Long term return stock market Indian Stock Market Nifty 50

Indian Stock Markets Experience Fluctuations Amid Healthcare Gains and Oil & Gas Declines: A Detailed Analysis”

by

Indian Stock Market Overview: July 22, 2024

Market Performance

Early Gains and Subsequent Decline

On July 22, 2024, the Indian stock markets experienced a day of fluctuations. The markets showed a promising start, with indices rising until around 10:50 AM. However, this initial optimism was soon met with selling pressure, causing a dip. The afternoon session saw further declines, and the markets eventually closed almost flat compared to the previous Friday’s closing levels.

Sector Performance

Healthcare Stocks Lead the Gains

Among the various sectors, healthcare stocks emerged as the top performers. Investors showed a strong preference for these stocks, which contributed significantly to the overall market stability amidst the day’s volatility.

Oil & Gas Stocks Suffer Losses

In contrast, the oil and gas sector faced the most significant declines. The sector’s poor performance dragged down the overall market sentiment, reflecting broader concerns about energy prices and global economic conditions.

Global Market Influence

European Markets

European markets were generally positive, providing some support to global market sentiment. The gains in Europe were, however, insufficient to counterbalance the broader declines seen in Asian markets.

Asian Markets

Most Asian markets ended the day in negative territory, exerting downward pressure on the Indian stock market. The mixed global signals contributed to the lack of strong directional movement in the Indian indices.

Top Gainers and Losers

Top Gainers in NIFTY 50

  1. Grasim Industries: The stock closed at Rs 2,811.55, marking a 2.50% increase.
  2. NTPC: NTPC shares rose by 2.43%, ending the day at Rs 373.50.
  3. UltraTech Cement: The stock saw a 2.29% increase, closing at Rs 11,515.70.
  4. HDFC Bank: HDFC Bank’s shares increased by 2.19%, finishing at Rs 1,642.55.
  5. Dr. Reddy’s Laboratories: The stock gained 2.03%, closing at Rs 6,770.90.

Top Losers in NIFTY 50

  1. Wipro: Wipro saw a significant drop of 9.22%, closing at Rs 505.80.
  2. Kotak Mahindra Bank: The stock declined by 3.52%, ending the day at Rs 1,757.55.
  3. Reliance Industries: Reliance shares fell by 3.50%, closing at Rs 3,001.35.
  4. ITC: ITC’s stock dropped by 1.69%, ending at Rs 466.55.
  5. SBI Life Insurance: The stock saw a decline of 1.61%, closing at Rs 1,621.15.

Noteworthy News

Union Budget 2024

The Union Budget 2024 is set to be presented on July 23, starting at 11 AM. Investors and market analysts are keenly watching for policy announcements and fiscal measures that could impact the markets.

US Political Developments

In a significant political update, US President Joe Biden has announced that he will not run for the next election. Vice President Kamala Harris is expected to run against Donald Trump, adding a layer of uncertainty to global political and economic dynamics.

Startup Ecosystem Growth

The Economic Survey 2023-24 highlighted a remarkable increase in the number of startups recognized by the Department for Promotion of Industry and Internal Trade (DPIIT), from 300 in 2016 to 1.17 lakh in 2023. This growth has generated over 12.42 lakh direct jobs, showcasing the vibrant entrepreneurial landscape in India.

Air India’s New Routes

Air India announced new international routes for its A350 aircraft. The Delhi-New York route will commence on November 1, and the Delhi-Newark route will begin on January 2, 2025, enhancing connectivity and expanding its global footprint.

Sanstar IPO

The Sanstar IPO has been well-received, with a subscription rate of 13.48 times, and retail investors subscribing 12.15 times. The IPO remains open until July 23.

Stock Updates

Oil India

Oil India has signed a contract with Norway’s Dolphin Drilling for exploration activities in the Andaman Offshore Blocks, signaling an expansion in its exploration efforts.

JSW Energy

JSW Energy’s subsidiary, JSW Neo Energy, has received two significant orders for its renewable energy business, reflecting the company’s strategic focus on sustainable energy.

JSW Steel

JSW Steel reported a 64% year-on-year decline in net profit for the first quarter, amounting to Rs 845 crore. However, the company’s revenue saw a 2% increase, reaching Rs 42,943 crore.

