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Sneha M Vasudeo

17th Jul · SEBI-Registered Analyst

Market Performance

Source: NSE The Nifty 50 advanced 1.09% to close at 24,334.30, rebounding strongly after the previous session’s subdued performance on broad-based buying across key sectors. The index opened at 24,127.60, touched an intraday low of 24,099.05, and rallied to a high of 24,367.30 before settling near the day’s high, indicating sustained buying interest throughout the session. Market breadth improved significantly, with 37 stocks advancing against 13 declines, reflecting widespread participation in the rally. Within the Nifty 50 universe, buying interest was led by Tech Mahindra (+3.96%), followed by Kotak Mahindra Bank(Nse) (+3.77%),

JIOFIN
(+2.99%), Tata Consultancy Svs. (+2.95%), and Icici Bank (+2.52%), indicating strong participation in IT and financial stocks. The rally in frontline technology names and private sector banks suggests renewed investor confidence in growth-oriented sectors, while Jio Financial added further support to the financial space. On the downside, selling pressure was led by
HINDALCO
(−1.49%), followed by Dr. Reddy's Laboratories (−1.15%), Wipro (Nse) (−1.04%), Sun Pharma ***** (−0.83%), and Apollo ***** (−0.77%), reflecting weakness across metals and healthcare stocks.

#Post-ClosingCommentary
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