The benchmark Nifty 50 index was at 24,995.00, trading with a modest gain of 26.60 points (0.11%) at 10:00 AM. The index hovered near the psychological 25,000 mark throughout the session. Despite strong Q1 earnings from key banking giants and conglomerates, investors remained cautious due to ongoing concerns in global trade dynamics.
On July 21, ICICI Bank and HDFC Bank emerged as key gainers on the Nifty 50, supported by strong Q1 FY26 earnings. ICICI Bank shares rose by 2.39%, closing at ₹1,459.90, with a trading volume of 43.57 lakh shares and a turnover of ₹63,130.39 lakhs. The buying interest was driven by the lender’s impressive 15.5% year on year rise in net profit, signalling solid operational performance.
Meanwhile, HDFC Bank gained 2.09%, settling at ₹1,998.30. The stock saw a volume of 34.20 lakh shares and a turnover of ₹68,055.92 lakhs. Investors cheered the bank’s better-than-expected earnings and the announcement of a 1:1 bonus issue, which further bolstered sentiment around the stock.
On the losing side of the Nifty 50, IndusInd Bank and Wipro saw notable declines on July 21. IndusInd Bank slipped 3.13% to close at ₹842.80, with a trading volume of 22.95 lakh shares and a turnover of ₹19,342.97 lakhs. The decline was likely triggered by profit booking and sectoral rotation, as investors reassessed positions post-earnings.
Wipro also came under pressure, falling 2.49% to ₹260.30. The IT major witnessed a trading volume of 30.93 lakh shares, amounting to a turnover of ₹8,100.48 lakhs. The drop was part of a broader weakness in the IT sector, driven by investor concerns over global demand softness and macroeconomic uncertainty.
Overseas, Wall Street ended Friday’s session on a mixed note, pressured by rising concerns over potential new tariffs on European Union goods proposed by US President Donald Trump. This development weighed on investor sentiment and created uncertainty across global markets.
Reflecting this cautious tone, Asian markets also opened on a subdued footing, with MSCI’s broadest index of Asia Pacific shares outside Japan remaining largely flat. These mixed global signals continue to impact domestic market momentum, capping upside potential for Indian equity benchmarks like the Nifty 50.
Read More: ICICI Bank Share Price in Focus After Q1 FY26 Results as Net Profit Rises 15.5% YoY.
Despite upbeat earnings from top index constituents, Nifty 50's movement remained rangebound, reflecting a cautious investor mood amid global headwinds. The index's ability to sustain above 25,000 will likely depend on the continuation of strong earnings momentum and easing of external pressures. In the near term, market participants will keep an eye on further corporate results and macroeconomic cues, both domestic and international.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Jul 21, 2025, 10:07 AM IST
Neha Dubey
Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.
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