
Stock markets rebound on shopping for in HDFC Bank, ICICI Bank; Sensex climbs 442.61 factors
Snapping the two-day falling streak, the 30-share BSE Sensex climbed 442.61 factors or 0.54% to settle at 82,200.34. During the day, it surged 516.3 factors or 0.63% to 82,274.03.
The 50-share NSE Nifty jumped 122.30 factors or 0.49% to 25,090.70.
Firm pattern in Asian markets and contemporary international fund inflows additionally supported the markets.
Among Sensex corporations, Eternal surged probably the most by 5.38% put up its first quarter numbers.
ICICI Bank jumped 2.76% after the corporate posted a 15.9% bounce in its consolidated web revenue for the June quarter to ₹13,558 crore in comparison with ₹11,696 crore within the year-ago interval.
HDFC Bank climbed 2.19% regardless of the agency reporting a 1.31% decline in its consolidated web revenue to ₹16,258 crore for the June 2025 quarter.
Mahindra & Mahindra, Bharat Electronics, Kotak Mahindra Bank and Tata Motors have been additionally among the many gainers.
However, India’s most dear firm Reliance Industries declined 3.29% even after the agency reported its highest-ever quarterly revenue of ₹26,994 crore for the April-June quarter, reflecting a development of 78.3% over the year-ago interval, pushed by shopper companies and funding gross sales.
HCL Tech, Hindustan Unilever, Tata Consultancy Services and ITC have been additionally among the many laggards.
“Positive results from banking majors supported the market to rebound after many days of consolidation. The market remains highly reactive to earnings, indicating that investors remain focused on the earnings front to aid valuation,” Vinod Nair, Head of Research, Geojit Investments Limited, mentioned.
In Asian markets, South Korea’s Kospi, Shanghai’s SSE Composite index and Hong Kong’s Hang Seng settled in constructive territory. Equity markets have been closed in Japan for a vacation.
European markets have been buying and selling decrease. The U.S. markets ended on a combined be aware on Friday.
Foreign Institutional Investors (FIIs) purchased equities price ₹374.74 crore on Friday, in line with alternate knowledge.
Global oil benchmark Brent crude declined 0.48% to $68.93 a barrel.
On Friday, the Sensex tanked 501.51 factors or 0.61% to settle at 81,757.73. The Nifty dropped 143.05 factors or 0.57% to shut at 24,968.40.
Published – July 21, 2025 04:24 pm IST
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