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Jul 22, 2022 / 04:34 pm

Closing Bell: Nifty ends above 16,700, Sensex gains 390 pts led by financials; IT drags

Among sectors, bank index gained 1 percent, while power and IT indices shed 0.5-1 percent.

  • Closing Bell: Nifty ends above 16,700, Sensex gains 390 pts led by financials; IT drags
    Stock Market Today:
    • 03:37 PM IST

      Indian rupee ends 10 paise higher at 79.85 per dollar

    • 03:34 PM IST

      Indices end higher for the sixth day in a row

    • 03:22 PM IST

      SRF to setup a new facility to produce agro and pharma intermediates at Dahej

    • 03:20 PM IST

      RIL net profit likely to surge over 105% in Q1 on robust refining margins

    • 02:56 PM IST

      Morgan Stanley keeps underweight rating on Cyient with a target at Rs 680

    • 02:53 PM IST

      Tube Investments of India acquires 76% stake in Moshine Electronics

    • 02:50 PM IST

      JB Chemicals completes acquisition of portfolio of brands from Dr Reddy's Labs

    • 02:42 PM IST

      Wendt post 20 percent jump in Q1 profit at Rs 7.2 crore

    • 02:21 PM IST

      Olectra Greentech Bags Order For Supply of Electric Buses

    • 02:13 PM IST

      Tinplate Company Of India Shares Rally More Than 2%

    • 02:09 PM IST

      Volatility Remains Below 17 Levels

    • 02:02 PM IST

      Indices extend gains with Nifty above 16700

    • 01:57 PM IST

      RBL Bank hikes lending rate across loan tenures

    • 01:56 PM IST

      UltraTech Cement Q1 net profit at Rs 1,584 crore

    • 01:51 PM IST

      BSE Power index falls 1 percent dragged by the Adani Transmission, ABB, NTPC

    • 01:44 PM IST

      IndusInd Bank hikes lending rate by 5-10 bps

    • 01:41 PM IST

      Atul Q1FY23 net profit was at Rs 164.5 crore versus Rs 166 crore

    • 01:14 PM IST

      Infosys to be in focus ahead of its quarterly earnings on July 24

    • 12:52 PM IST

      CLSA maintains 'buy' rating on PVR, raises target to Rs 2,410

    • 12:47 PM IST

      BSE Bankex index up 1 percent supported by the HDFC Bank, ICICI Bank, Bank of Baroda

    • 12:37 PM IST

      Digital lending guidelines likely in weeks: Governor Shaktikanta Das

    • 12:28 PM IST

      Quick Heal board approves share buyback at Rs 300

    • 12:19 PM IST

      Goldman Sachs keeps 'buy' rating on PVR, target at Rs 2,400

    • 12:08 PM IST

      Cyient clocks 0.9% YoY growth in Q1 profit at Rs 116.1 crore

    • 11:45 AM IST

      IndiaMART InterMESH reports 47% YoY decline in Q1 profit at Rs 47 crore

    • 11:38 AM IST

      BSE Oil & Gas index slips 0.7 percent dragged by the HPCL, Gail India, Adani Total Gas

    • 11:31 AM IST

      Fitch downgrades Jubilant Pharma to 'BB-'/Stable; withdraws ratings

    • 11:04 AM IST

      Indian economy better placed despite global headwinds, affirms RBI governor

    • 10:44 AM IST

      Welspun Corp arm commissions blast furnace and sinter plant in Gujarat

    • 10:44 AM IST

      India's largest equity mutual fund manager Prashant Jain calls it quits

    • 10:43 AM IST

      Yes Bank shares zoom 18% in a month amid investment buzz

    • 10:30 AM IST

      Reliance Industries, UltraTech Cement, JSW Steel among others to announce June 2022 quarter earnings today

    • 10:21 AM IST

      RBL Bank reports Q1 profit at Rs 201 crore on 82% decline in provisions

    • 10:14 AM IST

      Asian stocks set for best week in two months; dollar heavy

    • 10:06 AM IST

      BSE Information Technology index sheds 1 percent dragged by the IndiaMART InterMESH, Brightcom Group, Cyient

    • 09:52 AM IST

      Prabhudas Lilladher retains buy on PVR with a Target Price of Rs 2,330

    • 09:43 AM IST

      Nifty Bank index gains nearly 1 percent led by the Kotak Mahindra Bank, HDFC Bank, Bank of Baroda

