Share Market Highlights: Sensex ends 246 pts higher, Nifty above 16300; ICICI Bank, Axis Bank lead gains

Share Market News Today | Sensex, Nifty, Share Prices Highlights: Benchmark indices ended higher. The S&P BSE Sensex surged 246 points higher to close at 54,768, while the NSE Nifty 50 reclaimed 16,300-mark to end at 16,341.

Share Market Highlights: Sensex ends 246 pts higher, Nifty above 16300; ICICI Bank, Axis Bank lead gains
Globally, Wall Street ended lower on Monday after bank stocks erased earlier gains. Asian markets are trading lower in morning deals, tracking weak US markets.

Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic benchmark indices managed to extend gains in a choppy session amid gains in PSU and select private banks, financial services, and select heavyweight stocks. The S&P BSE Sensex surged 246 points higher to close at 54,768, while the NSE Nifty 50 reclaimed 16,300-mark to end at 16,341. Axis Bank, IndusInd Bank, M&M, Tata Steel, Ultratech Cement, Bajaj Finserv, Bharti Airtel, SBI, Coal India, Eicher Motors, and ICICI Bank were the top gainers, up between 1-2.3 per cent. On the flipside, ONGC, Nestle India, HDFC Life, Sun Pharma, Tata Consumer, Cipla, Hero MotoCorp, and SBI Life were the laggards. The broader markets, however, outperformed the frontline indices. The BSE MidCap and Smallcap indices settled up to 0.8 per cent up. Meanwhile, the rupee breached the 80-mark against the dollar.

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Share Market Today | Sensex, Nifty, BSE, NSE, Share Prices, Stock Market News Live Updates 19 July 2022 Tuesday

15:55 (IST) 19 Jul 2022
Stocks to buy: Charts suggest Titan and Abbott India shares are gearing for breakout, check target prices

Titan and Abbott Indian could be two shares that investors can add to their portfolio for gains over the next three months, said analysts at ICICI Direct. The brokerage firm has picked the two stocks as gladiator stocks, projecting a 10% upside potential as one of the stock readies for a technical breakout, meanwhile the other has provided a breakout above the falling channel, analysts say, which augurs well for an up-move. Sensex and Nifty continue to dance between gains and losses on a daily basis, faced with headwinds including inflation, rising interest rates, elevated commodity prices and much more. 

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15:39 (IST) 19 Jul 2022
Nifty, Sensex extend gains, end in green

Benchmark indices extended the rally with Nifty closing above 16,300. The BSE Sensex ended 246.47 points or 0.45% higher at 54,767.62, and the Nifty 50 was up 62 points or 0.38% at 16,340.50.

15:02 (IST) 19 Jul 2022
Delhivery share price hits highest level since listing

Shares of Delhivery surged 7 per cent to Rs 635 on the BSE in intraday trade on healthy business growth outlook. The stock of the logistics services provider was trading at its highest level since its stock exchange listing on May 24, 2022. In the past one month, the stock has zoomed 36 per cent, as compared to 6 per cent rise in the S&P BSE Sensex. At current levels, Delhivery is 30 per cent higher over its issue price of Rs 487 per share.

15:00 (IST) 19 Jul 2022
Rupee may fall to 81 against US dollar amid widening trade deficit, risk-off sentiments and FII outflows

The Indian Rupee depreciated further on Tuesday to breach the psychological mark of 80 for the first time ever. Amid tightening monetary conditions and risk-off sentiments as well as persistent outflows witnessed from the domestic markets, the local unit fell to fresh lifetime low of 80.05 against the US dollar in early trade, down 7 paise from the previous close. Significant dollar demand from oil importers amid elevated crude oil prices as well as concerns about swelling trade deficit have also been the key catalysts behind the steep descent seen in the rupee. The domestic currency has declined by about 25 per cent since December 31, 2014, and is nearing 80 against the greenback. 

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14:42 (IST) 19 Jul 2022
Investment via P-notes drops to Rs 80,092 crore in June

Investment in the Indian capital markets through participatory notes (P-notes) declined to Rs 80,092 crore till June-end, making it the lowest level in 20 months, on aggressive rate hike by the US Federal Reserve. With the continued global uncertainty and volatility, experts believe that investment through P-notes will be volatile in the near future. With the continued global uncertainty and volatility, experts believe that investment through P-notes will be volatile in the near future.

