Market At Close | Here are the highlights of today's trading session

- Market Closes In The Green, Led By Metals, RIL & SBI

- Sensex Rises 191 Points To 52,634 & Nifty 69 Points To 15,778

- Nifty Bank Gains 159 Points To 34,692 & Midcap Index 197 Points To 27,512

- Metal Stocks Surge On China’s Increase In Export Tariffs From August

- Nifty Metal Rises 5% With Stocks Moving Higher In The Range Of 5-10%

- Hindalco, Tata Steel, SBI, Bajaj Finserv, Tata Motors Top Nifty Gainers

- Maruti Suzuki Closes2% Lower After Reporting A Weak Set Of Earnings

- Bharti Airtel Closes Lower After Losing Subscribers For The 1st Time Since June 2020

- PSU Banks Surge After A Strong Set Of Earnings From Union Bank

- Nalco, L&T Info, Coforge, Vedanta, L&T Tech, SAIL Top Midcap Gainers

- Colgate & LIC Housing Fin Fall Over 4% Each After Lower-than-expected Q1 Earnings

- Market Breadth Favours Advances; Advance-Decline Ratio At 3:2

Jul 29, 2021 3:39 PM

Thank you, readers! That's all from CNBC-TV18.com's live market coverage today. Please do log in again tomorrow for another day of market coverage. Stay Safe!

Jul 29, 2021 4:43 PM

Ajit Mishra, VP - Research, Religare Broking

Markets traded firm and gained over half a percent on the day of monthly derivatives expiry. The dovish monetary policy from the US Fed boosted sentiment and triggered a gap-up start. The benchmark inched gradually higher as the session progressed however buying was restricted to select index majors. Consequently, the Nifty index ended with decent gains of 0.5% to close at 15,778 levels It’s prudent to stick with a stock-specific trading approach until we see a decisive trend in the index. Earnings combined with global cues will continue to dictate the trend.

Jul 29, 2021 4:43 PM

Deepak Jasani, Head of Retail Research, HDFC Securities

Nifty witnessed a small high low range of 80 points on July 29 despite it being an F&O expiry day. In terms of index, the markets are finding it difficult to breach near term highs. However, the broader market continues to do well, boosted partly by Q1FY22 results. Nifty could remain in the 15,701-15,856 band for the next 1-2 sessions.

Jul 29, 2021 4:36 PM

Nagaraj Shetti, Technical Research Analyst, HDFC Securities

The short term trend of Nifty seems to have reversed up, but the momentum on the upside is yet to pick up. A decisive move above 15,810 levels is likely to pull the market towards 15,900 in the next couple of sessions. Intraday support is placed at 15,715.

Jul 29, 2021 4:35 PM

Shrikant Chouhan, Executive Vice President, Equity Technical Research, Kotak Securities

On the monthly F&O expiry day, the market witnessed a smart pullback rally, although the July 2021 series has been volatile with a momentum of nearly 450 points. While the sectoral performance in the current month series was mixed with realty and metal indices gaining over 13 per cent, auto and energy indices lost ground and shed nearly six per cent. Technically, for the bulls 20-days SMA or 15,820 on the Nifty would be the key resistance level for the market. On the flip side, 50-days SMA or 15,650 could be the strong support zone. The texture of the chart suggests that trading below 20-days would increase further weakness, while on the other side uptrend wave could continue up to 15,900 if Nifty succeed to trade above 15,820 levels.

Jul 29, 2021 4:17 PM

Anindya Banerjee, DVP, Currency Derivatives & Interest Rate Derivatives at Kotak Securities

Last night, the US central bank's dovish tone did not go down well with USD bulls. As a result, we have seen an across-the-board sell-off in US Dollar against major currencies globally. However, against the Rupee the losses were modest due to heavy intervention from RBI. Spot USDINR closed 9 paise lower at 74.28. Bias continues to be downward. Over the near term, we may see USDINR trading within a range of 74.00-74.55 on spot.

Jul 29, 2021 4:16 PM

Manish Shah, Founder, Niftytriggers.com

Expiry of July 2021 saw Nifty closing at the lowest range. It seems likely that a move above 15,950 did not manifest this month maybe it has a date with an August expiry. Nifty saw a green candle and this sort of confirms the previous day’s hammer. The support at rising 50-day moving average holds and Nifty has moved above the rising 20-day moving average. For Nifty 15,950 is a major resistance barrier, and it needs to break above the zone with a strong momentum candle. Before this happens Nifty has to face resistance at the gap up area between15,830-15,880. From the look of it, a close above 15,880 could be an early signal that the Nifty could see a resumption of an up-trending phase.

Jul 29, 2021 4:16 PM

Sumeet Bagadia, Executive Director, Choice Broking

Finally, the bulls came into action after a three-day fall. On the technical front, the index has been trading in higher highs and lower lows formation and taken support at lower Bollinger Band formation & 50-days SMA, which suggests a bounce back in the upcoming session. However, the Nifty index is struggling in a range of 15,700-15,900 and either side breakout will decide the further direction. At present, Nifty is finding resistance around 15,960 levels while on the downside, support is intact at 15,600 levels.

Jul 29, 2021 4:05 PM

Market At Close | Market closes in the green, led by metals, RIL & SBI; Market breadth favours advances; advance-decline ratio at 3:2.

Jul 29, 2021 4:00 PM

Ashis Biswas, Head of Technical Research at CapitalVia Global Research

The market witnessed a swift recovery after yesterday’s fall. The market suggests 15,800 will be an important support level in the short-term perspective. If the market sustains above the level of 15,800, the market expects to gain momentum, leading to an upside projection of 15,950 levels. The momentum indicators like RSI and MACD recovered from their respective oversold zone and support the upside move and indicating potential upside from the current market level.

Jul 29, 2021 3:49 PM

Manish Hathiramani, Proprietary Index Trader and Technical Analyst, Deen Dayal Investments

No progress was made in the markets today. We continue to remain range-bound between 15,400 and 15,900. The volumes are tepid and the movements are lacklustre. Both these levels are crucial in paving the way forward. A break on either end can result in a 300 point move!

Jul 29, 2021 3:41 PM

Rupee At Close | The Indian rupee ended 9 paise higher at 74.28 per dollar amid buying in the domestic equity market. The local unit opened marginally higher at 74.32 per dollar against the previous close of 74.37 and trade in the range of 74.22-74.33.

Jul 29, 2021 3:41 PM

Closing Bell | The Indian equity indices, Sensex and Nifty ended higher Thursday led by gains in metals and IT stocks amid positive global cues. The Sensex gained 209.36 points, or 0.40 percent, to end at 52,653.07, while the Nifty closed 69.05 points, or 0.44 percent, higher at 15,778.45. Broader indices, midcap and smallcap indices supported the rally, gaining over half a percent higher each.

Among sectoral indices, Nifty Metal surged the most over 5 percent, followed by IT, PSU Bank and realty indices. Nifty FMCG, Nifty Auto and Nifty Pharma sectors ended in the red. Hindalco Industries, Tata Steel, SBI, Bajaj FInserv and JSW Steel led gains among Nifty50 constituents, while Maruti Suzuki, PowerGrid Corporation, Bajaj Auto, ITC and Coal India were the top index losers.

Jul 29, 2021 3:34 PM

Market Watch: Amisha Vora, Joint MD, Prabhudas Lilladher

I still feel public sector bank being State Bank of India (SBI) and private sector bank like ICICI Bank and Axis Bank still offer very good value and they should continue to give very good appreciation. IT sector will continue to be good. Capital goods as a segment is definitely a place to be.

Jul 29, 2021 3:25 PM

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