Nifty last close: 24509.25
The Indian benchmark indices ended lower for the second consecutive session on July 22
On July 22, Nifty was opened gap down at 24380 then recovered the entire loss
Finally, Nifty was down 21.60 points or 0.09 percent at 24,509.30
Sensex was down 79.43 points or 0.10 percent at 80,525.22
Biggest Nifty losers included Wipro, Kotak Mahindra Bank, Reliance Industries, ITC
Gainers were Grasim Industries, HDFC Bank, Dr Reddy’s Labs, Tata Consumer and Infosys
On the sectoral front, auto, capital goods, healthcare, metal and power indices went up 1 percent each
while selling was seen in the media, bank, IT, realty and FMCG
Midcap index added 1.3 percent and the smallcap index rose 0.8 percent
The foreign institutional investors (FIIs) bought equities worth Rs 3,444 crore
While domestic institutional investors sold equities worth Rs 1,652 crore, on July 22
Bajajfinance and Hindunilver announce their earnings report on today
FIIs 77% net long on index futures ahead of Budget day
US markets ended higher on July 22
Dow gained 0.32%, Nasdaq rallied 1.57% and S&P500 gained 1%
Tesla will be declare their earnings report on Tuesday
US VIX fell 10% to 15
Dollar index sustains 104.30
US 10-year yield 4.25%
Crude down and settled around $82.50/bbl
Asian markets were set to mixed opening on July 23
Nikkei up 0.2% and Hangseng down 0.2%
GiftNifty indicates a flat note for the index
However, Nifty will be expected huge volatility ahead of the Budget
Today Nifty is facing a intraday resistance 24550 and 24600
If stays above (After Budget) 24600 will try to move 24700-24800
On other side, Nifty considering a supports 24460 and 24420
Below 24420 finding a next support around 24350
After Budget if stays below 24350…….. Expecting free fall
Updated: 08.34 am / 23rd July 2024
