21/07/2025
π β Sensex & Nifty Surge on Bank Earnings
πΌ Sensex jumped +442 pts to ~82,200, Nifty 50 crossed 25,000, driven by strong earnings from HDFC Bank & ICICI Bank
π¦ β State Bank of India Raises βΉ25,000 Cr
π° SBI issued a βΉ25,000 Cr QIP, supporting bank stocks and buoying investor sentiment
The Times of India
βοΈ β SEBI Clears Jane Street to Resume Trading
β
SEBI lifted the ban on Jane Street after a βΉ4,844 Cr deposit; BSE shares rallied ~3% on the news
π’ β Uptick in PSU & Bank Indices
π Nifty Bank index surged ~1.19%, reinforcing the bullish streak in financials
π» β Reliance Declines Amid Mixed Results
π½ Reliance Industries dropped ~2β3% after weakness in its oil-to-chemicals & retail businesses
π― β NTPC Underperforms Broader Rally
π NTPC dipped ~0.2%, lagging despite a strong session for Sensex
π β Asian Paints Slips
π» Asian Paints fell ~0.25%, yet still outperformed some peers amid market rebound
π β Maruti Suzuki Slightly Below Par
π» Maruti Suzuki declined ~0.16%, underperforming in a mostly positive session
π β ONGC & HDFC AMC Among Preferred Picks
π Analysts suggested ONGC, HDFC AMC, Vishal Mega Mart, SBI as top trades, highlighting bank & oil-play momentum
πΉ β Market Technical Overview β Cautiously Bullish
π Indicators: Nifty closed above 25,090, holding support at ~24,940; short-term momentum remains positive, though resistance awaits near 25,250β25,300