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Market Recap 22-07-2024

Sebencapital

Published
22/07/24
Market Recap 22-07-2024


Indian Indices

I) Nifty: opened at 24445 and touched a high of 24595 then a low of 24362 and closed at 24509 with a total of - 21 points in Negative

II) Bank Nifty: open 52145 and touched a high of 52427 then a low of 51874 and closed at 52280 With a total of + 14 points Positive

III) Fin Nifty: open 23543 and touched a high of 23719 then a low of 23450 and closed at 23626 With a total of + 30 points in Positive

IV) Nifty Mid Select: open 12153 and touched a high of 12488 then a low of 12061 and closed at 12412 With a total of + 218 points in Positive


NSE Advance and Decline



Nifty 500 Top Gainer

Indian Hotels The revenue witnessed an increase of 5% YoY, posting an all-time high revenue of Rs 1,596 crore and the EBITDA increased by 8% on a year-on-year basis to Rs 496 crore while the EBITDA margins jumped up by 0.7 bps at 31%.


Nifty 500 TOP LOSER

Shares of IT major Wipro slipped 8% in early deals on Monday after IT firm reported its Q1 earnings. Wipro logged a 5.21 per cent year-on-year (YoY) rise in consolidated net profit at Rs 3,036.60 crore in Q1 compared with Rs 2,886 crore in the same quarter last year. 

Tejas Networks, in Q1FY25, won strategic deals with a Tier-2 operator in US for network modernisation application and an operator in SE Asia for broadband rollout


Sectoral Performance


Outperforming stocks vs nifty 500 over 1 week


Underperforming Stock vs Nifty 500 over 1 week


Stock With Rising Volume


Headlines

Tejas Networks, in Q1FY25, won strategic deals with a Tier-2 operator in US for network modernisation application and an operator in SE Asia for broadband rollout


Written by Sauravsingh

Techpreneur and adept trader, Sauravsingh Tomar seamlessly blends the worlds of technology and finance. With rich experience in Forex and Stock markets, he's not only a trading maven but also a pioneer in innovative digital solutions. Beyond charts and code, Sauravsingh is a passionate mentor, guiding many towards financial and technological success. In his downtime, he's often found exploring new places or immersed in a compelling read.

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