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July 22, 2021 / 04:10 PM IST

Closing Bell: Nifty ends above 15,800, Sensex jumps over 638 pts; metals outshine

Except FMCG, all other sectoral indices ended in the green. BSE midcap and smallcap indices rose 1.5 percent each.

  • IndexPricesChangeChange%
    Sensex52,586.84-66.23 -0.13%
    Nifty 5015,763.05-15.40 -0.10%
    Nifty Bank34,584.35-107.15 -0.31%
    Nifty 50 15,763.05 -15.40 (-0.10%)
    Fri, Jul 30, 2021
    Biggest GainerPricesChangeChange%
    Sun Pharma773.9570.95 +10.09%
    Biggest LoserPricesChangeChange%
    Hindalco444.80-13.30 -2.90%
    Best SectorPricesChangeChange%
    Nifty Pharma14425.30504.95 +3.63%
    Worst SectorPricesChangeChange%
    Nifty Metal5770.35-40.40 -0.70%

  • July 22, 2021 / 04:07 PM IST

    Jateen Trivedi, Senior Research Analyst at LKP Securities:

    Rupee traded positive yet again as capital markets cheer funding inflow avoiding the rising covid numbers globally as the vaccination drive keep positive outlook on overall situation which will avoid lock downs. 

    Dollar index soft trend also helped the rupee gain 0.20p to 74.45 compared to 74.65 in previous session. Going ahead rupee can be seen in range of 74.30-74.65 range.

  • July 22, 2021 / 03:42 PM IST

    Milind Muchhala, Executive Director, Julius Baer

    Indian markets have made a smart pull-back, supported by the positive global set-up and a decent start to the Q1FY22 earnings season. Markets are clearly rewarding the stocks/sectors where the earnings momentum is strong (such as IT - especially midcap IT, Cement, Metals) or where growth visibility remains good (such as Chemicals, Healthcare, etc.). 

    Moreover, with the flurry of IPOs, which are seeing a very healthy response from investors, the related sectors are seeing interest due to benchmark valuations. Also with the headline index remaining steady at elevated levels, the broader market (Midcaps/Smallcaps) continues to witness a lot of excitement/participation. However, it becomes critical to keep an eye on valuations, as some of the stocks have seen a very sharp re-rating.

  • July 22, 2021 / 03:40 PM IST

    Rupee Close: Indian rupee ended higher by 15 paise at 74.46 per dollar, amid buying seen in the domestic equity market. It opened 18 paise higher at 74.43 per dollar against Tuesday's close of 74.61 and traded in the range of 74.32-74.52.

  • July 22, 2021 / 03:40 PM IST

    Ashis Biswas, Head of Technical Research at CapitalVia Global Research:

    The market witnessed some positive movements and an attempt to hold the support level around the Nifty 50 Index level of 15800. It is going to be crucial for the short-term market scenario to sustain above the 15800 Nifty50 Index level. Sustaining above 15800, the market expects to gain momentum, leading to an upside projection till 15900-15950 level. 

    Technical indicators suggest, a volatile movement in the market in a small range. The traders to refrain from building a fresh buying position, until the market sees any further decisive movement.

  • July 22, 2021 / 03:34 PM IST

    Market Close: Benchmark indices bounced and ended with over a percent gain on the back of positive global cues.

    At close, the Sensex was up 638.70 points or 1.22% at 52,837.21, and the Nifty was up 191.90 points or 1.23% at 15,824. About 2131 shares have advanced, 1054 shares declined, and 128 shares are unchanged.

    JSW Steel, Tech Mahindra, Bajaj Finance, Bharti Airtel and Bajaj Finserv were the top gainers on the Nifty. Top gainers included HUL, Asian Paints, Bajaj Auto, Cipla and Britannia.

    Except FMCG, all other sectoral indices ended in the green. BSE midcap and smallcap indices rose 1.5 percent each.

  • July 22, 2021 / 03:26 PM IST

    Gold Updates:

    Gold prices extended slide to their lowest in nearly two weeks on Thursday on the back of a rebound in stocks and firmer US dollar, while investors looked to the European Central Bank for their stance on policy.

  • July 22, 2021 / 03:23 PM IST

    BSE Power index added 2 percent supported by the Adani Transmission, Adani Green, Adani Power

     BSE Power index added 2 percent supported by the Adani Transmission, Adani Green, Adani Power
  • July 22, 2021 / 03:21 PM IST

    Narendra Solanki, Head- Equity Research (Fundamental), Anand Rathi Shares & Stock Brokers:

    Indian markets started on a positive note following upbeat Asian markets as investors await the latest monetary policy announcement from the European Central Bank. During the afternoon session markets traded at day’s high on the back broad based buying in frontline blue chip counters by fund and retail investors. 

    The rally in domestic equities was also triggered by positive reaction to the latest batch of earnings reports from several big companies in US, which indicated that the world's biggest economy is on the path of recovery. Today's rally was led by Banks, financials, IT, Metals while FMCG and Auto remained flat to negative.

  • July 22, 2021 / 03:18 PM IST

    Zomato IPO: Shares trade at a premium of 26-29% in grey market

    The trading premium of Zomato has gone up significantly in the grey market in the run-up to share allotment and the food-delivery unicorn likely bringing forward the listing date to July 23.

    The shares were available at a premium of Rs 20-22 in the grey market, the IPO Watch and IPO Central data showed. It translates to a trading price of Rs 96-98 a share, a premium of 26.3-28.9 percent over the expected issue price of Rs 76.

  • July 22, 2021 / 03:14 PM IST

    UltraTech Cement Q1 profit more than doubles to Rs 1,700 crore

    UltraTech Cement on July 22 said its June quarter consolidated profit more than doubled to Rs 1,700.03 crore against Rs 793.08 crore in the corresponding quarter of the previous financial year.

    Revenue from operations jumped 54 percent year-on-year (YoY) to Rs 11,830 crore in Q1FY22 against Rs 7,671 in Q1FY21.

    EBITDA for the said quarter came at Rs 3,307.5 crore against Rs 2,077.7 crore YoY while EBITDA margin stood at 27.96 percent against 27.08 percent YoY.

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