Sensex up 60 points on Sept.7

The stock market ended higher on September 7 a day on which it witnessed strong volatility. The Sensex was up 60 points at 38,417. The market witnessed sharp fluctuations throughout the trading session.

Similarly, the Nifty rose by 21 points to close at 11,355 points. It was up 11,381 points during trading. The Nifty was gained after falling to 11,252 points in the morning.

Twenty-seven stocks in the Nifty while 23 stocks declined. Infratel, HDFC Life, Dr Reddy’s Laboratories, ITC and Hindustan Unilever were the top five gainers. Infratel was up 5.72% and HDFC Life was up 3.24%. FMCG and IT stocks too gained.

Mahindra & Mahindra, UPL, Bajaj Finance, GAIL and NTPC were the biggest losers in the Nifty. All these stocks lost more than two per cent.

Earlier, the Nifty broke its resistance at 11,377 points. The market went down after breaking this level last week. On September 7, the market fell to 11,250 points. Today, 11,377 points are seen as the market’s pressure level again. The market could not rise above this level. The next support is at 11,100. The market is likely to continue to fluctuate strongly.