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Sensex, Nifty 50 snap 2-day losing run led by banking heavyweights— 10 key highlights from Indian stock market today

Sensex, Nifty 50 snap 2-day losing run led by banking heavyweights— 10 key highlights from Indian stock market today

Mint4 days ago
Strong gains in banking heavyweights like HDFC Bank and ICICI Bank helped the Indian market benchmarks — the Sensex and Nifty 50 — rebound on Monday, July 21, ending a two-day losing streak amid mixed global cues.
The Sensex rose 443 points, or 0.54 per cent, to close at 82,200.34, while the Nifty 50 ended 122 points, or 0.49 per cent, higher at 25,090.70.
The BSE Midcap index rose 0.55 per cent, in sync with the benchmark index. However, the BSE Smallcap index ended flat.
The overall market capitalisation of BSE-listed firms rose to ₹ 460 lakh crore from ₹ 458.4 lakh crore in the previous session, making investors richer by nearly ₹ 2 lakh crore in a single session.
Market benchmarks ended with decent gains, led by gains in banking heavyweights HDFC Bank and ICICI Bank after their Q1 results came better than expected. Shares of Eternal also contributed significantly to the benchmarks' rally ahead of the company's Q1 results.
However, a fall of over 3 per cent in Reliance shares capped the gains for the benchmarks. TCS, ITC, and HUL were other significant drags.
Global cues were largely mixed, as Trump tariffs remain a key concern for markets globally.
"Positive results from banking majors supported the market to rebound after many days of consolidation. The market remains highly reactive to earnings, indicating that investors remain focused on the earnings front to aid valuation. The manufacturing segment gained today as the government is reviewing the scope of expanding the infrastructure spending to support growth," Vinod Nair, Head of Research, Geojit Investments Limited, observed.
(This is a developing story. Please check back for fresh updates.)
Read all market-related news here
Read more stories by Nishant Kumar
Disclaimer: This story is for educational purposes only. The views and recommendations expressed are those of individual analysts or broking firms, not Mint. We advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and circumstances may vary.
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Trump arrives in Scotland for golf and bilateral talks ahead of EU trade deal
Trump arrives in Scotland for golf and bilateral talks ahead of EU trade deal

India Today

time6 minutes ago

  • India Today

Trump arrives in Scotland for golf and bilateral talks ahead of EU trade deal

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Companies in Hyde are really lucky to have Genome Valley: Estonian Ambassador to India Ms Marje
Companies in Hyde are really lucky to have Genome Valley: Estonian Ambassador to India Ms Marje

United News of India

time34 minutes ago

  • United News of India

Companies in Hyde are really lucky to have Genome Valley: Estonian Ambassador to India Ms Marje

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Investors eye possible US-Europe trade deal as deadline looms
Investors eye possible US-Europe trade deal as deadline looms

Mint

time36 minutes ago

  • Mint

Investors eye possible US-Europe trade deal as deadline looms

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