CLOSING BELL: Among sectors, the Nifty Auto fell 1.7 per cent, while the Nifty Metal added 1.5 per cent

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	<b>CLOSING BELL<br />
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	Stock market highlights:&nbsp;</b>Equity markets traded weak on Monday even as low level buying in metals, and select IT and bank stocks, lifted benchmark indices off lows. The S&P BSE Sensex, which hit a low of 55,537, closed at 55,766, down 306 points or 0.55 per cent. The Nifty50, meanwhile, ended at 16,631, down 88 points or 0.53 per cent. The index hit a low of 16,564 intra-day.</div>
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	Among gainers, Tata Steel, IndusInd Bank, Coal India, Apollo Hospitals, UPL, Hindalco, HCL Tech, and Wipro advanced between 1 per cent and 3 per cent. On the downside, M&M, RIL, ONGC, Maruti Suzuki, Kotak Bank, Eicher Motors, and SBI Life slipped in the range of 1.5 per cent to 4 per cent.</div>
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	Among sectors, the Nifty Auto fell 1.7 per cent, while the Nifty Metal added 1.5 per cent. In the broader market, the BSE MidCap index gained 0.03 per cent but the BSE SmallCap index eased 0.13 per cent.</div>
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	<strong>BS Analysis</strong></div>
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	<strong>ICICI Bank</strong>: As ICICI Bank delivered its seventh consecutive beat on quarterly earnings, analysts believe the lender&#39;s stock could soon command premium over HDFC Bank, while it may narrow its valuation discount with Kotak Mahindra Bank. The near flawless core earnings for the last few quarters, outclassing its peers, could lead to a &quot;bright future for the bank in a gloomy macro environment,&quot; they said. <a href="https://www.business-standard.com/article/markets/icici-bank-stock-may-soon-command-premium-over-hdfc-bank-say-analysts-122072500244_1.html" target="_blank"><strong>READ MORE</strong></a></div>
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	<strong>Infosys</strong>: A mixed set of numbers by IT major Infosys in their June quarter results 2022 (Q1FY23) saw the stock dipped mildly on BSE in Monday&#39;s trade. Though revenue growth of 23.6 per cent year-on year (YoY) to Rs 34,470 beat street estimates, margin performance and net profit growth were a disappointment, said analysts. <a href="https://www.business-standard.com/article/markets/infosys-q1fy23-results-here-s-how-brokerages-have-interpreted-the-numbers-122072500388_1.html" target="_blank"><strong>READ MORE</strong></a><b>&nbsp;</b></div>
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Sensex falls 306 pts; Nifty holds 16,600; Zomato cracks 11%, RIL 3%

Business Standard

Sensex falls 306 pts; Nifty holds 16,600; Zomato cracks 11%, RIL 3% | News on Markets - Business Standard

Broader markets outperform benchmark; India Vix climbs 4%

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Opening bell: 20 out of 30 Sensex stocks in positive territory

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Opening bell: Sensex sheds over 150 points

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Opening bell: Nifty50 opens below 16,700 levels

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Pre-open session: Sensex falls over 150 points

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Pre-open session: Nifty50 slips below 16,700 levels

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CURRENCY ALERT: Rupee opens almost flat at 79.84/$

Stocks on radar: Infosys, RIL, ICICI Bank, YES Bank, Glenmark, Tata Motors

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	Stocks to watch today: Axis Bank, Tata Steel will report their June quarter 2022 results (Q1FY23) on Monday, July 25; Infosys delivered net profit for Q1 below street expectations at Rs 5,360 crore. <a href="https://www.business-standard.com/article/markets/stocks-to-watch-today-infosys-ril-icici-bank-kotak-mahindra-q1-results-axis-bank-tata-steel-122072500102_1.html" target="_blank"><strong>Read here</strong><br />
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	<img alt="stock markets" src="https://bsmedia.business-standard.com/_media/bs/img/article/2021-12/17/full/1639764437-7291.jpg?im=Resize,width=640" /></a></div>

Mcap of nine of top-10 firms jumps over Rs 2.98 trn; RIL, TCS lead winners

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	Nine of the 10 most valued firms added Rs 2.98 trn to their market valuation last week amid a bullish trend in equities, with Reliance Industries and TCS emerging as lead gainers. <a href="https://www.business-standard.com/article/markets/mcap-of-nine-of-top-10-firms-jumps-over-rs-2-98-trn-ril-tcs-lead-winners-122072400142_1.html" target="_blank"><strong>Read here</strong><br />
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	<img alt="Reliance Industries" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-01/23/full/1642958715-8171.jpg?im=Resize,width=640" /></a></div>

WATCH | US Fed meeting, and will the markets see a sell-off again?

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	Global financial markets are waiting with bated breath for the outcome of the two-day US Federal Reserve meeting this week. Let&rsquo;s find out what leading analysts expect from the US central bank. <a href="https://www.business-standard.com/the-morning-show/video/markets-insights/us-fed-meeting-and-will-the-markets-see-a-sell-off-again-1278.htm" target="_blank"><strong>WATCH</strong><br />
	<img alt="Investors’ appetite for risk assets has taken a hit as bond yields have hardened globally following the US Federal Reserve’s decision to aggressively tighten monetary policy" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-04/13/full/1649791209-6155.jpg?im=Resize,width=640" /></a><br />
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Earnings scorecard: RIL Q1 PAT surges 46% YoY; revenue jumps 57%

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	The oil-to-telecom conglomerate&#39;s gross sales for the quarter came in at Rs 2.43 trillion, up 53 per cent over the year-ago period. <a href="https://www.business-standard.com/article/companies/ril-q1-net-profit-rises-46-to-rs-17-955-crore-revenue-jumps-57-122072201281_1.html" target="_blank"><strong>Read more</strong><br />
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	<img alt="Reliance Industries, RIL" src="https://bsmedia.business-standard.com/_media/bs/img/article/2021-04/30/full/1619781562-079.jpg?im=Resize,width=640" /></a></div>

Earnings scorecard: Infosys disappoints on profit, ups FY23 revenue guidance to 14-16%

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	Infosys was the largest hirer of fresher talent in Q1 when compared with peers like TCS and HCL Technologies. <a href="https://www.business-standard.com/article/companies/q1-results-infosys-misses-profit-estimates-but-raises-revenue-guidance-122072400776_1.html" target="_blank"><strong>Read here</strong><br />
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SGX Nifty futures trade with tepid cuts; hint at muted start

DIIs buy shares worth Rs 739 crores Friday