Stock Market Closing Today, July 16: The Indian stock market ended on a muted note, with the benchmark index, Sensex, closing almost unchanged on expiry day, and Nifty ending below 24,100 as investors digested rising uncertainties around the Iran-US war.
BSE Sensex closed almost unchanged, gaining a mere 1.44 points to end at 77,186.87, while NSE Nifty dropped 5.75 points, or 0.02 per cent, to close at 24,072.75.
Sensex Heatmap Today, July 16: Top gainers and losers
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Sensex Heatmap Today, July 16
Riyank Arora, Associate Vice President – HNI & Derivatives, Hedged.in, said, “Indian equity markets ended on a largely flat note in today’s session as benchmark indices traded within a narrow range. The market witnessed stock-specific action, while the broader trend remained stable with indices holding above key support levels.”
Nifty 50 closed at 24,081.50, up 3.00 points (+0.01%). The index continues to trade above the 24,000 mark, with immediate support placed around 24,000–23,950, followed by 23,850. On the upside, resistance is seen near 24,200–24,300. A sustained move above this zone could attract fresh buying momentum, Arora stated.
BSE Sensex settled at 77,251.08, up 65.65 points (+0.09%). Immediate support is placed around 77,000–76,800, while resistance is seen near 77,500–77,700. A breakout above this range could strengthen the ongoing bullish trend.
“The market is witnessing a phase of consolidation after recent volatility, with benchmark indices continuing to hold above their crucial support levels. As long as these levels remain intact, the broader outlook stays constructive. Traders may continue to adopt a buy-on-dips strategy while maintaining disciplined risk management,” he added.
Stock Market Today – Quick Highlights
- Nifty loses 0.02% and closes flat above 24000 mark
- Top losers – Eternal & SBI Life
- Nifty Bank loses 0.3% dragged by Union Bank & HDFC Bank
- Nifty SmallCap 100 closes flat; top gainer MRPL & Himadri Speciality Chemical Ltd
- Nifty Midcap 100 loses 0.41% dragged by ICICI Lombard General Insurance Ltd and Groww
- Nifty IT gains 0.85%, led by HCLTech and Wipro
- Nifty Auto gains 0.46%, led by M&M and Maruti Suzuki
- Nifty FMCG gains 0.25%, led by ITC and United Breweries
- Nifty Pharma ends flat, up 0.02%, with Gland Pharma and Piramal Pharma leading the gains
- Nifty Metal slips 0.33%, dragged down by NALCO and Jindal Steel & Power.
- Nifty Realty slips 0.98%, dragged down by Signature Global and Prestige Estates
- Nifty Oil & Gas ends nearly flat, up 0.08%, with IGL and HPCL among the top gainers
- Nifty Energy ends nearly flat, down 0.08%, with BHEL and ABB India leading the gains
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