14:05 (IST) 19 Jul 2022
General Electric to separate healthcare, energy, and aviation business starting next year

General Electric has announced the much-awaited split of its various business units into three companies. The partition will see General Electric (GE) create separate companies over the next few years which will house its healthcare business and energy business, leaving GE with the aviation business. “Today marks a key milestone in GE’s plan to become three independent, laser-focused companies. Leveraging GE’s multi-billion-dollar global brand gives us a competitive advantage in our end markets, allowing these businesses to win in the future,” said H Lawrence Culp, Jr, Chairman and CEO, GE, and CEO, GE Aerospace. GE had announced last November that it will form three industry-leading, global public companies focused on the growth sectors of aviation, healthcare, and energy.

Read full story

13:58 (IST) 19 Jul 2022
Future Dollar expenses are deemed to become more expensive

With the Indian Rupee depreciating over 7% against the US Dollar this year, There is an urgent need to offset the effects of a depreciating rupee and that can be achieved by investing in global markets. The cost of financial goals to be realised in the US has exponentially increased. A combination of both increases the burden on aspirational Indian investors who are aiming to send their children abroad for higher education and make remittances for their living costs and other expenses and eat into one's savings if they are only invested in Domestic markets. Future Dollar expenses are deemed to become more expensive, which is why Indian investors must begin by parking a percentage of their portfolio in the Dollar via US ETFs and Stocks.

Raj Gandhi, Co-founder, DollarBull 

13:28 (IST) 19 Jul 2022
Sterlite Technologies share price jumps 2%

Sterlite Technologies bagged order worth Rs 250 crore for building Indian telecom operator’s optical network. Stock rose more than 2%

13:11 (IST) 19 Jul 2022
Indices marginally higher

Benchmark indices were trading in the green supported by auto, metal, realty, PSU banking names. The Sensex was up 136.06 points or 0.25% at 54657.21, and the Nifty was up 31.60 points or 0.19% at 16310.10.

13:10 (IST) 19 Jul 2022
GE Shipping rallies 11%, hits 52-week high

Shares of Great Eastern (GE) Shipping hit a 52-week high of Rs 459.20 as the stock rallied 11 per cent on the BSE in intra-day trade on the back of heavy volumes. The stock surpassed its previous high of Rs 445.50 that it had touched on May 18, 2022.

13:01 (IST) 19 Jul 2022
Immediate resistance is seen in the vicinity of 16400-16500

“Nifty Open Interest Put Call ratio fell to 1.36 level from 1.21 levels. Amongst the Nifty options (21-July Expiry), Put writing is seen at 16100-16200 levels,

Indicating Nifty is likely to find strong support in the vicinity of 16100 – 16200 levels. On the higher side, an immediate resistance is seen in the vicinity of

16400-16500 levels where we have seen Call writing.”

~HDFC Securities

12:49 (IST) 19 Jul 2022
USDINR (Spot) to trade with a positive bias

“Rupee fell as broader strengthen in the dollar continued ahead of the important FOMC policy statement that will be released next week. Expectation is that the Fed could raise rates by another 75bps and maintain a hawkish stance. On the domestic front, trade deficit continued to widen and that also is weighing on the rupee. We expect the USDINR (Spot) to trade with a positive bias and quote in the range of 79.70 and 80.20.”

~Gaurang Somaiya, Forex & Bullion Analyst, Motilal Oswal Financial Services

12:35 (IST) 19 Jul 2022
Eicher Motors, TVS Motor hit new 52-week highs on BSE; Aditya Consumer among stocks to touch new 52-week lows

BSE Sensex and NSE Nifty 50 were trading in green on Tuesday, after rising from day’s low touched in opening deals. Index heavyweights such as HDFC Bank, Axis Bank, ICICI Bank, Housing Development Finance Corporation (HDFC), among others, capped the losses and helped the index to turn green. So far in the day, BSE Sensex hit a day’s high of 54,698, and a low of 54,233. While NSE Nifty rose to a day’s high of 16,328.65, and low of 16,187.05. No stock on S&P BSE Sensex hit a fresh 52-week high or 52-week low so far in the day. Read full story

12:02 (IST) 19 Jul 2022
Nifty, Sensex trading flat

Benchmark indices were trading flat in the highly volatile session. The Sensex was up 28.44 points or 0.05% at 54549.59, and the Nifty was up 4.30 points or 0.03% at 16282.80.

