Stock Market Alert: Choppy Start For Nifty, Sensex! Bank Stocks Shine; What's Attracting Investors?

Stock Market Opening: The Nifty and Sensex started the July 21 trading session in green, only to tumble below their opening mark in the next five minutes. Nifty and Sensex's turbulent opening session was led by bearish movement in heavyweights like Reliance Industries, HCL Tech, Tata Motors, Eicher Motors, etc.

HDFC Bank, ICICI Bank, and other banking and financial stocks remained strong during the early trading session after their quarterly results announcement for the June quarter of financial year 2025-26.

Stock Market Opening Today

The Nifty 50 opened 30 points higher at 24,999, whereas BSE Sensex started the day 160 points higher at 81,918.5 points. Both the benchmark indices turned red in the first five minutes of the stock market opening. Banking and financial services stocks were trading in green as multiple companies announced their June quarter earnings last week.

Broad market indices were completely in the red during the opening with Nifty 100, 200, 500 and other indices below 0.3%. Most of the broadmarket indices recovered in the first hour of the stock market opening.

Top Gainers, Top Losers

Eicher Motors, IndusInd Bank, Reliance Industries Limited, Maruti Suzuki, TCS, Hero MotoCorp, and HCL Tech, Titan, etc were among the top laggards on Nifty 50 on Monday.

Ultratech Cement, Bajaj Auto, HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Bharti Airtel, Adani Enterprises, Bajaj Finserve, Apollo Hospitals, Bajaj Finance, etc are among the top gainers.

Stock Market Recap

The Indian stock market continued its muted performance in the past five trading sessions. Nifty dipped below the 25k mark, ending 143 points lower at 24,968 (-0.6%) on Friday. Broader market remained under pressure throughout the week with Nifty Midcap100 and Smallcap100 declining between 0.7-0.8% each on Friday.

"On the sectoral front, Private Banking index (-1.5%) saw significant pressure; primarily dragged by a disappointing Q1 performance from Axis Bank, which reported rising NPAs and lower-than-expected profitability. Defence stocks witnessed continued profit booking with Nifty India Defence index declining over 2%," noted Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal Financial Services Ltd.

Global Stock Market Today

Global stock markets showed mixed results recently. The S&P 500 saw a slight dip of 0.01%, closing at 6,296.79. Meanwhile, the Dow Jones Industrial Average decreased by 0.32% to settle at 44,342.19. In contrast, the NASDAQ Composite experienced a modest rise of 0.05%, reaching 20,895.66.

Asian markets also displayed varied performances. The Hang Seng Index in Hong Kong increased by 0.28%, ending at 24,895.20. South Korea's KOSPI Composite Index went up by 0.54% to finish at 3,205.30.

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