Sensex gains 511 points

The stock market continued its northward climb on July 21. Sensex gained 511 points to close at 37, 930 points. During trading the Sensex had climbed to 37,990.55 points.

The Nifty closed at 11,150 points. The Nifty, which had surged 140 points, ended trading at 11,162 points. Nifty had climbed till 11,179.55 points during trading.

Energy stocks aided the surge in the market on the day. Three of the five stocks that registered gains were energy stocks. Powergrid, IOC and BPCL registered gains of more than 5%. The Nifty Energy Index rose 3.5% on the day.

Powergrid, IOC, BPCL Eicher Motors and HDFC were the five shares that registered gains on the day. Powergrid rose 6.42%.

Even IT stocks surged on July 21. HCL Tech and Wipro registered their highest price on the day. Reliance Industries, which had faced losses after the AGM last week, on July 21 returned to the path of gain. Reliance registered 2.79% gain. Thirty-two of the 51 of the Nifty shares gained at the markets on the day.

Bank shares too made good gains. The share of ICICI Bank climbed 4.34%. Nifty Banking Index registered 2% gain on the day. Bajaj Finance, Bajaj Finserv, Britannia, Asian Paints and Infratel were the Nifty stocks that registered much losses on the day. Bajaj Finance faced 4% loss.