Mid-Day Market Update 23 July 2025: Nifty Holds Above 25,150, Bank Nifty Near 57,100; Eternal, Swiggy Rally
By CapitalKeeper | Mid Day | Indian Equities | Market Moves That Matter
Indian markets trade steady mid-day on July 23, 2025, with Nifty above 25,150 and Bank Nifty near 57,100. Quick-commerce stocks Eternal and Swiggy surge, while Reliance eases. Global cues upbeat after U.S.–Japan trade deal; key Q1 earnings in focus.
📊 Index Snapshot (Mid‑Day, July 23)
- Nifty 50: Opened 25,139.35, now 25,168.20 (+28.85 pts; +0.11%)
- Bank Nifty: From 56,918.15 to 57,070.75 (+152.60 pts; +0.27%)
- Sensex: Opened 82,451.87, now 82,544.54 (+92.67 pts; +0.11%)
- Fin Nifty: From 27,063.10 to 27,149.40 (+86.30 pts; +0.32%)
Markets are showing mild upside, led by financials and consumer-tech, supported by positive global developments.
🔍 Sector Movers & Key Themes
🚀 Quick Commerce & Consumer Tech
- Eternal (Blinkit) surged 15%, continuing its post-Q1 rally, thanks to strong quick-commerce growth and upgraded analyst targets.
- Swiggy climbed 5% after Nirmal Bang initiated coverage with a ‘Buy’ rating, noting margin improvements and growth in Instamart.
🏦 Financials
- Bank Nifty climbed 0.3%, bolstered by steady gains in key private banks. Fin Nifty is also showing supportive momentum, reflecting continued strength in earnings-driven banking → financials.
🛢️ Energy & Industrial
- Reliance Industries slipped 0.5%, retreating after recent gains following Q1 numbers.
- Other industrial sectors remain flat to mildly down in line with broader market consolidation.
📈 Technical Analysis
- Nifty remains tilted upward within 25,150–25,200 range. Resistance at 25,200–25,250; support near 25,100.
- Bank Nifty sustained above 57,000 a breakout above 57,200 could prompt continuation.
- Fin Nifty is tracking financials strength; key level to watch is 27,200.
🌍 Global & Macro Cues
- U.S.–Japan Trade Agreement: Boosted Asian markets and future global cross-border trade optimism, supporting Indian equities.
- India–U.S. Trade Talks: Markets are wary as negotiations ahead of the August 1 deadline remain unresolved, leading to stock-specific moves.
- Rupee & Yields: USD/INR remains stable near ₹86.27, providing limited pressure; domestic bond yields are also steady.
- Whats in Focus: Q1 earnings from Infosys, Dr Reddy’s, and Tata Consumer today could swing sector momentum.
🔔 Intraday Watchlist
- Eternal & Swiggy – Continued momentum in quick-commerce stocks; be ready for sharp moves on further upgrades or results.
- Infosys, Dr Reddy’s, Tata Consumer – Q1 reports today; results may influence pharma, IT, and consumer indices.
- Bank Nifty’s Breakout – Watch for move above 57,200 for extended rally into financials.
- Trade Deal News – Any updates on India–U.S. or India–UK trade pacts could trigger market surges.
✅ Mid‑Day Conclusion
A steady session so far, with modest gains led by financials and quick-commerce names such as Eternal and Swiggy. Global optimism from the U.S.–Japan trade deal supports the tone, while India–U.S. deal uncertainty keeps broader flows stock-specific. Technically, Nifty 25,100–25,250 forms the tight intraday band to monitor. Watch for key Q1 earnings and trade headlines for the next directional pivot.
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