11:51 (IST) 19 Jul 2022
Rupee depreciation on expected lines

“The rupee has been depreciating against the USD for a whole host of factors. Concerns around an economic slowdown in the US, Fed hiking rates, geopolitical tension between Russia-Ukraine, and a spike in oil prices have pushed INR to an all-time low. The US Fed hiking rates aggressively led to the dollar strengthening, and subsequently, FPIs pulled out funds from the Indian equity markets. FPIs have pulled out a record Rs 2.25 lakh crores from the Indian market in 2022 (YTD). The INR depreciation is on expected lines, though it has depreciated nearly 25% since 2014 the fall has been moderate if compared to other Asian currencies. A dollar strengthening leads to a weakening of other currencies as witnessed in 2020 and 2013. In fact, some of the major currencies like GBP, Euro, and Yen have depreciated more than the INR.”

~Nish Bhatt, Founder & CEO, Millwood Kane International

11:45 (IST) 19 Jul 2022
Rupee to further slide due to current severe rate hike by US Fed

“The rupee has finally breached the 80 mark, a key psychological level. The rupee is expected to further slide due to the current severe rate hike by the US Fed, relentless selling by foreign investors, and the rising demand for the USD due to its safe haven status. Nevertheless, the RBI is aware of the falling rupee quagmire and could take actions to curb the further depreciation, thus we expect further downside to 81 to 81.5 levels.”

~Punit Patni, Equity Research Analyst, Swastika Investmart Ltd

11:44 (IST) 19 Jul 2022
PSU banks gain

PSU banks remain in demand intraday. Bank of Baroda gained over 2%

11:41 (IST) 19 Jul 2022
Rakesh Jhunjhunwala sold 30 lakh shares of Tata Motors in Q1, holding at a new low; shares fall

Billionaire investor Rakesh Jhunjhunwala sold 30 lakh shares of auto giant Tata Motors during the April-June quarter, the latest shareholding pattern available on the stock exchanges shows. The ace investor trimmed his stake in the company after holding steady for two quarters, prior to which he had increased his stake in the Tata group firm. Shares of Tata Motors have fallen 9.8% so far this year. During the April-June quarter, the stock fell 4.85% and now trades at Rs 450 per share. The auto giant’s stock has been trading weak since October 2021, in line with the headline indices. 

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11:15 (IST) 19 Jul 2022
NYMEX crude trades mixed

NYMEX crude trades mixed near $99/bbl as market players counter demand concerns against supply risks. Global growth worries, disappointing US economic data and China’s virus concerns have dented demand outlook. Supply concerns are high as Russian supply is set to get affected by economic sanctions while US-Saudi meeting failed to result in any clear commitment on higher production. US drilling activity report however forecasts higher output next month while Libyan supply is expected to improve following a deal with protestors. Crude may remain choppy amid mixed factors and positioning for contract expiry however with weaker risk sentiment, we expect prices to remain under pressure. Ravindra Rao, VP- Head Commodity Research at Kotak Securities

11:14 (IST) 19 Jul 2022
COMEX gold trades marginally lower

COMEX gold trades marginally lower near $1707/oz as US dollar index stalled after two days of losses. The US dollar fell in last few sessions amid debate about pace of Fed’s rate hike but continues to remain supported by safe haven buying amid global growth worries and expectations that Fed may lead other central banks in monetary tightening. ETF outflows also shows lack of investor interest despite lower prices. Gold has stalled near $1700/oz level after the sharp sell-off in last few days however a sustained rise is still difficult as outlook for US dollar still remains firm. Ravindra Rao, VP- Head Commodity Research at Kotak Securities

10:47 (IST) 19 Jul 2022
Oberoi Realty share price rises after Q1 results, outperforms Nifty 50 YTD; should you buy, hold or sell?

Oberoi Realty share price rose a day after the company reported consolidated net profit at Rs 403.08 crore in Q1 FY23, up from Rs 80.63 crore in Q1 FY22. The real estate developer’s revenue from operations increased by 221.2% on-year to Rs 913.11 crore during the quarter. Oberoi Realty shares bucked the market and rose to hit an intraday high of Rs 870, up 1.5% from its previous close on NSE. So far this year, the stock has fallen around 3%, outperforming benchmark Nifty 50 which has tumbled more than 7%. Several brokerages maintain a bullish stance on Oberoi realty shares and see up to 28% upside going forward.

