Stock Market Alert: Sensex Opens 290 Pts Higher, Nifty Bank Outperforms Nifty 50 As HDFC-ICICI Extend Bull Run

Stock Market Alert: The Indian stock market made a positive start on Tuesday, as the strong Q1 result by the banking and financial companies continued to fuel market confidence. Nifty 50 opened 76 points higher at 25,166, whereas BSE Sensex started 290 points higher at 82,491.

Nifty Bank continued its strong performance as multiple large cap banks including ICICI Bank, HDFC Bank, etc continued their stellar run due to upbeat June quarter results. The positive opening of the Indian stock market has come as the United States Stock market continued to perform well on Monday. Whereas, Asian stock markets opened on a mixed note earlier on Tuesday.

According to the BSE, nearly 85 stocks touched upper circuit, whereas 40 stocks touched their lower circuit during the early trading hours on Tuesday. Around 1,995 stocks were advancing, whereas 759 stocks were declining on Sensex till 9:30 am.

Top Gainers, Top Losers

Bajaj Finance, Trent, IndusInd Bank, HDFC Bank, ICICI Bank, Axis Bank, and other large cap banks continued to perform well and supporting the stock market movement today. Eternal shares continued their stellar run after the announcement of its June quarter earnings for the financial year 2025-26.

Eicher Motors, Infosys, Kotak Bank, Reliance Consumer, Bharti Airtel, Shriram Finance, Tata Motors, etc were trading in red on Tuesday.

Stock Market Recap

The Indian stock market ended higher on Monday driven by strong Q1 earnings coming from the banking and financial sectors. HDFC Bank and ICICI Bank Q1 earnings brought back the market cheers after tepid beginning of the earnings season with tech sector giants like TCS, Infosys, etc.

"Nifty50 ended higher by 122 points at 25,091 (+0.5%), driven by strong Q1 earnings from heavyweights HDFC Bank and ICICI Bank. Nifty Bank and Financial services indices led the sectoral gains, rising over 1% each. In contrast, Nifty Oil and Gas declined by 1%, weighed down by reported weakness in Reliance Industries' Oil-to-Chemicals (O2C) segment. Midcap stocks witnessed strong buying interest, with Nifty Midcap100 gaining 0.6%, while Nifty Smallcap100 ended on a flat note," noted Siddharth Khemka.

Stock Market Today: Investors Strategy for July 22

The Indian stock market is likely to move in a range-bound manner as the investors await developments related to India-US trade deal ahead of the August Tariff deadline.
"We expect the market to remain range-bound, tracking quarterly earnings outcome and developments on the India-US trade deal. Key results scheduled for Tuesday include Colgate, JSW Infra, Dixon tech, Paytm amongst others," stated Siddharth Khemka.

Regarding Nifty 50 Outlook, the benchmark index may see a resistance close to 25,200, according to Nirmal Bang. "Nifty is expected to open on a positive note and likely to witness range bound move during the day. On technical grounds, Nifty has an immediate resistance at 25200. If Nifty closes above that, further upside side can be expected towards 25270-25340 mark. On the flip side 25000-24940 will act as strong support levels," stated the brokerage in its stock market technical outlook report for Tuesday.

"Bank Nifty's next immediate resistance is around 57240 levels on the upside and on a decisive close above expect a rise to 57500-57740. There is an immediate support at 56770-56540 levels," it added.

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