MARKET UPDATE:Sensex fell over 200 points to 55,890, and the Nifty slipped 42 points to 16,680
Published On: Monday, July 25, 2022 | By: Team KnowMyStock
Opening Bell: The Indian markets started the new week today (25 July 2022) on a weak footing in line with the subdued global trends and earnings impact. The BSE Sensex fell over 200 points to 55,890, and the NSE Nifty50 slipped 42 points to 16,680. Reliance led Sensex losses, dropping 2.5 percent after brokerages cut the company's earnings estimates after its Q1 miss. Tech M, Infosys, Ultratech Cement, Kotak Bank, and TCS were the other top laggards, while ICICI Bank, Bajaj Finance, and Tata Steel were the top winners.
The broader markets, meanwhile, opened in green. The BSE MidCap and SmallCap indices were up to 0.11 per cent higher.
Sector-wise, Nifty Bank, Financials, Metals were notable gainers, while Auto, FMCG, Pharma, and Oil & Gas held losses.
Among other stocks, GAIL rose over 1 per cent. The company said it will consider dividend payment on July 27.
BEL gained around 2 per cent on winning an order worth Rs 250 crores.
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