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10:13 (IST) 19 Jul 2022
Dividend shares this week: Tech Mahindra, TTK Prestige, Federal Bank, Larsen & Toubro, more; check full list

Domestic headline indices have started the day’s trade in the red amid weak global cues. S&P BSE Sensex slipped around 150 points on opening bell while Nifty 50 was down nearly 50 points but still above 16,200. Domestic stock markets have been witnessing a battle between bulls and bears as they navigate through multiple headwinds including inflation, elevated crude oil prices, falling rupee, and rising interest rates. Amid this tug of war between bulls and bears, a long list of companies will hand out dividends to their shareholders. These include index heavyweights such as Larsen & Toubro, Tech Mahindra and many more. 

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10:09 (IST) 19 Jul 2022
Benchmarks erase opening losses

Benchmark indices erases opening losses and trading flat in the volatile session. The Sensex was down 11.77 points or 0.02% at 54509.38, and the Nifty was down 6.40 points or 0.04% at 16272.10.

09:47 (IST) 19 Jul 2022
heading to 16500

“Dips can be utilised as buying opportunities with support placed at 16230 and 16070. Market breadth, derivative data, and technical setup all indicate that we should head towards 16500/16800 shortly. Trailing stop loss advised at 15950 for longs,” said Rahul Sharma, Director & Head – Research, JM Financial.

09:44 (IST) 19 Jul 2022
IndusInd Bank shares fall

IndusInd Bank share price slipped after the board approved Rs 20,000 crore fund raise. The stock was quoting at Rs 848, down 0.23% on BSE.

09:34 (IST) 19 Jul 2022
Rupee hits 80 mark versus dollar for first time

The Indian rupee hit a psychologically significant level of 80 for the first time against the US dollar after crude oil surged on concerns about tighter supplies globally, with the currency weakening for the eighth consecutive session. At 9.10 am, rupee was trading at 80.01 a dollar, down 0.03% from its previous close. It opened at 79.99 and touched a fresh record low of 80.02.

09:25 (IST) 19 Jul 2022
Sensex top gainers, losers

Tata Steel, Sun Pharma, Bharti Airtel, NTPC, Ultratech Cement, PowerGrid and Dr Reddy's were the Sensex gainers, while HCL Tech, Asian Paints, Tech M, TCS, Infy, Bajaj Finance, Wipro, L&T and HUL led losses on the index, down up to 1.5 per cent.

09:24 (IST) 19 Jul 2022
Nifty top gainers, losers

HCL Technologies, Asian Paints, Tata Consumer Products, TCS and Bajaj Finance were among major losers on the Nifty, while gainers were ONGC, Bharti Airtel, Sun Pharma, Tata Steel and M&M.

09:21 (IST) 19 Jul 2022
Markets open in red

Sensex falls over 150 points

Nifty 50 slips below 16,250 levels

09:19 (IST) 19 Jul 2022
Stock specific action to be seen

Benchmark indices are expected to open on a negative note as suggested by early trends on SGX Nifty with a 120-point loss. Some stock specific actions can be seen in HCL Technologies (signed a multi-year deal to drive the modernization of DSM’s core IT business systems and transition to a product-based IT operating model), Tata Steel (planned capex of Rs 12,000 crore during the current financial year, of which Rs 8,500 crore in India and Rs 3,500 crore on the company's operations in Europe), Jindal Stainless (set to supply 3,500 tonnes stainless steel for the Indian Railway's Udhampur-Srinagar-Baramulla Railway Link tunnel project). On the technical front, key support and resistance for Nifty 50 are 16,200 and 16,400 respectively while key support and resistance for Bank Nifty are 35,000 and 35,800 respectively.

~Mohit Nigam, Head – PMS, Hem Securities

09:17 (IST) 19 Jul 2022
Rupee depreciates on open, breaches 80-mark amid risk aversion in markets

The Indian rupee breached psychological barrier of 80 per dollar at open on Tuesday. The local unit opened on a flat note at 79.98 per dollar against previous close of 79.97, but immediately crossed the 80 mark. Rupee is expected to remain volatile this week and could hold its key support level of 80.55 on a closing basis, said experts. The domestic currency slid to an all-time low level of 80 in intra-day trade before settling down by 15 paise at 79.97 (provisional) against the US currency in the previous session due to a surge in crude oil prices and unrelenting foreign fund outflows. The local unit has declined by about 25 per cent since December 31, 2014, and is nearing 80 against the American currency. The value of the rupee declined from 63.33 per dollar on 31 December 2014, to 79.41 on 11 July 2022.

