Dear Trader…
Indian equity markets ended on a positive note on July 21, despite experiencing notable intraday volatility. At the close, the Sensex rose by 442.61 points or 0.54% to settle at 82,200.34, while the Nifty future gained 95.30 points or 0.38%, closing at 25,127.60. Among the top gainers on the Nifty were Eternal, ICICI Bank, HDFC Bank, HDFC Life, and M&M, while the laggards included IndusInd Bank, Reliance Industries, Wipro, HCL Tech, and Eicher Motors. Meanwhile, India VIX, the volatility index, declined by 1.67% to 11.20, reflecting easing fear in the market but continued caution.
Nifty futures opened at 24969 points against the previous close of 25032 and opened at a low of 24920 points. Nifty Future closed with an average movement of 219 points and a rise of around 95 points and 25127 points…!!
On the NSE, the midcap 100 index will rise 0.62% and smallcap 100 index is closing decline 0.01%. Speaking of various sectoral indices only PSU Bank, FMCG, IT, Pharma and Healthcare stocks were seen selling on the NSE, while all other sectoral indices closed higher.
At the start of intra-day trading, August gold opened at Rs.98210, fell from a high of Rs.98744 points to a low of Rs.9850 with a rise of 663 points, a trend of around Rs.98687 and September Silver opened at Rs.1,13,071, fell from a high of Rs.1,14,100 points to a low of Rs.1,12,820 with a rise of 850 points, a trend of around Rs.1,13,800.
Meanwhile, On the global front, India and US concluded the fifth round of negotiations for the proposed Bilateral Trade Agreement (BTA), with key issues such as agriculture and automobiles still unresolved. Markets would be closely following further trade talks over the coming weeks, as both nations aim for a deal before the August 1 deadline. We expect the market to remain range-bound, tracking quarterly earnings outcome and developments on the India-US trade deal. Key results scheduled for Tuesday include Colgate, JSW Infra, Dixon tech, Paytm amongst others. The securities quoted are for illustration only and are not recommendatory.
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