After Bell Market Wrap-up: 23rd July 2021

23 Jul 2021  Read 1056 Views

The green continues! Though the global markets were slightly rough, Indian markets managed to open in the green. Sensex opened around 100 points above the previous close and Nifty opened above 15,850 points. In the initial hours, the indices did drop below the flat line but recovered quite well. The most interesting subject of the market being, the listing of Zomato.

A snippet of the markets today

  • Zomato was listed on the NSE at Rs. 116 and at Rs. 115 on the BSE.

  • Magma Fincorp is to be renamed Poonawalla Fincorp after Rising Sun Holdings acquired a controlling stake in the former company.

  • Reliance Industries, Ambuja Cements, Crompton Greaves Consumer Electricals, Yes Bank and many other companies are to release their results today.

Stocks in the news

Quarterly results

Few companies that released their Q1FY22 results today are:

Federal Bank

  • The gross Non-Performing Assets stood at 3.5% compared to 3.4%in the previous quarter.

  • Standalone net profit reveals a decline of 8.3% at Rs.367.3 crore compared to the corresponding quarter last year.

  • Net interest income rose to Rs.1,418 core, an increase of 9.4% YoY basis.

JSW Steel

  • The company reported a consolidated net profit of Rs.5,904 crore against a net loss in the same quarter last year.

  • Consolidated revenue from operations is at Rs.28,902 crore, an increase of 145% YoY.

Index performance


Closing price

Change %







Nifty Bank



Nifty PSU Bank



Nifty Pharma



Nifty IT




Top gainers and losers of the day

Stock prices of Mphasis rose by almost 4.75% as the company reported an increase of 23.4% in the consolidated net profit. Indiamart Intermesh saw its share prices rise by almost 3% after reporting satisfactory quarterly results.  

Mahindra Lifespace revealed that it is considering issuing bonus shares, after which the share prices rose by 7.78%.

Vodafone Idea stock dropped by more than 9% after the SC verdict. Stock prices of Magma Fincorp rose by around 5% post the acquisition. Biocon and Hindustan Unilever witnessed a decline in the share prices by 1.43% and almost 1% respectively, post result declaration.

Few other companies that managed to make it to the top gainers list are:

Few other companies that were forced into the top losers list are: 

Wrapping up

This week was surely a rollercoaster for the stock markets with the initial two days in deep red and jumping to a green post a day’s break! Today as well, the markets closed in the green. In the later hours of the session, Nifty hit its day's high! Bank Nifty’s outperformance was led by ICICI Bank. It was a mixed day of trade for the telecom sector.

The cryptocurrency market also continues to trade in the green zone. In the last 24 hours, Bitcoin, Ethereum and Dogecoin rose by 1.20%, 3.72% and 0.23% respectively. 

That’s it for today. See you next week…

Happy Investing!

About the Author: Kaveri Iyer | 54 Post(s)

Kaveri is currently pursuing a Master of Commerce specializing in Applied Finance. the Varied areas of interest include finance, music, literature, psychology and metaphysics. She loves the art of storytelling and has an unquenchable thirst for knowledge.

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