Mumbai: Indian equity markets closed on a strong note today, with the benchmark Nifty 50 index ending 159 points higher at 25,219.90, gaining 0.63% for the day. Markets witnessed a positive trend across sectors, with banking, financials, and mid-cap stocks leading the rally.
Also Read: 23 July 2025- Nifty 50 Touches New Heights, Gains 98.75 Points to Close at 25,159.65
The session began on a firm footing, opening at 25,139.35, and reached an intraday high of 25,233.50, indicating bullish sentiment among investors. The broader market also remained resilient, supported by firm global cues and steady institutional inflows.
🏦 Financials and Banking Lead the Way
The Nifty Bank index surged by 454.45 points, closing at 57,210.45, a rise of 0.80%, while the Nifty Financial Services index added 0.84% to finish at 27,215.85. Improved quarterly earnings by key banks and NBFCs and optimism surrounding loan growth bolstered sentiment in the financial sector.
🔝 Top Gainers: Worth, Infobean Hit Upper Circuits
Several stocks hit their upper circuits and displayed stellar gains:
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Worth Ltd soared 20% to ₹172.83
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Infobean also rallied 20% to ₹538.25
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Jayneco Industries gained 19.99% with heavy volumes crossing 704 lakh shares
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KIOCL and Rosstech surged over 17% each, attracting strong investor interest
These gains were largely attributed to positive earnings outlooks and investor optimism surrounding infrastructure and IT plays.
🔻 Top Losers: Bluejet and Ion Exchange Under Pressure
On the flip side, select stocks saw sharp profit booking:
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Bluejet dropped 10% to ₹815.55 amid concerns over fuel costs and regulatory scrutiny
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Ion Exchange declined 9.59% following muted quarterly guidance
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KILITC-RE and TTL-RE were among the top losers in the SME segment, each shedding over 20%
📊 Market Breadth and Investor Sentiment
The overall market breadth remained positive, with more than 70% of Nifty constituents ending in the green. Analysts cited sustained FIIs inflows, strong earnings, and a stable rupee as key drivers for the ongoing bullish trend.
Despite global headwinds and uncertainties over U.S. interest rate decisions, Indian equities have remained relatively resilient, with strong domestic fundamentals cushioning any external shocks.
📝 Market Outlook on July 23
Analysts remain cautiously optimistic, with technical indicators pointing toward near-term consolidation. “The Nifty closing above 25,200 is a positive sign. However, some consolidation may occur ahead of the U.S. Fed’s statement due next week,” said Arvind Mehta, Senior Research Analyst at Axis Securities.
