Crash in the stock market continues

The crash in the stock market continued on July 31. The Sensex was down 129 points. The Sensex, which had declined for three consecutive days, fell by about 900 points during the day.

The Sensex, which had touched a high of 37,897.78 in the morning trade, fell to 37,431.68. It closed at 37,606.89 points.

Similarly, the Nifty ended trade 29 points lower at 11,073. The Nifty was up by 11,150.40 points during trading. It fell to 11,026.65 at one point. The Nifty is under strong pressure at 11,300. It’s not able to cross that as booking of profits was seen.
Pharma stocks were the main gainers today. The top five gainers on the Nifty were Sun Pharma, Cipla, JSW Steel, Grasim and UPL. Sun Pharma gained 5.46%. The stock hit a 52-week high, setting a new record.

Similarly, the Nifty Pharma Index gained 3.56% on the day. Torrent Pharma gained 9.18%, Aurbindo Pharma 6.67% and Cadila Healthcare 6.66 %.

The top five losers in the Nifty were Eicher Motors, Reliance Industries, HDFC Bank, Bajaj Auto and Kotak Mahindra Bank.