Market Wrap-Up: Latest Updates on Nifty 50, Sensex Movements, and Top Gainers/Losers – 21 Jul 2024

The stock markets are abuzz with activity today as the market wrap-up reveals some interesting movements. The Mcap of 8 of the top-10 most valued firms has surged to ₹2.10 lakh crore, with TCS and LIC leading the pack. TCS saw its valuation jump by ₹42,639.16 crore to ₹15,56,772.61 crore, making it a standout performer.

In other news, the Trump trade seems to be making a comeback, with investors showing interest in small-cap and “old economy” stocks reminiscent of 2016. However, analysts caution that this strategy may not necessarily pan out as expected.

Looking ahead, the IPO market is set to see some action next week with 8 SME public issues and 8 listings scheduled. Investors can check the full list to stay updated on the upcoming opportunities.

For those looking for stock recommendations, Dharmesh Shah of ICICI Securities suggests keeping an eye on Adani Ports and Special Economic Zone Ltd, as well as Bank of Maharashtra for potential gains.

In the commodity market, gold and silver prices are holding steady, with 10 gm of 24-carat gold priced at Rs. 74,485 in Delhi and 1 kg of silver at Rs. 89,070 in the same city.

As we look ahead to the week, market triggers such as the Union Budget 2024 outcomes, Q1 results, F&O expiry, and global cues will be key factors to watch out for. Analysts anticipate increased volatility in the market due to these events, so investors should stay informed and prepared for any fluctuations.

Stay tuned to Mint’s market blog for real-time updates on all things Dalal Street and global markets. Keep track of Nifty 50 and Sensex movements, top gainers and losers, and sector performances to make informed investment decisions.