    • 09:37 AM IST

      SRF Q1 profit increases 54% YoY to Rs 608 crore

    • 09:26 AM IST

      Sharekhan maintains buy rating on PVR, price target of Rs 2,250

    • 09:12 AM IST

      NLC India board approves investment proposals worth Rs 14,945 crore

    • 09:05 AM IST

      Indian rupee opens marginally higher at 79.88 per dollar

    • 08:52 AM IST

      EoI for IDBI Bank’s privatisation likely within a month, says MD Rakesh Sharma

    • 08:40 AM IST

      Sebi proposes regulatory framework for online bond platforms

    • 08:37 AM IST

      JSW Energy net profit surges 179% to Rs 560 crore in June quarter

    • 08:29 AM IST

      ECB raises rates by 50 basis points, first rate hike since 2011

    • 08:17 AM IST

      Oil set for longest run of declines this year in boost for Biden

    • 08:07 AM IST

      UltraTech Cement Q1 PAT may decline 20-27% YoY, revenue growth of 20-25% likely

    • 08:01 AM IST

      RIL Q1 net profit to double YoY as refining business shines

    • 07:55 AM IST

      RBL Bank reports consolidated net profit of Rs 208.66 crore in the June quarter

    • 07:50 AM IST

      Asian markets trade higher with Hang Seng, Straits Times up 0.5% each

    • 07:47 AM IST

      Oil prices steady after sharp declines on weak US demand

    • 07:42 AM IST

      Wall Street closes higher riding on strong Tesla earnings

    • 07:39 AM IST

      SGX Nifty indicates a flat to positive start for the Indian indices

  • IndexPricesChangeChange%
    Sensex62,625.63-223.01 -0.35%
    Nifty 5018,563.40-71.15 -0.38%
    Nifty Bank43,989.00-6.25 -0.01%
    Nifty 50 18,563.40 -71.15 (-0.38%)
    Fri, Jun 09, 2023
    Biggest GainerPricesChangeChange%
    IndusInd Bank1,331.0527.20 +2.09%
    Biggest LoserPricesChangeChange%
    Hero Motocorp2,899.30-65.50 -2.21%
    Best SectorPricesChangeChange%
    Nifty Infra5574.253.30 +0.06%
    Worst SectorPricesChangeChange%
    Nifty PSU Bank4035.30-49.50 -1.21%

  • July 22, 2022 / 04:16 PM IST

    Prashanth Tapse, Vice President (Research), Mehta Equities

    Markets ended on a bullish note for the 6th day in a row, as jubilant investors took heart from this week’s signs that the foreign funds (FIIs) have trickled back into Indian stock markets. FIIs have been net buyers on all the trading days of this week. Stabilizing oil prices near the $97 a barrel mark were the key positive catalysts, while the recent declines in the dollar also brought some reprieve for emerging markets like India.

    Technically speaking, any close above Nifty’s 200 DMA at 17051 will confirm strength in the up-move. On the downside, the Nifty has support at 16571 mark, and in case the intra-day support of 16571 collapses, the index will support at the psychological 16250 mark.

  • July 22, 2022 / 04:10 PM IST

    Ajit Mishra, VP - Research, Religare Broking

    Markets extended gains and rose over half a percent, in continuation of the prevailing trend. After the initial uptick, the benchmark oscillated in the range but finally settled around the day’s high. Gains in banking, realty and auto supported the surge while IT, pharma and energy witnessed profit taking. Meanwhile, the broader indices traded mixed. Amongst the benchmark, the Nifty ended with gains of 0.7% to close at 16,730 levels.

    Markets will first react to the results of heavyweights like Reliance, ICICI Bank, Infosys and Kotak Bank in early trades on Monday. Besides, the development on the global front over the weekend will remain on the radar. We recommend continuing with a positive yet cautious stance and focusing more on identifying stocks amid the rotational buying.

  • July 22, 2022 / 04:06 PM IST

    Amol Athawale, Deputy Vice President - Technical Research, Kotak Securities:

    Falling crude oil prices and rebound in FII inflows into the domestic market helped benchmark Sensex to close above the psychological level of 56000. The fear of aggressive rate hikes by both the US Fed and RBI seems to be moderating, which is giving investors some room to lap up stocks of companies with good fundamentals.

    Extending the rally for the sixth straight session, investors bought banking and select automobile stocks. During the week, the Nifty successfully cleared the short term resistance of 16300 and also cleared the 100-day SMA. For traders, 16800 and 16950 would act as an immediate resistance zone, while 16500-16350 could be the key support levels.

  • July 22, 2022 / 04:03 PM IST

    Manish Shah, Independent Technical Analyst:

    Nifty closed the week with a long candle and it is a good quality green candle coming off a major support. Nifty has moved above its 20 week SMA and MACD has moved above its trigger line. This is a major buy signal on the weekly charts.

    On the daily, we see a slow stuttering rally in last 2 days. Nifty is extended far away from moving averages and the current move is extended. Also Nifty is around its resistance zone of 16800-16850.

