Nifty and Sensex Surge 0.59% as Diversified and Aviation Sectors Lead the Charge
By ScanX News Team
Indian markets closed positively on July 23, with Nifty 50 at 25,208.00 and Sensex at 82,669.61, both up 0.59%. Diversified and aviation sectors led gains, while utilities underperformed. Infobeans Technologies soared 20% on strong results, while Ion Exchange dropped 9.59% despite positive presentation. Market breadth was slightly negative with 2,294 declines vs 2,092 advances out of 4,386 traded stocks.
*this image is generated using AI for illustrative purposes only.
Market Wrap: Bulls Take Control on July 23, 2025
The Indian stock markets concluded Wednesday's trading session on a positive note, with both benchmark indices, Nifty 50 and BSE Sensex, registering gains of 0.59% each. The upbeat sentiment was primarily driven by strong performances in the diversified and aviation sectors.
Market Overview
The Nifty 50 index closed at 25,208.00, up 147.10 points or 0.59% from its previous close. Similarly, the BSE Sensex ended the day at 82,669.61, gaining 482.80 points or 0.59%. The last trades were recorded at 15:30:45 IST.
Sectoral Performance
Top Performing Sectors
- Diversified (Avg. Per Change: +1.38%)
- Aviation (Avg. Per Change: +1.28%)
- Engineering Services (Avg. Per Change: +1.20%)
Underperforming Sectors
- Utilities (Avg. Per Change: -0.68%)
- Printing & Stationery (Avg. Per Change: -0.57%)
- Trading (Avg. Per Change: -0.39%)
- Forest Materials (Avg. Per Change: -0.32%)
Buzzing Stocks
Infobeans Technologies Ltd: The stock surged 20.00% to close at ₹538.25 following robust quarterly results. The company reported a significant jump in consolidated net profit to ₹233 million, up from ₹78 million in the same period last year.
Manaksia Ltd: Shares climbed 11.05% to ₹83.10 after the company announced impressive quarterly performance. Net profit surged to ₹141 million from ₹30 million year-over-year, while revenue grew to ₹2.5 billion.
Ion Exchange (India) Ltd: Despite positive investor presentation highlights, the stock plummeted 9.59% to ₹489.00. The company showcased strong financial performance and growth prospects in the water treatment sector.
ideaForge Technology Ltd: Shares declined 8.07% to ₹500.95 following the announcement of their earnings conference call audio recording availability.
Macrotech Developers: The stock fell 7.65% to ₹1,332.00 after a large block deal involving 9.8 million shares worth $165 million was executed at a discount to the previous day's closing price.
Market Breadth
The overall market breadth was slightly negative, with more stocks declining than advancing:
| Category | Number of Scrips |
|---|---|
| Total Traded | 4,386 |
| Advances | 2,092 |
| Declines | 2,294 |
Conclusion
The Indian stock market demonstrated resilience on July 23, 2025, with key indices closing higher despite mixed sectoral performance. While diversified and aviation sectors led the gains, utilities and printing & stationery sectors faced headwinds. The market saw significant movements in individual stocks based on their quarterly results and corporate actions, reflecting investor sensitivity to company-specific news and financial performance.
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