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July 18, 2022 / 04:12 PM IST

Closing Bell: Nifty ends above 16,250, Sensex rises 760 pts; rupee nears 80/USD

All the sectoral indices ended in the green with Information Technology, PSU Bank, Metal, Power, Oil & Gas, Bank, Realty and Capital Goods indices up 1-3 percent.

  • IndexPricesChangeChange%
    Sensex62,868.50-415.69 -0.66%
    Nifty 5018,696.10-116.40 -0.62%
    Nifty Bank43,103.75-156.90 -0.36%
    Nifty 50 18,696.10 -116.40 (-0.62%)
    Fri, Dec 02, 2022
    Biggest GainerPricesChangeChange%
    Apollo Hospital4,871.4595.75 +2.00%
    Biggest LoserPricesChangeChange%
    Eicher Motors3,331.85-105.60 -3.07%
    Best SectorPricesChangeChange%
    Nifty Midcap 10032566.80283.00 +0.88%
    Worst SectorPricesChangeChange%
    Nifty Auto13046.35-145.45 -1.10%

  • July 18, 2022 / 10:14 AM IST

    Moneycontrol launches Analysts’ Call Tracker. A monthly special page that tells you which way analysts are leaning; the stock they are most bullish or bearish on, what they are upgrading or downgrades, and where they are betting against the market. Ignore this at your own risk!

  • July 18, 2022 / 04:16 PM IST

    Ajit Mishra, VP - Research, Religare Broking

    Markets started the week on a buoyant note and gained nearly one and a half percent, tracking firm global cues. After the gap- up start, the benchmark gradually inched higher as the day progressed and finally settled around the day’s high. 

    All the sectors, barring the defensive i.e. FMCG and pharma, contributed to the move. The broader markets too ended in the green in the range of 1.4-1.7%. Consequently, the Nifty ended with a positive bias near day’s high at 16,280 levels, up by 1.4%.

    Markets are largely mirroring their global counterparts, especially the US while domestic factors like macroeconomic data and earnings cause volatile swings in between. Amid all, we reiterate our positive yet cautious view as we’re eyeing the 16,300-16,500 zone in Nifty. Participants should focus more on stock selection and overnight risk management.

  • July 18, 2022 / 04:12 PM IST

    Gaurav Ratnaparkhi, Head of Technical Research, Sharekhan by BNP Paribas

    The Nifty witnessed a brief consolidation in the last week resulting in an Inside bar pattern on the weekly chart. On the downside, it received support from the 20 DMA and the lower end of the rising channel on the hourly chart. From these support parameters the index has taken a leap on the upside. 

    On July 18, it has crossed the swing high of 16275. This shows that the Nifty is continuing with the pullback on the higher side. It is marching towards the 78.6% retracement of the June decline and the key weekly moving averages. 

    Thus going ahead, the index can test 16500-16550 on the upside. On the flip side, 16140-16100 will now act as a near term support zone.

  • July 18, 2022 / 04:06 PM IST

    Vinod Nair, Head of Research at Geojit Financial Services:

    Strong US retail sales data scaled down the worries of an aggressive rate hike higher than 75bps providing the much-needed optimism to global equities. The European Central Bank, in its meeting this week, is set to increase its interest rates for the 1st time to contain record high inflation. 

    On the domestic front, while IT and banking stocks were lifted by bottom fishing, realty stocks accumulated gains on improving business prospects.

  • July 18, 2022 / 03:59 PM IST

    Shrikant Chouhan, Head of Equity Research (Retail), Kotak Securities:

    Firm global cues bolstered market sentiment as benchmark Sensex closed above the psychological 54000-mark on strong all-round buying support. The recent sell-off had made some stocks attractive, hence traders bought IT, metals & telecom stocks. 

    On daily charts, the Nifty has formed a long bullish candle which suggests continuation of uptrend in the near future. 

    For traders, 16150-16200 would act as a strong support zone and above the same, the index could hit the level of 16400-16450. On the flip side, below 16150, the uptrend would be vulnerable.

  • July 18, 2022 / 03:50 PM IST

    Kunal Shah, Senior Technical Analyst at LKP Securities:

    The Nifty index witnessed a strong breakout on the daily chart and closed above the level of 16,200. The RSI indicator has given a positive crossover on the daily chart which confirms the strength in the index. The index is likely to test the level of 16,600-16,800 level on the upside. The lower end support stands at 16100-15900 zone.

  • July 18, 2022 / 03:45 PM IST

    Narendra Solanki, Head Fundamental Research -Anand Rathi-Investment Services:

    Indian markets opened on positive note following positive overall Asian markets. During the afternoon session markets further strengthened as buying in IT, TECK and Capital Goods stocks were seen. Gains in frontline blue chip stocks such as Infosys, Tech Mahindra also helped to lift the markets. 

    Sentiments were upbeat as a private report suggests that the income of farmers has grown in the range of 1.3-1.7 times in FY22 from the FY18 levels on average while grain exports soared to over USD 50 billion. For certain crops in some states (like soyabean in Maharashtra and cotton in Karnataka) farmers' income more than doubled in FY22 from FY18 levels. 

  • July 18, 2022 / 03:43 PM IST

    S Ranganathan, Head of Research at LKP securities:

    The charge of bulls going berserk on a Monday with a broad-based rally is always a pleasant sight and what is more heartening is to see investors temper and reset their expectations for the quarter in line with the reset on the ground. 

    The 1.5% upmove seen today in the benchmark indices reflects the optimism behind the progress of the south-west monsoon as the BFSI & IT index led from the front with good support coming in from the broader market stocks.

  • July 18, 2022 / 03:37 PM IST

    Rupee Close:

    Indian rupee ended at record low at 79.97 per dollar against Friday's close of 79.87.

  • July 18, 2022 / 03:34 PM IST

    Market Close: Benchmark indices ended on positive note for the second consecutive day on July 18 with Nifty above 16250.

    At close, the Sensex was up 760.37 points or 1.41% at 54,521.15, and the Nifty was up 229.30 points or 1.43% at 16,278.50. About 2296 shares have advanced, 1077 shares declined, and 158 shares are unchanged.

    Hindalco Industries, IndusInd Bank, Infosys, Bajaj Finserv and Tech Mahindra were among the top Nifty gainers, while losers included Britannia Industries, Dr Reddy’s Laboratories, HDFC Bank, M&M and Maruti Suzuki.

    All the sectoral indices ended in the green with Information Technology, PSU Bank, Metal, Power, Oil & Gas, Bank, Realty and Capital Goods indices up 1-3 percent.

    BSE midcap and smallcap indices rose over 1 percent each.

  • July 18, 2022 / 03:23 PM IST

    BSE Oil & Gas index gained 1 percent supported by the Gail India, ONGC, Indraprastha Gas:

     BSE Oil & Gas index gained 1 percent supported by the Gail India, ONGC, Indraprastha Gas:
  • July 18, 2022 / 03:19 PM IST

    Zydus receives final approval from the USFDA

    Zydus Lifesciences subsidiary Zydus Worldwide DMCC has received final approval from the United States Food and Drug Administration (USFDA) to market Efinaconazole Topical Solution, 10%.

    Zydus Lifesciences was quoting at Rs 358.00, down Rs 13.15, or 3.54 percent on the BSE.