Sensex and Nifty50 flat On July 15, as Nifty gainers include Coal India, BPCL, HUL, Tata Consumer Products, and Bharti Airtel, while losers include Shriram Finance, Dr Reddy’s Labs, Kotak Mahindra Bank, UltraTech Cement, and Reliance Industries.
The Indian market extended its winning streak for the third consecutive session on July 16, with benchmarks hitting record highs in IT, realty, and FMCG stocks, with the market remaining closed on July 17.
Sectors and stocks
Indian equity indices saw gains in the first half, but selling pressure in the second half erased most gains, with top Nifty gainers Coal India, BPCL, HUL, Tata Consumer Products, and Bharti Airtel.
The Realty index increased by 1.6%, while FMCG, IT, Metal, and Telecom indices saw growth. Media index shed 1%, Power, and Capital Goods indices fell 0.5 percent. 270 stocks reached 52-week highs on BSE.
Outlook 16 July
The Index fluctuated between 24,600-24,650, eventually reaching 24,613.00 with 26.30 points gains.
Sectoral gains were Realty, FMCG, IT, and Media, with Pharma segment experiencing profit booking.
DOJI candles indicate rejection at higher levels. Support level is 24,500.
The Nifty opened positively and consolidated, closing marginally up about 20 points.
The hourly charts show signs of loss of momentum, suggesting consolidation over the next few trading sessions.
Bank Nifty consolidated and closed around the 20-day moving average support, with crucial support at 52100-51900.
| FII Bought | 1,271.45 Cr |
| DII Sold | -529.48 Cr |
Indian Market Stocks
| Sensex | 51.69 | +0.06% | 80716.55 |
| Nifty 50 | 26.30 | +0.11% | 24613.00 |
| Nifty Bank | -59.10 | -0.11% | 52396.80 |
Market Movers
| Coal India | 14.70 2.95% | Shriram Finance | -68.80 -2.39% |
| BPCL | 8.20 2.66% | Dr Reddys Labs | -148.70 -2.19% |
| HUL | 68.15 2.60% | Kotak Mahindra | -38.25 -2.07% |
| TATA Cons. Prod | 27.45 2.39% | UltraTechCement | -174.95 -1.48% |
| Bharti Airtel | 28.90 2.01% | NTPC | -5.20 -1.35% |
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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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