Sensex, Nifty 50 End Flat Amid Mixed Global Cues; PSU Bank Stocks Lead Rally

Indian equity benchmarks Sensex and Nifty 50 ended almost flat on Wednesday, reflecting cautious investor sentiment amid weak Q1 earnings, global tariff concerns, and valuation pressures.

The Sensex gained 64 points to close at 82,634.48, while the Nifty 50 edged up 16 points to end at 25,212.05. Broader indices showed mixed performance, with BSE Midcap up 0.10% and Smallcap rising 0.28%.

Market experts attributed the sluggish trend to stock-specific movements and investor caution ahead of more Q1 FY26 earnings reports.

Key Highlights from the Indian Stock Market (July 16):

1. Why Did the Market Close Flat?

Investors remained cautious due to subdued Q1 earnings, geopolitical tensions, and stretched valuations. Although India’s macro outlook is stable, including easing inflation and strong monsoon, the lack of earnings upgrades capped enthusiasm.

2. Top Gainers in Nifty 50

• Mahindra & Mahindra: +2.38%
• Wipro: +2.18%
• Tech Mahindra: +1.87%

3. Top Losers in Nifty 50

• Shriram Finance: -2.37%
• Eternal: -1.63%
• Sun Pharma: -1.36%

4. Sectoral Performance

• PSU Banks outperformed: Nifty PSU Bank index rose 1.81% (PNB, Canara Bank top gainers)
• Media index: +1.31%
• Other gainers: IT (+0.63%), Realty (+0.50%), FMCG (+0.45%), Auto (+0.44%)
• Nifty Bank: +0.28%; Private Bank Index: Flat

5. Most Active Stocks by Volume (NSE)

• Vodafone Idea: 63 crore shares
• Jaiprakash Power Ventures: 32.21 crore
• Network18 Media: 31.84 crore

6. Stocks That Surged Over 10%

• 12 stocks including 20 Microns, Fischer Medical, Magellanic Cloud, and Deccan Cements posted double-digit gains.

7. Upper & Lower Circuits

• Upper circuits: 96 stocks (e.g., SMS Lifesciences, Shilpa Medicare)
• Lower circuits: 60 stocks (e.g., Hindustan Motors, Rajoo Engineers)

8. Advance-Decline Ratio (BSE)

• Advances: 2,338
• Declines: 1,718
• Unchanged: 162 (out of 4,218 stocks)

9. Stocks Hitting 52-Week Highs

• 145 stocks hit new highs including Biocon, MRF, HDFC AMC

10. Nifty 50 Technical Outlook

• Support: 25,100
• Resistance: 25,300 (20-day SMA), possible upside to 25,450
• A break below 25,100 may drag Nifty to 24,930 (50-day SMA)

Disclaimer:
The information provided in this blog is for educational and informational purposes only. It does not constitute investment advice, a recommendation, or an offer to buy or sell any financial instruments. Stock market investments are subject to market risks. Past performance is not indicative of future results. Readers are advised to consult a qualified financial advisor before making any investment decisions. The author and publisher are not liable for any losses or damages arising from the use of this information.

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