The Indian stock market ended Tuesday's trading session (July 22) on a subdued note as investors grappled with weak global cues and sector-wide selloffs. Despite a strong start to the week, both Sensex and Nifty closed marginally lower, weighed down by a mix of profit booking and muted investor sentiment.
Market Performance
- Sensex closed at 82,186.81, down 13.53 points or 0.02%
- Nifty 50 ended at 25,060.90, down 29.80 points or 0.12%
- BSE Midcap Index declined by 0.62%
- BSE Smallcap Index dropped by 0.17%
Markets struggled to sustain early gains, with significant pressure building across multiple sectors, particularly midcaps and smallcaps, which underperformed throughout the session.
Main News
Flat Close Driven by Mixed Stock Movements
While gains in select heavyweights like Eternal, ICICI Bank, and HDFC Bank provided some support, losses in Reliance Industries, Larsen & Toubro, ITC, and SBI offset any upward momentum.
The market appeared to be reacting to ongoing concerns regarding quarterly earnings, high valuations, and lack of clarity on the India-US trade deal, dampening the risk appetite.
Company Highlights
Top Gainers in Sensex
- Eternal: + 10.56%
- Titan: + 1.08%
- BEL (Bharat Electronics): + 0.72%
Top Losers in Sensex
- Tata Motors: - 2.04%
- Adani Ports: - 1.93%
- SBI: - 1.12%
Sectoral Indices Overview
Most sectoral indices closed in the red:
- BSE Realty: - 1%
- BSE Telecom: - ~1%
- BSE Auto: - ~1%
- Nifty PSU Bank Index: - 1.57%
- Nifty Bank: - 0.35%
- Nifty Media: - 2.5%
- Pharma Index: - 0.9%
This broad-based selloff across sectors kept markets from rebounding despite early signs of strength.
High Volume Stocks on NSE
The following stocks saw the highest trading volumes:
- Vodafone Idea: 22.83 crore shares
- YES Bank: 12.67 crore shares
- Jaiprakash Power Ventures: 12.56 crore shares
Stocks with Significant Gains Over 10% (BSE)
Several companies defied the market trend and posted double-digit gains:
These stocks stood out amid overall market weakness, attracting strong investor interest.
Stocks with Declines Over 10% (BSE)
Some stocks experienced sharp falls:
Losses above 10% highlighted heightened volatility and profit booking in smaller counters.
Advance-Decline Ratio on BSE
- Advancing Stocks: 1,790
- Declining Stocks: 2,231
- Unchanged: 177
This negative ratio indicates widespread selling pressure and lack of broader market support.
52-Week Highs and Lows on BSE
Stocks Hitting 52-Week Highs
Over 150 stocks reached their 52-week highs. Notable mentions include:
- Eternal
- ICICI Bank
- Shree Cement
- UPL
- Ramco Cements
- Vishal Mega Mart
- Fortis Healthcare
- Aadhar Housing Finance
Stocks Hitting 52-Week Lows
These sharp contrasts show a market in flux, with pockets of strength amid broader weakness.
Noteworthy Individual Stock Movements
- Godavari Biorefineries: + 5% on securing Chinese patent for anti-cancer molecule
- SML Isuzu: + 10%, net profit rose 44% YoY to ₹67 crore
- Rajoo Engineers: - 2.5% post QIB share allotment
- Piramal Pharma: - 3% on Thane unit divestment
- 360 ONE WAM: - 6% post large block deal
These specific movements reflect company-centric developments rather than sector-wide trends.
Summary of the Article
On July 22, the Indian equity markets ended flat in a volatile session dominated by weak global signals and broad-based selling. The Sensex and Nifty 50 showed minimal movement but remained under pressure due to underperforming midcap and smallcap stocks, sectoral weakness, and muted investor enthusiasm.
While some heavyweight gainers like Eternal and ICICI Bank helped cushion losses, most sectors and stock categories experienced downward trends. Over 150 stocks still managed to hit 52-week highs, suggesting selective strength.
However, widespread declines, a poor advance-decline ratio, and lack of direction due to external trade uncertainties left the markets largely range-bound.
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