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Jul 22, 2021 4:50 PM

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

The market witnessed a robust pullback rally on the weekly expiry day after witnessing a sharp correction in the last three sessions. Today, after a strong gap up opening indices maintained strong momentum throughout the day. Technically, the short-term texture of the market is still on the downside. However, today's sharp bounce back indicates the pullback rally is likely to continue if Nifty succeed to trade above 20 days SMA or 15,750 level. We are of the view that 15,750 and 15,700 levels would act as crucial support levels for Nifty. Above the same, the pullback rally is likely to continue up to 15,880-15,920 levels. On the other side, below 15,700, the uptrend texture would be vulnerable.

Jul 22, 2021 4:49 PM

Nagaraj Shetti, Technical Research Analyst, HDFC Securities

A sharp comeback of bulls on Thursday after a few sessions of decline seems to have changed the negative sentiment of a short term trend. Further sustainable upside above 15,880 levels is likely to confirm another attempt of new all-time highs above 15,960 levels in the near term. Any failure to sustain the highs could trigger a downward correction from the lower top. Immediate support is placed at 15,725.

Jul 22, 2021 4:48 PM

Here are key stocks that moved the most on July 22

All the sectoral indices ended in the green with Nifty Metal rising the most 3 percent followed by realty, banks, IT, financial services and pharma indices.

Jul 22, 2021 4:47 PM

Ajit Mishra, VP - Research, Religare Broking

Markets recovered strongly and gained over a percent, after trading subdued for the last three consecutive sessions. Upbeat global markets triggered a gap up start which strengthened further as the day progressed. Markets are currently dancing to the global tunes and earnings announcements are further adding to the volatility. As the signals are still mixed, we expect volatile swings to continue. Keeping in mind the scenario, we reiterate our cautious view and suggest keeping a check on leveraged positions.

Jul 22, 2021 4:30 PM

Deepak Jasani, Head of Retail Research, HDFC Securities

Indian equity markets jumped sharply after a three day fall following a bounce in the global markets and return of risk appetite. The Nifty scored the biggest one day gain in 2 months. Global markets were higher Thursday ahead of the European Central Bank meet for a second day as optimism about an economic recovery appeared to outweigh concerns over rising coronavirus cases and inflation. Nifty is on the cusp of the downgap area formed on July 19. If this downgap is filled and we move above 15,883, then the path to further upmove opens up towards 15,915-15,962 band.

Jul 22, 2021 4:20 PM

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

USDINR spot touched an intra-day low of 74.33, the lowest level since 5th July. However, alleged intervention from RBI pulled it back towards 74.47 by close of trading, still down 15 paise for the day. NSE USDINR July futures are also trading 16 paise up from their intra-day low of 74.36, currently at 74.51, down 19 paise for the day. All eyes are on ECB meeting tonight. Over the near term, USDINR may continue to oscillate within a range of 74.20-74.60, bracketed by RBI's demand for $ and risk on mood globally.

Jul 22, 2021 4:11 PM

Rupee At Close | The Indian rupee ended 15 paise higher at 74.46 per dollar, amid buying in the domestic equity market. The local currency opened 18 paise higher at 74.43 per dollar against Tuesday’s close of 74.61 and traded in the range of 74.32-74.52.

Jul 22, 2021 3:59 PM

Ashis Biswas, Head of Technical Research at CapitalVia Global Research

The market witnessed some positive movements and an attempt to hold the support level around the Nifty50 Index level of 15,800. It is going to be crucial for the short-term market scenario to sustain above the 15,800 Nifty50 Index level. Sustaining above 15,800, the market expects to gain momentum, leading to an upside projection till 15,900-15,950 level. Technical indicators suggest, a volatile movement in the market in a small range. The traders to refrain from building a fresh buying position, until the market sees any further decisive movement.

Jul 22, 2021 3:55 PM

Market At Close | HUL, Asian Paints & Bajaj Auto Drag

Jul 22, 2021 3:53 PM

Market At Close | Market Breadth Favours Advances; Advance-Decline Ratio At 2:1

Jul 22, 2021 3:52 PM

Market At Close | Sensex & Nifty Close At Day’s High While Nifty Bank Ends Off Highs

Jul 22, 2021 3:52 PM

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

- Sensex & Nifty Close At Day’s High While Nifty Bank Ends Off Highs

- Infosys, ICICI & Reliance Lift Nifty While HUL, Asian Paints & Bajaj Auto Drag

- Nifty Closes 192 Points Higher At 15,824 & Sensex 649 Points Higher At 52,847

- Nifty Bank Rises 262 Points To 34,677 & Midcap Index 311 Points To 27,538

- Market Breadth Favours Advances; Advance-Decline Ratio At 2:1

- Metal Cos Bounce Back On Optimism Over Robust Earnings; JSW Steel Top Nifty Gainer

- Bharti Airtel Amongst Top Nifty Gainers After Co Rejigs Its Postpaid Plans

- Bajaj Fin & Bajaj Finserv Surge Despite Reporting Lower-than-expected Earnings

- UltraTech, Bajaj Auto & HUL See Profit Booking After Q1 Earnings

- Reliance Ind Closes 1% Higher Ahead Of Earnings Tomorrow

- Jubilant Food, Havells & ICICI Pru Closes With Healthy Gains Post Strong Earnings

- Unlock Theme Stocks (AB Fashion, Trent) Surge In Trade, Up 5-7%

- Muthoot & Manappuram Finance Amongst Top Midcap Gainers, Up 5-7%

- IDFC Surges 12% After RBI’s Clarification On Promoter’s Exit From IDCF First Bank

- Jindal Stainless, Vardhman Special Move 17-19% On Cabinet Nod For Seciality Steel PLI

Jul 22, 2021 3:36 PM

Closing Bell | The Indian equity benchmark indices ended higher Thursday led by strong gains across the board amid positive global cues. The Sensex jumped 638.70 points, or 1.22 percent, to end at 52,837.21, while the Nifty closed 191.95 points, or 1.23 percent, higher at 15,824.05. Broader markets supported the rally with smallcap and midcap indices closing over 1 percent higher each.

All the sectoral indices ended in the green with Nifty Metal rising the most 3 percent followed by realty, banks, IT, financial services and pharma indices.On the Nifty50, JSW Steel, Tech Mahindra, Bajaj Finance, Bharti Airtel and Tata Steel were the top gainers, while Hindustan Unilever, Asian Paints, Bajaj Auto, Cipla and Mahindra & Mahindra wer the top losers.

Jul 22, 2021 3:35 PM

Mutual Fund Corner: SWOT analysis of hybrid funds

In 2018, when market regulator the Securities and Exchange Board of India (SEBI) undertook the reclassification of mutual fund categories, the erstwhile balanced funds was split into 6 distinct categories which have varying risk appetites and the name was changed to hybrid - because they have a mix of equity and debt. The hybrid universe itself is a little shy of Rs 4 lakh crores but growing consistently. In June itself, there was a big bump up in flows compared to the previous months. In fact, on a month basis, more money is coming into the hybrid category compared to the mainstream equity funds. R Sivakumar, Head-Fixed Income, Axis AMC and Anupam Tiwari, Fund Manager-Equity, Axis AMC spoke to CNBC-TV18 to talk about flows into hybrid fund in the month of June, and do a SWOT analysis of hybrid funds. Watch here.

Jul 22, 2021 3:26 PM

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