Crisis in the stock market
With the stock market surging the Sensex closed above 38,000 points on July 23.
When trading came to an end on the day, the Sensex was at a gain of 269 points. The Sensex, which had gone up to 38, 225 points closed at 38,140 points.
The Nifty, which gained 83 points closed trading at 11,215 points. During trading the Nifty had gone up to 11,239 points.
Eicher Motors, Reliance Industries, ICICI Bank, Tech Mahindra and SBI were the shares that registered good gains on the day. The shares of Eicher Motors gained 4.87%.
Thirty-eight of the Nifty 50 were on the path of gain on July 23. Even auto shares made gains on the day. The Nifty Auto Index registered 1.35% gain. Even pharma and energy shares registered gains on the day.
Reliance Industries, with an all-time high, set a new record in the day. Reliance registered 3.59% gain. It created the record of Rs.2,079.70 on the day. The price of a share of Reliance had gained 19% in the past one month.
Axis Bank, Sree Cements, Hindustan Unilever, TCS and Infosys were the Nifty shares that registered losses on the day. Axis Bank faced 3.77% loss on the day.
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