Nifty closes above 11,000 points

The stock market started with a surge this week. On the first day of trading Nifty closed above 11,000. Nifty, which gained 126 points ended trading at 11,027. This is for the first time after March 5, 2020 that the Nifty has crossed 11,000 mark.

With 399-point gain, Nifty closed at 37, 418 points. It had touched 37,478 points during trading.

IT shares led the bulls in the market on the day. Three out of the five shares that made the highest gain on July 20 were from the IT sector. The shares of Infosys, HCL Tech, Tech Mahindra and Wipro registered gains of over 4%. The Nifty IT index gained over 2.60%.

Bank shares too made huge gains on the day. The Q1 results of HDFC Bank were declared the other day. In response to the exemplary performance, the share value of HDFC Bank had climbed 5% on July 20 morning.

Britannia, Infosys, HCL Tech, Tech Mahindra and Bajaj Finance were the five shares that made most gains in the market on July 20. Britannia rose 5.12%. Britannia and HCL Tech registered the highest price for the past 52 weeks.

Thirty-one of the Nifty 51 Index registered gains on the day. At the same time pharma shares registered losses on the day. Sun Pharma and Cipla were the shares that saw the highest losses on the day.