Indian Stock Market Report, 18th July 2022
Nifty registered a gain of 1.43% on the back of intra-day positive sentiments. Majority of the sectors were in the green zone. IT stocks attracted buying interest, closely followed by PSU Banking stocks. On the lines of positive trend, Private Banking, and Midcap stocks also went up.
Major gainers today: CHOLAFIN, LTI, VOLTAS
Major losers today: CONCOR, GODREJCP, BRITANNIA
Currently, short-term trend remains positive. This short-term strength is likely to give the market a capacity to absorb hurdles along the way. Support around 15900 spot is likely to play an important role for positional traders.