Sensex rose 419 points on July 16. Sensex, which closed at 36,471 points, had gone up to 36,524 points during trading,
Nifty rose 121 points. At one point Nifty had touched 10,755.30 points and it ended trading at 10,739.95 points.

It was IT shares that helped prop up the market on the day. Infosys was the top Nifty gainer, rising to Rs.955.50 before the stock closed 9.51 per cent higher at Rs.910.
Infosys reported only a 2 per cent decline in the June quarter profit at Rs 4,233 crore on strong operating performance. During the same period last year, the company’s profit was Rs.3,798 crore

Infosys, BPCL, Cipla, Mahindra & Mahindra and Britania were the Nifty shares that registered the highest earnings. BPCL rose 6.9% and Cipla 5.55%.

Infratel, Tech Mahindra, ITC, ZEE Limited and IOC faced huge loses. Infratel saw 7% crash.
The good performance of Infosys helped boost other IT stocks. Nifty IT Index rose 2.83%. Pharma stocks too gained on July 16. The Nifty Pharma Index rose 1.8%.

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The share market started with a loss on the first day of the trading week. The Sensex lost 209 points and the Nifty 70 points on June 29.
The Sensex crashed to 34,662.06 during trading and closed at 34,961.52. Nifty crashed to 10,223.60 during trading; it closed at 10312.40.
Only 12 shares in the Nifty 50 Index made some profits today. Britania, HDFC Bank, Cipla, Kotak Mahindra and ITC are the five Nifty shares that registered the highest gains today. Britania gained more than 2 per cent.
Coal India, Axis Bank, Tech Mahindra, Hindalco and SBI are the five Nifty shares that registered the biggest losses. Coal India ended trading with 5 per cent loss.
Banking shares faced strong losses. RBLBank, Bank of Baroda and Axis Bank lost more than 4 per cent. At the same time, pharma shares defended the crash and up a strong fight today. Shares such as that of Cipla and Aurobindo Pharma registered profits today.

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