Stock Market 21 July: Nifty, Sensex Rise as Banks, Midcaps Rally
Stock Market 21 July: Nifty, Sensex Rise as Banks, Midcaps Rally

Stock Market 21 July: Bulls Regain Charge as Banking and Midcap Stocks Lead Recovery

Introduction

The Stock Market 21 July closed firmly in the green, buoyed by a strong rally in banking and midcap stocks. After a volatile start to the week, benchmark indices rebounded smartly on the back of solid Q1 results, institutional buying, and renewed investor confidence. While IT stocks lagged, gains in financials, select industrials, and auto names helped the market push higher.

Let’s dive into today’s market performance, top gainers and losers, and the key triggers behind the move.

Market Overview – 21 July 2025

IndexClosing LevelChange (Pts)% Change
NIFTY 5025,100.90+132.50+0.53%
SENSEX82,245.90+488.17+0.60%
Nifty Bank56,932.95+649.95+1.15%
Nifty IT37,042.60-99.25-0.27%
S&P BSE SmallCap55,308.66+23.22+0.042%

The Nifty Bank index led the rally with gains of over 1%, supported by heavyweights like HDFC Bank, ICICI Bank, and Axis Bank. Midcaps and small caps participated modestly, while IT remained under pressure due to weak earnings sentiment.

Top Gainers – Stock Market 21 July

A number of stocks saw notable gains today, especially in midcap and technology-linked counters:

  1. Mastek Ltd surged 7.07% to ₹2,669.80 after its Q1 earnings, despite missing some estimates. The market rewarded its stable margins and new deal wins.
  2. Eternal Ltd jumped 5.64% to ₹271.7 after announcing a board meeting to consider corporate actions.
  3. Jyoti CNC Automation rose 5.34% to ₹1,075.2 amid strong demand from institutions and retail participation.
  4. Persistent Systems gained 4.17%, trading at ₹5,779, ahead of its board meeting and expected client deal announcements.
  5. Apar Industries climbed 4% to ₹9,258 on volume-led buying across the power and transmission theme.

Top Losers – Stock Market 21 July

On the flip side, a few stocks witnessed sharp declines following earnings disappointments and weak guidance:

  1. Mangalore Refinery dropped 6.74% to ₹139.15 after its Q1 results failed to meet street expectations.
  2. Ceat Ltd slumped 5.92% to ₹3,600.9 on margin contraction worries in its quarterly numbers.
  3. Jaiprakash Power fell 5.86% to ₹21.52 due to ongoing restructuring uncertainty.
  4. AU Small Finance Bank lost 5.28% to close at ₹752.9 after NPA figures rose sequentially, raising asset quality concerns.
  5. Newgen Software corrected 4.71% to ₹917.3 despite strong topline growth, as investors reacted to muted profitability.

Gainers vs Losers – At a Glance

Top Gainers% GainLTP (₹)Top Losers% FallLTP (₹)
Mastek+7.07%2,669.8Mangalore Refinery-6.74%139.15
Eternal+5.64%271.7Ceat-5.92%3,600.9
Jyoti CNC Automation+5.34%1,075.2Jaiprakash Power-5.86%21.52
Persistent Systems+4.17%5,779AU Small Finance Bank-5.28%752.9
Apar Industries+4.00%9,258Newgen Software-4.71%917.3

Why Did the Market Rise Today?

1. Strong Bank and Midcap Earnings

Banks continued to shine, with Q1 results from HDFC Bank and ICICI Bank indicating solid growth in retail lending and improved margins. This pushed Nifty Bank up by 1.15%, leading the broader rally.

2. Institutional Buying Returns

Domestic and foreign institutional investors stepped in to buy selectively in sectors like financials, capital goods, and midcap tech, providing momentum after last week’s volatility.

3. Global Market Support

Asian and European markets traded higher, aided by easing commodity prices and optimism over interest rate cuts in the US, creating a risk-on mood globally.

4. Sector Rotation

Investors rotated out of lagging sectors like IT and pharma into banking, autos, and capital goods, pushing cyclicals and midcaps upward.

Conclusion: Will the Momentum Sustain?

The Stock Market 21 July ended on a high note, with bullish sentiment supported by solid earnings, a strong banking rally, and global cues. However, the mixed performance in IT and energy stocks reminds us that sector-specific caution remains. All eyes will now shift to Reliance Industries’ Q1 results and the next batch of bank earnings to determine whether this uptrend can hold firm.

Stay tuned as the earnings season unfolds further!

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