Stock markets rebound on buying in HDFC Bank, ICICI Bank; Sensex climbs 442.61 points

Benchmark BSE Sensex surged by 442 points while Nifty closed above the 25,000 level on Monday (July 21, 2025) following buying in blue-chip stocks HDFC Bank and ICICI Bank after their quarterly earnings.

Snapping the two-day falling streak, the 30-share BSE Sensex climbed 442.61 points or 0.54% to settle at 82,200.34. During the day, it surged 516.3 points or 0.63% to 82,274.03.

The 50-share NSE Nifty jumped 122.30 points or 0.49% to 25,090.70.

Firm trend in Asian markets and fresh foreign fund inflows also supported the markets.

Among Sensex firms, Eternal surged the most by 5.38% post its first quarter numbers.

ICICI Bank jumped 2.76% after the company posted a 15.9% jump in its consolidated net profit for the June quarter to ₹13,558 crore compared to ₹11,696 crore in the year-ago period.

HDFC Bank climbed 2.19% despite the firm reporting a 1.31% decline in its consolidated net profit to ₹16,258 crore for the June 2025 quarter.

Mahindra & Mahindra, Bharat Electronics, Kotak Mahindra Bank and Tata Motors were also among the gainers.

However, India’s most valuable company Reliance Industries declined 3.29% even after the firm reported its highest-ever quarterly profit of ₹26,994 crore for the April-June quarter, reflecting a growth of 78.3% over the year-ago period, driven by consumer businesses and investment sales.

HCL Tech, Hindustan Unilever, Tata Consultancy Services and ITC were also among the laggards.

“Positive results from banking majors supported the market to rebound after many days of consolidation. The market remains highly reactive to earnings, indicating that investors remain focused on the earnings front to aid valuation,” Vinod Nair, Head of Research, Geojit Investments Limited, said.

In Asian markets, South Korea’s Kospi, Shanghai’s SSE Composite index and Hong Kong’s Hang Seng settled in positive territory. Equity markets were closed in Japan for a holiday.

European markets were trading lower. The U.S. markets ended on a mixed note on Friday.

Foreign Institutional Investors (FIIs) bought equities worth ₹374.74 crore on Friday, according to exchange data.

Global oil benchmark Brent crude declined 0.48% to $68.93 a barrel.

On Friday, the Sensex tanked 501.51 points or 0.61% to settle at 81,757.73. The Nifty dropped 143.05 points or 0.57% to close at 24,968.40.