The equity benchmark indices BSE Sensex and NSE Nifty continued their upward momentum on Monday, July 15. The Sensex climbed 146 points to settle at an all-time high of 80,665.86, while the Nifty rose 85 points to close at a record 24,586.70. Notably, the Nifty index crossed the 24,600 mark for the first time, reaching an intraday high of 24,635.
Sectoral and index performances
Nifty bank index: Surged 177 points, closing at 52,456.
Midcap index: Saw a robust gain of 491 points, ending at 57,664.
PSU bank sector: Emerged as the top gainer among sectoral indices, while the IT sector closed lower.
Top gainers and losers
Gainers: State Bank of India, NTPC, UltraTech Cement, ITC, Mahindra & Mahindra, and Maruti Suzuki India from the Sensex basket saw significant gains.
Laggards: Asian Paints, Tata Steel, Axis Bank, Tata Consultancy Services, Tech Mahindra, and Titan Company were the biggest laggards.
IT and tech sector movements
Despite early profit booking, IT stocks ended 2% off their highs. HCLTech, after a slight beat in its Q1 earnings, fell 4% from its highs but managed to close in the green. HDFC Life reported mixed earnings, leading to a minor gain for the stock, while HDFC AMC ended the session positively following an in-line Q1 report.
Oil and gas sector
Oil and gas stocks performed strongly, with ONGC emerging as the top Nifty gainer, rising 4%. Midcap stocks continued to attract buying interest, with market breadth favoring advances.
Notable individual stock movements
SBI, ONGC, NTPC, and ITC: Major contributors to the Nifty's upside.
Tyre stocks: Experienced a rally following MRF's announcement of a price hike, with stocks rising up to 5%.
Vodafone idea: Climbed 4% as the Supreme Court agreed to hear its plea in the AGR case.
Aurobindo pharma: Rose 4% after announcing a share buyback plan.
IREDA: Hit a record high post its Q1 results, closing 2% higher.
Zen Tech: Reached the 5% upper circuit following the launch of a new AI tech product.
Zomato: Hit a record high after increasing its platform fee, pushing its market capitalisation above Rs 2 lakh crore.
Antony Waste: Rose 5% in response to a healthy quarterly business update.
Varun Beverages: Gained 3% after agreeing with a PepsiCo company.
Market capitalisation
The market cap of BSE-listed companies reached a record high of ₹455 lakh crore ($5.45 trillion).
Previous session recap
On Friday, the BSE benchmark jumped 622 points or 0.78%, to settle at a record closing level of 80,519.34. During the day, it zoomed 996.17 points or 1.24% to hit an all-time high of 80,893.51. The NSE Nifty surged 186.20 points, or 0.77.
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