Sensex and Nifty50 Close Flat but The BSE midcap index added 1.3 percent and the smallcap index rose 0.8 percent.
Indian benchmark indices ended lower for the second consecutive session on July 22, with the Sensex and Nifty down 79.43 points and 21.60 points respectively. Traders were cautious ahead of Union Budget announcements.
Nifty index lost Wipro, Kotak Mahindra Bank, Reliance Industries, ITC, SBI Life Insurance, while gainers included Grasim Industries, HDFC Bank, Tata Consumer, Infosys. Sectoral indices increased 1% each.
Sectors and stocks
Sectoral indices increased by 1% in auto, capital goods, healthcare, metal, and power, while selling occurred in media, bank, IT, realty, and FMCG. 170 stocks reached 52-week highs.
Outlook 23 July
The RSI Index remained stable, with mixed market activity, with the Mid and Smallcaps gaining ground. Auto and Pharma sectors outperformed, while Realty and IT lag. Wild swings are expected due to the Union Budget outcome.
| FII Bought | 3,444.06 Cr |
| DII Sold | -1,652.34 Cr |
Indian Market Stocks
| Sensex | -102.57 | -0.13% | 80,502.08 |
| Nifty 50 | -21.65 | -0.09% | 24,509.25 |
| Nifty Bank | 14.80 | +0.03% | 52,280.40 |
Market Movers
Grasim | 68.55 2.50% | Wipro | -51.40 -9.22% |
| NTPC | 8.85 2.43 % | Kotak Mahindra | -64.05 -3.52% |
| UltraTechCement | 257.40 2.29 % | JSW Steel | -42.00 -4.51% |
| HDFC Bank | 35.25 2.19% | Reliance | -108.95 -3.50% |
| Dr Reddys Labs | 134.90 2.03% | ITC | -8.00 -1.69% |
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Indian indices opened positively, with Sensex and Nifty reaching 76,000 and 23,100, respectively. Top gainers included Divis Labs, IndusInd Bank, Axis Bank, LTIMindtree, and Adani Ports, while losers included Adani Enterprises, Wipro, Grasim Industries.
Indian indices opened positively, with Sensex and Nifty reaching 76,000 and 23,100, respectively. Top gainers included Divis Labs, IndusInd Bank, Axis Bank, LTIMindtree, and Adani Ports, while losers included Adani Enterprises, Wipro, Grasim Industries.
Indian indices opened positively, with Sensex and Nifty reaching 76,000 and 23,100, respectively. Top gainers included Divis Labs, IndusInd Bank, Axis Bank, LTIMindtree, and Adani Ports, while losers included Adani Enterprises, Wipro, Grasim Industries.
Sensex Sensex Sensex
Sensex After four weeks of increases, Sensex and Nifty fell 2% for the first time After four weeks of increases, Sensex and Nifty fell 2% for the first time
The Nifty has experienced a decline, closing the day around 160 points lower. The daily charts show no follow-through buying interest after a breakout, and selling pressure at higher levels could lead to a slipping back into the consolidation zone. The Bollinger bands are contracting, indicating a range contraction. The Bank Nifty has not maintained positive momentum, and it could slip towards the 46900-46800 range. The overall trend is bullish, with an intermediate corrective phase in progress. Short-term weakness could lead to a decline towards the 22200-22250 range.
The Nifty has experienced a decline, closing the day around 160 points lower. The daily charts show no follow-through buying interest after a breakout, and selling pressure at higher levels could lead to a slipping back into the consolidation zone. The Bollinger bands are contracting, indicating a range contraction. The Bank Nifty has not maintained positive momentum, and it could slip towards the 46900-46800 range. The overall trend is bullish, with an intermediate corrective phase in progress. Short-term weakness could lead to a decline towards the 22200-22250 range.
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