Nifty crosses 11,300 points

On July 28, the stock market rose sharply after falling yesterday. The market witnessed the Nifty rise above 11,300 points.

At the close of trading, the Sensex was up 558 points. The Sensex, which had gained over 38,554 points during trading session, closed at 38,492 points.

Similarly, the wide-based National Stock Exchange Index Nifty closed 168 points higher at 11,300 points. The Nifty was up by 11,317.75 points.

Ultratech Cement, TCS, Tata Motors, Grasim Industries and Kotak Mahindra Bank were the top gainers. Ultratech Cement gained 7.07 per cent.
Auto stocks led the market on the day. Similarly, the Nifty rose by 3.37 per cent. Mahindra & Mahindra gained 5.26%. This stock hit a 52-week high on the day.

IT stocks helped the market with strong gains. TCS rose 4.57 per cent. HCL Tech and Infosys hit 52-week highs today. The Nifty IT index was up 2.51 per cent.

The top five losers in the Nifty were Infratel, Nestle India, ICICI Bank, ONGC and Asian Paints.