Stock Market Today 21 July, 2023:

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Stock Market Today: The stock markets opened with a sharp decline and the sharp fall in the Sensex-Nifty led to them slipping below key levels. The Sensex opened around one per cent lower and the Nifty closed at 19800 levels, after touching very close to 20,000 yesterday.

How the market opened today

At market opening, BSE’s 30-share index Sensex opened down 664.83 points or 0.98 percent at 66,907.07. Apart from this, NSE’s 50-share index Nifty opened down 178.70 points or 0.89 per cent at 19,800.45.

Infosys shares fell 8 percent

Infosys shares fell more than 8 percent today and the company cut its revenue guidance in yesterday’s results, which has led to negative impact on the stock. Infosys’s ADR was also seen with a steep decline in the US markets.

Infosys, Tech Mahindra, HCL Technologies, Wipro and LTIIndustry were the top losers on the Nifty, while top gainers were L&T, Britannia Industries, Nestle India, SBI and Kotak Mahindra Bank.

US market

US markets were mixed on Thursday. The Dow is up for a 9th straight day, but the NASDAQ is up 2 percent. US markets saw extreme volatility yesterday. The Dow Jones closed up 164 points. The Dow Jones closed in the green for the 9th consecutive day. For the first time since 2017, the Dow closed in the green for 9 days. The S&P 500 closed down 0.68 percent. The Nasdaq closed down nearly 300 points. Weaker-than-expected results put pressure on tech companies.

Asian market

Asian markets are seeing a mixed trend today. GIFT NIFTY showed an increase of 12.00 points. At the same time, the Nikkei is seen around 32,417.92, down about 0.22 percent. At the same time, it represents an increase of 0.05 percent in straight times. The Taiwan market is trading down 0.98 percent at 17,007.24. While the Hang Seng is seen at the level of 19,126.53 with an increase of 1.04 percent. Whereas, the Kospi is trading flat. At the same time, the Shanghai Composite rose 0.31 percent to 3,179.24.

Shares falling under F&O restriction on NSE

Shares of Balrampur Chinese Mills, Punjab National Bank, Delta Corp, Indiabulls Housing Finance, L&T Finance Holdings, Manappuram Finance and RBL Bank are under F&O ban on NSE on 21 July 7. Let us tell you that if the position in the securities exceeds their market wide position limit, the stocks included in the F&O segment are placed in the restricted category.

Statistics of FIIs-DII

On Thursday, foreign institutional investors in the cash market bought Rs. 3,370.90 crore worth of shares were purchased. While domestic institutional investors in the cash market raised Rs. 193.02 crore shares were sold. FIIs so far this month have invested Rs. 19,696.66 crore has been purchased.

How was the market on July 20th?

On July 20, it posted a record sixth consecutive day of growth. The market witnessed strong gains led by FMCG, banking, oil & gas and healthcare stocks. The Sensex rose 474.46 points, or 0.71 per cent, to close at 67,571.90. While the Nifty closed at 19,979.20 with a jump of 146 points or 0.74 percent.