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July 23, 2021 / 04:17 PM IST

Closing Bell: Nifty ends above 15,850, Sensex gains 138 pts led by financials; Zomato gains over 60% on listing day

Among sectors, except auto, capital goods, power and infra sectors, other sectoral indices ended in the green. BSE Midcap and smallcap indices ended flat.

  • IndexPricesChangeChange%
    Sensex60,923.50-336.46 -0.55%
    Nifty 5018,178.10-88.50 -0.48%
    Nifty Bank40,030.20512.00 +1.30%
    Nifty 50 18,178.10 -88.50 (-0.48%)
    Thu, Oct 21, 2021
    Biggest GainerPricesChangeChange%
    Kotak Mahindra2,143.75128.30 +6.37%
    Biggest LoserPricesChangeChange%
    Asian Paints3,002.00-167.60 -5.29%
    Best SectorPricesChangeChange%
    Nifty PSU Bank2836.6075.45 +2.73%
    Worst SectorPricesChangeChange%
    Nifty IT35913.60-933.20 -2.53%

  • July 23, 2021 / 04:23 PM IST

    Ajit Mishra, VP - Research, Religare Broking

    Markets traded volatile and ended marginally in the green amid mixed global cues. In the first half, the benchmark hovered in a range however healthy buying in banking, FMCG and realty aided markets to inch gradually higher as the session progressed. Eventually, the Nifty closed with gains of 0.2% at 15,856 levels. All the sectoral indices ended in positive, except for auto, energy and media. The broader markets traded mixed wherein midcap ended in-line with benchmark while smallcap ended lower by 0.5%. 
    Markets will first react to results of two index majors viz. Reliance Industries and ICICI Bank on Monday i.e. 26th July. Besides, participants will be closely eyeing the global markets for cues. As we’re again trading closer to the upper band of the prevailing consolidation range i.e. 15,900 zone, we reiterate our view to limit naked leveraged positions and wait for a decisive signal from the index.

  • July 23, 2021 / 04:04 PM IST

    Rahul Gupta, Head Of Research- Currency, Emkay Global Financial Services:

    The event risk to fx market is next week’s FOMC policy. So the USDINR spot will remain a little directionless until then as with the rising covid cases in the US, the Fed may communicate a dovish stance. However, any hawkish commentary or hints at tapering the asset purchase program will surge the USDINR spot above 75 zone. Thus, for next week, we expect the trend to be sideways in between 74-75.25.

  • July 23, 2021 / 03:54 PM IST

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

    The market witnessed a swift recovery after the initial fall, 15800 will be an important support level in the short-term perspective. If the market breaches the level of 15900 and is able to sustain above this level, the market expects to gain momentum, leading to an upside projection of 16200 levels. 

    The momentum indicators like RSI and MACD to stay positive and market breadth to improve, further strengthening a short-term bullish outlook.

  • July 23, 2021 / 03:48 PM IST

    Jateen Trivedi, Senior Research Analyst at LKP Securities:

    Rupee traded positive again as the capital market keeps fund inflow on back of a flurry of IPO's and stable market condition globally. Dollar index basing also helped rupee take support near 74.55. Going ahead rupee can be seen in a range of 74.25-74.60.

  • July 23, 2021 / 03:40 PM IST

    JSW Steel Q1:

    The company has posted consolidated net profit at Rs 5,900 crore against loss of Rs 582 crore and revenue was up at Rs 28,902 crore against Rs 11,782 crore, YoY.

    SW Steel closed at Rs 718.00, up Rs 1.30, or 0.18 percent on the BSE.

  • July 23, 2021 / 03:38 PM IST

    Rupee Close:

    Indian rupee ended marginally higher at 74.40 per dollar, amid buying saw in the domestic equity market. It opened 7 paise lower at 74.53 per dollar against previous close of 74.46 and traded between 74.37-74.57.

  • July 23, 2021 / 03:34 PM IST

    Market Close: Benchmark indices ended higher for the second consecutive day on July 23 led by the financial names.

    At close, the Sensex was up 138.59 points or 0.26% at 52975.80, and the Nifty was up 32 points or 0.20% at 15856. About 1534 shares have advanced, 1644 shares declined, and 115 shares are unchanged.

    ICICI Bank, ITC, Wipro, SBI Life Insurance and SBI were the top Nifty gainers. Tata Motors, Grasim Industries, L&T, Adani Ports and Tech Mahindra were among the top drags.

    Among sectors, except auto, capital goods, power and infra sectors, other sectoral indices ended in the green. BSE Midcap and smallcap indices ended flat.

  • July 23, 2021 / 03:26 PM IST

    ITC and ICICI Bank to announce June quarter earnings on July 24

    Meeting of the Board of Directors of ITC and ICICI Bank will be held on July 24, 2021, to consider and approve the unaudited financial results for the quarter ending June 30, 2021

    ITC was quoting at Rs 212.30, up Rs 5.25, or 2.54 percent and ICICI Bank was quoting at Rs 676.20, up Rs 20.40, or 3.11 percent.

  • July 23, 2021 / 03:22 PM IST

    Astha Jain, Sr Research Analyst at HEM Securities 

    We recommend to book partial profit as the stock trade at more than 25-30% premium to issue price on listing day & recommend to keep remaining allotment for long term as with company consistently gaining market share over the last four years to become the category leader in the food delivery space in India in terms of GOV.

    We believe that going forward, funds deployment towards customer and user acquisition & retention expanding delivery and technology infrastructure will increase the growth prospects of company & thus make it candidate for long term investment.

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