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09:06 (IST) 19 Jul 2022
Pre-Open: Markets in red

Benchmark indices are trading lower in the pre-opening session. The Sensex was down 292.28 points or 0.54% at 54228.87, and the Nifty was down 89.90 points or 0.55% at 16188.60.

08:58 (IST) 19 Jul 2022
Markets likely to decline in morning trades

“Markets are likely to decline in morning trades owing to weakness in other Asian gauges after overnight US indices ended lower. Our call of the day suggests that bulls may step-in on any corrective decline on positive catalysts like easing fears of Fed's aggressive rate hikes and China's readiness for more stimulus, as the People's Bank of China stepped up daily cash injections and delivered a net 9 billion yuan through 7-day reverse repurchase agreement. Technically, immediate upside targets for Nifty are at 16321 mark and then at 16500 mark.”

~Prashanth Tapse, Vice President (Research), Mehta Equities

08:31 (IST) 19 Jul 2022
US dollar hovers above one-week low

The US dollar hovered just above a one-week low reached overnight versus major peers as markets reduced the odds of a percentage-point Federal Reserve rate hike this month. The dollar index – which gauges the greenback against six counterparts – was flat at 107.47. It was off Monday's low of 106.88 but also well back from the high of 109.29 last week, a level not seen since September 2002.

08:29 (IST) 19 Jul 2022
Quarterly earnings today

Hindustan Unilever, HDFC Life Insurance, Ambuja Cements, ICICI Lombard General Insurance, AU Small Finance Bank, Polycab India, Hatsun Agro Product, L&T Finance Holdings and DCM Shriram are among companies that will announce their quarterly earnings today.

08:29 (IST) 19 Jul 2022
Reliance Jio deposits highest earnest money as 5G spectrum auction race heats up

Telecom companies are expected to bid aggressively for the 5G spectrum in an auction later this month, with Reliance Jio Infocomm accounting for more than half of the earnest money deposited by the bidders. In a relief for mobile phone operators, newcomer Adani Data Networks deposited a small amount, indicating that it is not likely to bid fiercely for spectrum.

The four companies participating in the auction for 5G airwaves together deposited Rs 21,800 crore, according to data published by the Department of Telecommunications (DoT). Reliance Jio deposited Rs 14,000 crore, followed by Bharti Airtel with Rs 5,500 crore, and Vodafone Idea with Rs 2,200 crore as earnest money.

08:27 (IST) 19 Jul 2022
Petrol and diesel price July 19: Fuel cost unchanged; Check prices in Delhi, Mumbai, other cities here

The prices of petrol and diesel on Tuesday, July 19, were left untouched by OMCs yet again. Prices have held steady for nearly two months. The most recent change in prices came for Maharashtra when the new state government announced a cut in value-added tax (VAT) on petrol by Rs 5 a litre and by Rs 3 a litre for diesel last week — a move that will cost the state exchequer Rs 6,000 crore on an annual basis. For the rest of the country, prices have been steady since May 21 when Finance Minister Nirmala Sitharaman announced a cut in excise duty on petrol by Rs 8 per litre, and Rs 6 per litre on diesel. 

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08:19 (IST) 19 Jul 2022
Yes Bank, IndusInd Bank, Adani Wilmar, Reliance, HUL, HDFC Life, Oil India stocks in focus on 19 July 2022

Yes Bank: Yes Bank plans to invest Rs 350 crore to acquire a 20% stake in JC Flowers Asset Reconstruction Company (ARC).

IndusInd Bank: IndusInd Bank on Monday said its board has approved a proposal to raise up to Rs 20,000 crore in debt on a private placement basis. Read full story

08:12 (IST) 19 Jul 2022
Nifty to continue the up move towards 16520

“In the near term, we expect the Nifty to continue the up move towards 16520 followed by 16650 which are the 200 EMA and the 50% retracement of the corrective phase respectively. The immediate support for Nifty will now be placed around Hence, traders should look to trade with a positive bias and look for buying opportunities from a near term perspective. Most of the sectors participated in the up move on Monday and especially the recent underperformer Nifty IT index bounced sharply. The chart structure indicates that this space has factored in most of the negative news and hence, could see further bounce in the near term.”