    Nifty is in a buy mode on the weekly and extended on daily. There could be some sideways movement and there could be a short-term corrective decline on the horizon. Support for Nifty is at 16500. Any declines in Nifty will take a halt between 16500-16550. If Nifty holds and moves above 16600 there should be more upside to 16700-16750 going into the last week of July Expiry.

  • July 22, 2022 / 03:48 PM IST

    Vinod Nair, Head of Research at Geojit Financial Services:

    Increased foreign investment and solid quarterly results are increasing domestic demand. Among broad-based buying, banking stocks outshined due to healthy quarterly earnings.

    European markets traded with modest gains, while investors digested the latest ECB monetary policy as it joined the global peers in policy tightening.

  • July 22, 2022 / 03:45 PM IST

    Rupak De, Senior Technical Analyst at LKP Securities:

    Nifty has been moving higher while remaining around the upper band of the rising channel on the daily timeframe. The trend remains positive; however, the proximity to the resistance level attracts selling pressure in the market. Over the short term, the Nifty may witness a consolidation. On the lower end, support is visible at 16500; while resistance is likely to be there at 16750-16800.

  • July 22, 2022 / 03:37 PM IST

    Rupee Close:

    Indian rupee ended 10 paise higher at 79.85 per dollar against previous close of 79.95 per dollar.

  • July 22, 2022 / 03:34 PM IST

    Market Close

    Benchmark indices ended higher for the sixth day in a row with Nifty closing above 16700 and Sensex above 56000.

    At close, the Sensex was up 390.28 points or 0.70% at 56,072.23, and the Nifty was up 114.20 points or 0.69% at 16,719.50. About 1732 shares have advanced, 1511 shares declined, and 143 shares are unchanged.

    UltraTech Cement, Grasim Industries, UPL, HDFC and HDFC Bank were among the top Nifty gainers, while losers included Tata Consumer Products, Infosys, NTPC, Power Grid Corporation and JSW Steel.

    Among sectors, bank index gained 1 percent, while power and IT indices shed 0.5-1 percent.

    BSE midcap index ended in the red, while smallcap index ended marginally higher.

  • July 22, 2022 / 03:28 PM IST

    Anuj Choudhary - Research Analyst at Sharekhan by BNP Paribas

    Indian rupee remained flat today. Surge in domestic markets, FII inflows and softening crude oil prices supported Rupee. However, positive Dollar capped sharp gains. Dollar gained today on improved safe haven appeal amid concerns over recession and disappointing PMI data from Europe.

    We expect Rupee to trade on a mixed to negative note on strong Dollar and concerns over inflation and rising twin deficits. Dollar is also expected to recover from lower levels ahead of FOMC meeting next week wherein, the Fed is expected to hike rates aggressively. However, softening of crude oil price and surge in domestic markets may support Rupee at lower levels. Markets may also take cues from PMI data from US later today which is expected weaker than previous month. USDINR spot price is expected to trade in a range of Rs 79.20 to Rs 80.80 in next couple of sessions.

  • July 22, 2022 / 03:22 PM IST


    SRF Board of Directors has approved project to setup a new and dedicated facility to produce agro and pharma intermediates at Dahej at a cost of Rs. 72 Crores with an additional capacity of 915 MTPA

    SRF was quoting at Rs 2,291.95, down Rs 52.65, or 2.25 percent on the BSE.

  • July 22, 2022 / 03:20 PM IST

    Reliance Industries in focus:

    Reliance Industries Limited is expected to report strong earnings for the quarter ended June, aided by a sharp rise in gross refining margins and strength in its organised retail business.

    The oil-to-telecom major is likely to report a 105.7 percent on-year, and 56 percent on-quarter, increase in consolidated net profit to Rs 25,238.8 crore on July 22, according to an average of five brokerages polled by Moneycontrol. Click To Read More


 Reliance Industries Limited is expected to report strong earnings for the quarter ended June, aided by a sharp rise in gross refining margins and strength in its organised retail business. 

 The oil-to-telecom major is likely to report a 105.7 percent on-year, and 56 percent on-quarter, increase in consolidated net profit to Rs 25,238.8 crore on July 22, according to an average of five brokerages polled by Moneycontrol.   Click To Read More
  • July 22, 2022 / 03:17 PM IST

    Jateen Trivedi, VP Research Analyst at LKP Securities:

    Rupee traded range bound hovering around the 80.00 mark the whole week against the dollar as the dollar index traded between a range between 106-109.

    Crude price around 105$ in Brent showing volatility but again retracing back to same levels of previous week gave rupee little momentum.

    All eyes on the FED statement and policy next week for further cues and direction. Rupee range till then can be seen between 79.75-80.20.