ONGC

ONGC Videsh has acquired Equinor’s stake in an Azerbaijan oilfield for $60 million, strengthening its international portfolio.

Commodity and Currency Update

Gold and Silver

The price of 10 grams of gold decreased by 0.79%, closing at Rs 72,881. Meanwhile, the price of 1 kilogram of silver fell by 0.65%, ending at Rs 88,786.

USD-INR Exchange Rate

The USD-INR exchange rate saw a slight increase of 0.04%, with the rupee closing at Rs 83.67 against the US dollar.

Global Indices

US Markets

  • Dow Jones: The index closed at 40,287.53, down by 0.93%.
  • Nasdaq: Nasdaq ended the day at 17,726.94, down by 0.81%.

Long-Term Returns

Indian Markets

  • Sensex: The Sensex has delivered an average annual return of 14.85% over the past 20 years.
  • Nifty: The Nifty has provided an average annual return of 14.63% over the same period.

US Markets

  • Dow Jones: The Dow Jones has offered an average annual return of 7.17% over the past 20 years.
  • Nasdaq: Nasdaq has delivered an average annual return of 11.86% over the same period.

In conclusion, the Indian stock market had a day of mixed performances with notable gains in healthcare and declines in oil and gas stocks. Global influences and significant news events, including the upcoming Union Budget and US political developments, played a role in shaping market sentiments. Investors continue to navigate through these dynamic conditions, seeking opportunities and managing risks.

Read More Stock Market Daily Updates

121 thoughts on “Indian Stock Markets Experience Fluctuations Amid Healthcare Gains and Oil & Gas Declines: A Detailed Analysis””

  110. Der 30bet Casino Login ist unkompliziert und ähnlich einfach wie die Registrierung.
    Die Registrierung bei 30 bet Online Casino wird Ihnen durch einen intuitiven Ablauf so einfach wie möglich gemacht.
    Folgen Sie dieser Schritt-für-Schritt-Anleitung, um sich zu loggen und Ihren 30bet Bonus abzuholen.
    Die Freispiele haben jeweils einen Wert von 0,10€ und mit dem Bonusguthaben kannst du maximal 5€ pro Spielrunde oder 0,
    50€ pro Gewinnlinie setzen. Da der Bonus lediglich
    für Slots genutzt werden kann, solltest du dich für den Live Casino Willkommensbonus
    entscheiden, wenn du lieber an den Live Dealer Tischen spielst.

    Einen Bonuscode musst du dafür nicht eingeben, sondern einfach den Bonus auswählen und auf die Mindesteinzahlung von 20€ achten. Wenn
    dich die Spielautomaten am meisten interessieren, dann kannst du bei den ersten beiden Einzahlungen mit dem Casino Willkommensbonus profitieren. Alternativ dazu kannst du
    auch einen Live Casino Bonus aktivieren oder einen Sportwetten Bonus für deine Ersteinzahlung.

    References:
    https://online-spielhallen.de/monro-casino-bonus-codes-ihr-schlussel-zu-exklusiven-vorteilen/

    Reply

  111. 100 % bis zu 100 € + 50 Freispiele bei der ersten Einzahlung.
    Automatenspiele im seriösen Slots Casino haben einen sogenannten Random Number Generator (RNG).
    Grundsätzlich können Sie Automatenspiele für
    das Umsetzen Ihres Bonus Guthabens verwenden. Automatenspiele mit
    Spielgeld sind wie eine Simulation, bei der Sie die Funktionsweise ausprobieren können.
    Die Anbieter liefern ihre Spiele an Online-Casino-Betreiber,
    die diese wiederum Spielern weltweit anbieten, einschließlich Deutschland.
    Während du deine gewählten Spielautomaten in Deutschland spielst, verfolge die Gewinnkombinationen und lerne, wie sie erzielt wurden. Viele dieser Spiele bieten großzügige Auszahlungen, was sie zu einer
    hervorragenden Wahl für Spieler macht.