~Ruchit Jain, Lead Research,

08:10 (IST) 19 Jul 2022
Nifty, Bank Nifty support, resistance levels to watch out for

Nifty may find support around 16100 levels, while on the upside 16500 followed by 16600 may act as an immediate resistance. On the other hand, Bank nifty has support at 34900 levels while resistance at 36000 levels. Investors can add good quality stocks from Auto, FMCG and IT sectors; while traders are suggested to play with buy on decline.

~Om Mehra, Technical Associate, Choice Broking

08:09 (IST) 19 Jul 2022
Expect market momentum to continue towards 16500

“Markets globally rebounded after US Fed officials favoured 75bps rate hike as compared to a 100 bps rate hike in upcoming policy meeting. Progressive monsoon, ongoing result season, easing in commodity prices and expected growth in rural demand have helped the domestic markets to recover smartly from their lows. Nifty gained 5% in July and is holding well above its 16k mark. Even Mid and Smallcap indices are up ~ 8.5% & 6% respectively in July so far. India VIX ~17 level is supporting the index. Expect market momentum to continue towards 16500 with buying interest in sectors like Banking, financials, consumer, realty, defence.”

~Siddhartha Khemka, Head – Retail Research, Motilal Oswal Financial Services

08:08 (IST) 19 Jul 2022
Nifty short-term trend positive

“The short term trend of Nifty is positive. Having placed at the edge of upside breakout of the hurdle 16200-16300 levels, one may expect further upside in the market for short term. The next upside levels to be watched around 16500-16600 in the near term. Immediate support is placed at 16200 levels.”

~Nagaraj Shetti, Technical Research Analyst, HDFC Securities

08:07 (IST) 19 Jul 2022
Nifty technical view

“A long bull candle was formed on the daily chart with gap up opening. This pattern signal a fresh upside breakout in the market after a reasonable downward correction. The positive sequence of higher tops and bottoms is intact as per daily chart and the recent swing low of 15858 levels of 14th July could now be considered as a new higher bottom of the sequence. The Nifty is currently placed at the key overhead resistance of previous opening downside gap of 13th June and also last swing high of around 16200-16300 levels. A sustainable move above this area could pull Nifty towards further swing highs.”

~Nagaraj Shetti, Technical Research Analyst, HDFC Securities

08:03 (IST) 19 Jul 2022
Asian shares drift lower

Asian shares slipped in early trade, following overnight declines on Wall Street, and the dollar hovered below last week's peak, but traders' main focus was approaching central bank meetings and the early stages of the U.S. earnings season.

08:02 (IST) 19 Jul 2022
Oil prices fall

Oil prices fell on Tuesday, taking a breather after surging more than $5 a barrel in the previous session as a plunging dollar supported buying interest and on expectations the U.S. Federal Reserve's interest rate hike may be less than thought. Brent crude futures for September settlement fell 69 cents to $105.58 a barrel by 0036 GMT. The contract rose 5.1% on Monday, the biggest percentage gain since April 12. WTI crude futures for August delivery fell 65 cents to $101.95 a barrel. The contract climbed 5.1% on Monday and the largest percentage gain since May 11.

08:01 (IST) 19 Jul 2022
Wall Street indices close lower

All three major Wall Street indices ended lower on Monday after bank stocks erased earlier gains. After posting solid gains to start the session following earnings from Bank of America Corp and Goldman Sachs Group Inc, the S&P financial sector weakened into the close. The Dow Jones Industrial Average fell 215.65 points, or 0.69%, to 31,072.61, the S&P 500 lost 32.31 points, or 0.84%, to 3,830.85 and the Nasdaq Composite dropped 92.37 points, or 0.81%, to 11,360.05.

07:58 (IST) 19 Jul 2022
SGX Nifty signals a gap-down start

Nifty futures traded 132.5 points, or 0.81% lower at 16,157.50 on the Singapore Exchange, signaling that Dalal Street was headed for a negative start.

07:57 (IST) 19 Jul 2022
Markets on Monday

The Indian equity market extended the winning momentum for the second day in a row on Monday, supported by buying in heavyweights and across the sectors. The Sensex closed 760.37 points or 1.41% higher at 54,521.15, and the Nifty shut shop 229.30 points or 1.43% up at 16,278.50.