Sensex and Nifty News: Indices Rebound Sharply as Banking Stocks Lead the Rally

Market Performance

India’s equity benchmarks staged a strong comeback on Monday, July 21, snapping a two-day losing streak.

• Sensex surged by 442.61 points or 0.54% to settle at 82,200.34
• During intraday trade, it rose as much as 516.3 points
• Nifty 50 climbed by 122.30 points or 0.49% to close at 25,090.70

Both indices were lifted by solid gains in key banking stocks following their earnings announcements.

Main News

The market momentum was driven by heavy buying in financials and positive cues from global markets.

Key Factors Behind the Surge:

• ICICI Bank shares rose 3% after Q1 net profit jumped 15.9% YoY to ₹13,558 crore
• HDFC Bank gained over 2%, despite a slight dip in consolidated profit to ₹16,258 crore
• Foreign Institutional Investors (FIIs) were net buyers, purchasing equities worth ₹374.74 crore
• Positive movement in Asian markets and stable Wall Street Futures supported investor sentiment

Company Details

Top Gainers (Nifty 50)

• Eternal: +7.50%
• ICICI Bank: +2.71%
• HDFC Bank: +2.25%

Top Losers (Nifty 50)

• Reliance Industries: -3.24%
• Wipro: -2.27%
• IndusInd Bank: -2.19%

Sector-Wise Performance

The banking sector was the star performer, leading the rebound in major indices.

• Nifty Financial Services: +1.62%
• Nifty Bank: +1.19%
• Nifty Private Bank: +1.26%
• Nifty Metal Index: +1.03%
• Nifty FMCG Index: -0.50%
• Nifty PSU Bank Index: -0.62%

Market Statistics

BSE Market Cap Movement:

• Market cap rose from ₹458.4 lakh crore to ₹460 lakh crore
• Investors gained nearly ₹2 lakh crore in a single session

Midcap & Smallcap Index

• BSE Midcap Index: +0.55%
• BSE Smallcap Index: Flat

Volume Leaders on NSE

• Vodafone Idea: 22.83 crore shares
• YES Bank: 12.68 crore shares
• Jaiprakash Power Ventures: 12.56 crore shares

Stocks with Over 10% Surge

• Tainwala Chemical and Plastic
• Astec LifeSciences Ltd-RE
• Orissa Bengal Carrier
• Saurashtra Cement
• Anuh Pharma

Upper Circuit Hits (NSE)

• Total Stocks Hitting Upper Circuit: 87
• Key stocks: Paramount Dye Tec, IFB Agro Industries, Electrotherm (India), Websol Energy System

Lower Circuit Hits (NSE)

• Total Stocks Hitting Lower Circuit: 76
• Notable: Jaiprakash Associates, Brightcom Group, Indo Thai Securities

Advance-Decline Ratio (BSE)

• Advancing Stocks: 1,959
• Declining Stocks: 2,188
• Unchanged: 180

Stocks Hitting 52-Week Highs

• HDFC Asset Management Company
• UltraTech Cement
• Muthoot Finance
• Schaeffler India
• UPL

Total number of stocks reaching 52-week highs: 161

Summary of the Article

The Sensex and Nifty posted a sharp rebound on July 21, buoyed by banking majors ICICI Bank and HDFC Bank, which posted strong Q1 results. The rally was further supported by foreign inflows, positive global cues, and broad-based sectoral gains in financials and metals. Market cap gains of ₹2 lakh crore highlight strong investor interest, while the advance-decline ratio shows a mixed undertone in broader markets.