Indian stock markets opened higher on Tuesday, July 22, 2025, continuing the bullish momentum from the previous session. Both the Sensex and Nifty indices displayed positive movement, driven by strong earnings reports from major banking institutions.
The BSE Sensex climbed by approximately 250 points, reaching 82,453.52, a 0.31% increase compared to the previous day's close of 82,200.34. The index opened at 82,527.43. The NSE Nifty also experienced gains, rising by 61.95 points to reach 25,152.65, representing a 0.25% increase. GIFT Nifty on the NSE IX traded higher by 96.50 points, or 0.38 per cent, at 25,185.50, signaling a positive start for Dalal Street.
Key Gainers and Losers
Shares of Eternal, the parent company of Zomato and Blinkit, stood out as a top performer, surging by 10%. Other notable gainers included Trent, Tata Steel, Bharat Electronics, ICICI Bank, Axis Bank, and HDFC Bank. Conversely, Infosys, Kotak Bank, Bajaj Finserv, Bharti Airtel, Reliance Industries, Sun Pharma, and HUL were among the top losers on the Sensex, experiencing declines of up to 1%.
Sectoral Performance
The Nifty MidCap index added 0.13%, while the Nifty SmallCap index gained 0.50%. Among sectors, the Nifty Media index led the gains with a 0.6% increase, followed by Nifty Metal (0.3%) and Nifty PSU Bank (0.2%). The Nifty Pharma index, however, faced a decline of 0.5%.
Eternal's Performance
Eternal shares zoomed 14.9% to a new all-time high of Rs 311.60 on the BSE on Tuesday. Despite a sharp 90% year-on-year (YoY) decline in consolidated net profit for Q1FY26, the shares of Eternal rallied. Net profit fell to Rs 25 crore from Rs 253 crore in the same quarter last year. However, Q1FY26 revenue surged 70% YoY to Rs 7,167 crore. The growth of its quick commerce business, Blinkit, which posted a revenue of Rs 2,400 crore, contributed to the stock's rally.
Swiggy's Performance
Swiggy's share price also saw a positive movement, with a gain of 5%. As of July 21, 2025, the share price was ₹394.75. During the trading session, the share price moved between ₹380.10 and ₹400.80. Analysts' opinions on SWIGGY LTD future price suggest a max estimate of 740.00 INR and a min estimate of 260.00 INR.
Market Sentiment
The overall market sentiment was positive, buoyed by encouraging earnings reports from HDFC Bank and ICICI Bank. Investors are also closely monitoring progress in U.S. trade negotiations ahead of the August 1 deadline. Technical analysis suggests that the Sensex formed a bullish candle near the 50-day Simple Moving Average (SMA), indicating that the recent pullback formation may continue in the near term.
