Stock Market Today: The Indian stock market benchmarks, Sensex and Nifty 50, broke their two-session losing streak on Monday, July 21, closing with solid gains. The rally was primarily fueled by impressive performances from banking giants like HDFC Bank and ICICI Bank following their better-than-expected Q1 results.
The Sensex surged 443 points (0.54%) to close at 82,200.34, while the Nifty 50 climbed 122 points (0.49%) to end the session at 25,090.70.
The banking sector was the primary driver behind the market’s bounce-back, with strong earnings from HDFC Bank and ICICI Bank uplifting investor sentiment. Shares of Eternal also rose sharply ahead of its Q1 earnings. However, losses in Reliance Industries (down 3.24%) capped overall market gains. Mixed global cues continued to weigh on investor confidence, with concerns over Trump-era tariffs remaining in focus.
Nifty 50: Top Gainers
Among the 50 index components, 28 ended in the green.
- Eternal: +7.50%
- ICICI Bank: +2.71%
- HDFC Bank: +2.25%
Nifty 50: Top Losers
- Reliance Industries: -3.24%
- Wipro: -2.27%
- IndusInd Bank: -2.19%
Sectoral Performance
- Top Performers:
- Nifty Financial Services: +1.62%
- Nifty Bank: +1.19%
- Nifty Private Bank: +1.26%
- Nifty Metal: +1.03%
- Underperformers:
- Nifty PSU Bank: -0.62%
- Nifty FMCG: -0.50%
Most Active Stocks by Volume (NSE)
- Vodafone Idea: 22.83 crore shares
- YES Bank: 12.68 crore shares
- Jaiprakash Power Ventures: 12.56 crore shares
87 Stocks Hit Upper Circuits
Stocks such as Paramount Dye Tec, IFB Agro Industries, Electrotherm (India), and Websol Energy System were among 87 hitting their upper circuits. Meanwhile, 76 stocks, including Jaiprakash Associates and Brightcom Group, hit lower circuits.
161 Stocks Hit 52-Week Highs
Prominent names like HDFC AMC, UltraTech Cement, Muthoot Finance, Schaeffler India, and UPL touched their 52-week highs during intraday trade.
Nifty’s Technical Outlook: Pullback May Continue
According to experts technical indicators suggest a continuation of the current pullback.
- Support Levels: 24,900 and 25,000
- Resistance Levels: 25,300 and 25,375
A close below 24,900 may signal a weakening trend, while holding above this mark could trigger further upside.
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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