Sensex and Nifty News: Markets End Flat Amid Mixed Global Cues; PSU Banks, IT Stocks Shine

Market Performance

On Wednesday, July 16, the Indian stock market indices Sensex and Nifty 50 ended on a flat note, reflecting investor caution amid global uncertainties.

• Sensex closed 63.57 points or 0.08% higher at 82,634.48
• Nifty 50 settled 16.25 points or 0.06% higher at 25,212.05

Both indices recovered from intraday lows, supported by buying in IT and PSU banking stocks.

• Sensex day's high: 82,784.75
• Sensex day's low: 82,342.94

Broader markets showed resilience:

• BSE Midcap Index: Up by 0.10%
• BSE Smallcap Index: Gained 0.28%

The overall BSE market capitalisation reached ₹461 lakh Crore, marginally higher than the previous session's ₹460.3 lakh Crore.

Main News

Top Gainers – Nifty 50

• Mahindra & Mahindra: +2.38%
• Wipro: +2.18%
• Tech Mahindra: +1.87%

Top Losers – Nifty 50

• Shriram Finance: -2.37%
• Eternal: -1.63%
• Sun Pharma: -1.36%

Sectoral Indices Snapshot

• Nifty PSU Bank Index: +1.81%
  • Major gainers: PNB, Punjab & Sind Bank, Canara Bank (up nearly 2% each)
• Nifty Media Index: +1.31%
• Nifty IT Index: +0.63%
• Nifty Realty Index: +0.50%
• Nifty FMCG Index: +0.45%
• Nifty Auto Index: +0.44%
• Nifty Bank Index: +0.28%
• Private Bank Index: +0.03% (nearly flat)

The rally in PSU banks and IT stocks provided strong intraday support to the indices.

Company Details & Volume Buzz

Most Active Stocks by Volume (NSE)

• Vodafone Idea: ~63 Crore shares traded
• Jaiprakash Power Ventures: ~32.21 Crore shares
• Network18 Media & Investments: ~31.84 crore shares

Stocks That Surged Over 10%

Among the 12 stocks that jumped more than 10%:

• 20 Microns
• Fischer Medical Ventures
• Magellanic Cloud
• Deccan Cements
• Bluspring Enterprises

Upper Circuit Hitters (NSE)

• A total of 96 stocks hit their upper circuits
• Notables: SMS Lifesciences India, Shilpa Medicare, Venus Remedies, Godavari Biorefineries, Esconet Technologies

Lower Circuit Stocks

• Around 60 stocks touched their lower circuits
• Examples include: Hindustan Motors, Rajoo Engineers, Monolithisch India, Smarten Power Systems, TechEra Engineering (India)

Advance-Decline Ratio

Out of 4,218 stocks traded on the BSE:

• 2,338 advanced
• 1,718 declined
• 162 remained unchanged

This indicates a moderately positive breadth in the broader market.

52-Week High Stocks

A total of 145 stocks hit their 52-week highs on the BSE, including:

• Biocon
• MRF
• HDFC Asset Management Company

Summary of the Article

• Sensex and Nifty ended flat on July 16, posting minor gains for the second consecutive session.
• Stock-specific action dominated due to mixed global cues, valuation concerns, and a cautious earnings outlook.
• IT and PSU bank stocks led intraday recoveries, while FIIs showed buying interest, and volatility eased.
• Broader market indices remained firm, with notable performances from mid and small-cap segments.
• A favorable advance-decline ratio, strong sectoral contributions, and momentum in high-volume stocks indicate underlying strength, despite headline indices appearing flat.