above the 10,800 indicate a signal of further gains. Nifty faces slight pressure at 10,800 points.
The stock market had registered gains during the last three days of last week and the first two days of this week. On July 8 it couldn’t sustain the gain of the previous gains but has now returned to the growth trajectory.
Thirty-five of the 50 index Nifty has made gains during the day. Hindalco, HDFC, SBI, Bajaj Finance and Tata Steel are the shares that registered most profit. Hindalco shares rose 6.58%. HDFC and SBI made over 4% gains.
Infratel, Coal India, Tech Mahindra, ONGC, and Hero Motors are the Nifty shares that registered most losses.
Banking and Metal shares too gained. The Nifty Bank Index rose 1.42% Nifty Metal Index rose 1.94%.
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