Market Update

Market Update: 25 July 2022

Indian shares retreated on Monday from their longest winning streak since last October, as Reliance Industries slid following a weaker-than-expected earnings report.

The Fed’s rate announcement on 27th July is not likely to impact the market much since a 75 bp rate hike is already known and discounted by the market. Shares of Zomato plunged 11%.

NIFTY 5016631-88
NIFTY Midcap 10029021-0.09%
NIFTY Smallcap 1009076-0.58%
NITY Bank36726-0.03%
NIFTY Auto12424-1.67%
NIFTY IT28216+0.17%
NIFTY Metal5169+1.46%
NIFTY Pharma12499-1.02%
USD / INR79.73

“Time is NOT money; time is something you invest in order to make money.”

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