    References:
    https://online-spielhallen.de/wunderino-casino-login-ihr-tor-zu-spannenden-spielen/

    Reply

  112. Responsible gaming tools include deposit/bet limits,
    session reminders, self-exclusion and support contacts.
    For AU players, typical minimum deposits start
    at AUD 25–30 and withdrawals have minimums around
    AUD 25–30 depending on method. Use demo play to learn volatility, bonus triggers and the paytable
    before playing with real funds. Most titles provide a demo mode so
    you can try games without risking money.
    After confirmation you can use rocketplay login to access your profile,
    deposit, claim bonuses and join tournaments. If you search rocketplay support or rocketplay casino help, the FAQ hub contains
    many solutions. Tournament and live cashback promotions sometimes apply
    to specific tables — check the event rules when you
    search rocketplay casino tournaments or rocketplay tournaments.
    Read on for verification tips, mobile play advice and
    step-by-step instructions to claim a rocketplay no deposit bonus and other
    offers.

    References:
    https://blackcoin.co/are-online-casino-vip-programs-worth-it/

    Reply

  113. This means Australians can legally engage in online activities provided
    by offshore casinos that accept Australian players without fear of legal repercussions.

    You can play Casino games online at any online Casino which takes Australian players.
    The game selection can vary between casinos, with some
    offering thousands of options. Generally, online casino winnings are not
    taxable for recreational players in Australia. Australian players can ensure
    online casino safety by checking for valid licenses from reputable authorities like Malta Gaming Authority or Curacao eGaming.
    While traditional brick-and-mortar casinos provide a more personal
    gambling atmosphere, online platforms offer convenience and accessibility.

    Take a look at our top Australian live dealer casinos, and try out whichever option suits your needs best.

    Any Australian live casino you will find on our list of offers is amazing.
    We believe that a live casino experience
    should come with the most rewarding details and serve as a convenient platform in terms of payments, usability, support, safety, and more.
    We test how well websites treat their players and whether their content availability is up to par
    with our strict Casinority standards.

    References:
    https://blackcoin.co/roulette-tutorial/

    Reply

  114. For players who crave variety, Clubhouse Casino regularly
    updates its game catalog with new releases, ensuring there’s
    always something fresh to explore. With fast, secure banking options
    and 24/7 customer support, Clubhouse Casino ensures a seamless and
    rewarding gaming experience​. This offer not only
    boosts your bankroll but also gives you a chance to explore one
    of the top slot games, Elvis Frog Trueways, known for its vibrant graphics and exciting gameplay.

    The second deposit rewards a 75% match bonus up to
    $1,000 plus 50 free spins, while the third gives you a 50% bonus up
    to $2,000 with an additional 50 free spins​.
    Because this is a browser-based method, players don’t have to worry about any specific
    iOS prerequisites.
    The live games section is designed to be seamless and interactive, providing
    the feel of a luxurious casino environment without leaving
    your home. Offering a wide array of live dealer games, the platform excels in delivering
    high-quality, real-time casino experiences powered by industry-leading providers like Evolution Gaming and Pragmatic Play Live​.
    For players seeking the authentic thrill of a real
    casino from the comfort of home, Clubhouse Casino’s Classic Live Games
    section is a must-visit. Wolf Gold, a classic in the world of pokies, stands
    out with its high volatility and special bonus rounds like the Money Respin feature,
    which gives players additional chances to score big​.

    Every Thursday, Clubhouse Casino hosts its Thursday Tournament, a high-energy event where players can battle it out on selected games.

    References:
    https://blackcoin.co/brand-new-casinos-online-in-australia-2025-a-comprehensive-guide/

    Reply

  115. The Skycrown app maintains connection during spotty internet, automatically resuming
    games exactly where they stopped without losing progress.
    Exclusive mobile tournaments run with higher payouts than desktop
    versions. The Skycrown app responds to touches instantly,
    loading slot games in under 3 seconds even on older phones.
    The 10% return gives everyone another shot at the tables without depositing again.
    Regular gameplay unlocks reload bonuses, cashback offers, and
    special weekend promotions tailored to different player preferences.
    The bonus system at Skycrown creates multiple opportunities for players to increase their bankroll.
    Sky crown casino tournaments pit players against each other in fierce battles for
    leaderboard glory and impressive prize pools.

    References:
    https://blackcoin.co/casino-game-bank-craps/

    Reply

Leave a comment