Markets bounce again after falling in early commerce pushed by shopping for in ICICI Financial institution, HDFC Financial institution
A view of the Bombay Inventory Trade in Mumbai. File
| Picture Credit score: Reuters
Fairness benchmark indices Sensex and Nifty dropped in early commerce on Monday (July 21, 2025), however shopping for within the blue-chip shares ICICI Financial institution and HDFC Financial institution helped the markets recuperate all of the early misplaced floor.
The 30-share BSE Sensex declined 148.68 factors to 81,609.05 in early commerce regardless of a constructive begin. The 50-share NSE Nifty dropped 67.55 factors to 24,900.85.
Later, each the benchmark indices bounced again and had been buying and selling within the inexperienced. The BSE benchmark quoted 181.30 factors larger at 81,944.67, and the Nifty traded 36.75 factors up at 25,009.10.
From the Sensex corporations, ICICI Financial institution traded over 2% larger after the corporate posted a 15.9% leap in its consolidated web revenue for the June quarter to ₹13,558 crore in comparison with ₹11,696 crore within the year-ago interval.
HDFC Financial institution additionally climbed over 2% regardless of the agency reporting a 1.31% decline in its consolidated web revenue to ₹16,258 crore for the June 2025 quarter.
Tata Metal, UltraTech Cement, Everlasting and Bajaj Finance had been additionally buying and selling larger.
Nonetheless, Axis Financial institution, Reliance Industries, Infosys, HCL Applied sciences, Tech Mahindra, Mahindra & Mahindra, Titan and Tata Consultancy Providers had been among the many laggards.
India’s most respected firm Reliance Industries declined practically 2% even after the agency reported its highest-ever quarterly revenue of ₹26,994 crore for the April-June quarter, reflecting a progress of 78.3% over the year-ago interval, pushed by shopper companies and funding gross sales.
“The one most necessary issue which the market will likely be specializing in within the coming days would be the final result of the commerce talks between the U.S. and India. If an interim commerce deal between the 2 nations is reached with a tariff charge of lower than 20% on India, that might be constructive from the market perspective. Weekend Q1 outcomes had been good with ICICI Financial institution reporting one of the best numbers, significantly in PAT and credit score progress. HDFC Financial institution additionally reported a gentle set of numbers,” VK Vijayakumar, Chief Funding Strategist, Geojit Investments Restricted, mentioned.
In Asian markets, South Korea’s Kospi and Hong Kong’s Grasp Seng traded in constructive territory.
The U.S. markets ended on a blended observe on Friday (July 18, 2025).
Overseas Institutional Traders (FIIs) purchased equities price ₹374.74 crore on Friday (July 18, 2025), in line with change information.
International oil benchmark Brent crude climbed 0.17% to $69.40 a barrel.
On Friday (July 18, 2025), the Sensex tanked 501.51 factors or 0.61% to settle at 81,757.73. The Nifty dropped 143.05 factors or 0.57percentt to shut at 24,968.40.
Printed – July 21, 2025 10:25 am IST