Sensex and Nifty50 rose On July 15, Dalal Street saw the Nifty reach a new all-tile high, with the Sensex up 145.52 points or 0.18 percent at 80,664.86, and the Nifty up 84.55 points or 0.35 percent at 24,586.70. Indian equity indices opened higher.
Sectors and stocks
ONGC, Shriram Finance, SBI Life Insurance, Bajaj Auto, and SBI gained on the Nifty, while LTIMindtree, Asian Paints, Grasim Industries, Tata Steel, and Axis Bank lost.
BSE midcap index rose 1%, smallcap index 0.2%, and over 300 stocks reached 52-week highs, including Wipro, Tech Mahindra, Grasim Industries, ONGC, SBI Life Insurance, Dr Reddy’s Labs, Britannia Industries, Castrol, and more.
Outlook 16 July
The Index closed at 24,586.70 with gains of 84.55 points, with PSU Bank leading the way. Mid and Smallcaps outperformed the Frontline Index.
A DOJI candlestick pattern suggests a reversal, but a strong uptrend could be a buying opportunity.
The index remained sideways, forming a doji pattern, with potential near-term panic if it falls below 24,520, and resistance at 24,650, indicating further upside.
| FII Bought | 2,684.78 Cr |
| DII Sold | -331.00 Cr |
Indian Market Stocks
| Sensex | 145.52 | +0.18% | 80,664.86 |
| Nifty 50 | 84.55 | +0.35% | 24,586.70 |
| Nifty Bank | 177.00 | +0.34% | 52,455.90 |
Market Movers
| ONGC | 15.40 5.01% | LTIMindtree | -94.50 -1.70% |
| SBI Life Insura | 50.60 3.24% | Asian Paints | -42.65 -1.42% |
| Shriram Finance | 87.90 3.15% | Grasim | -40.00 -1.41% |
| Dr Reddys Labs | 200.00 3.03% | Tata Steel | -1.93 -1.14% |
| Bajaj Auto | 242.60 2.57% | Axis Bank | -9.85 -0.75% |
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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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