1 month ago

Indian Stock Market Trends and Key Stocks

Indian Stock Market Trends and Key Stocks
Stocks to watch: Eternal, Nestle, Indian Hotels among shares in focus today; check list here · livemint.com

The Indian stock market closed lower on Tuesday, July 21, with the Sensex and Nifty 50 indices declining due to tensions in the Middle East and higher crude oil prices.

The market is expected to open cautiously on Wednesday.

Several companies, including Eternal, Nestle India, and Indian Hotels, are in focus as they declare their Q1 results.

Adani Total Gas reported a decline in net profit, while Indian Hotels and Adani Energy Solutions saw significant increases.

Bandhan Bank and TVS Holdings also reported strong profit growth.

Maruti Suzuki announced a price increase due to rising input costs.

The market's performance is influenced by global cues, crude oil prices, and geopolitical tensions.

Key facts

Sensex
77,470.11
Nifty 50
24,187.70
Gift Nifty
24,108
Crude Oil Price Range
$84–85 per barrel
Adani Total Gas Q1 Net Profit
₹142 crore
Indian Hotels Q1 Net Profit
₹390.81 crore
Adani Energy Solutions Q1 Net Profit
₹1,149 crore
Bandhan Bank Q1 Net Profit
₹502 crore
Maruti Suzuki Price Increase
Up to ₹30,000
Cyient DLM Q1 PAT
₹16.3 crore
TVS Holdings Q1 Net Profit
₹1,173.5 crore
JSW Infrastructure Q1 Net Profit
₹357.6 crore

Quotes

Ponmudi R

CEO of Enrich Money

“"Indian equities are poised for a measured start on Wednesday, with positive global cues expected to underpin sentiment, although elevated crude oil prices and persistent geopolitical tensions are likely to temper risk appetite. Still, gains in domestic markets may remain measured as crude oil prices continue to hover near the $84–85 per barrel range. The renewed strength in oil is keeping investors cautious over its potential impact on India's inflation outlook, import bill and corporate margi…”
livemint.com

Sources

Related news