Sensex, Nifty Rally Mid-Day; IT Gains, VIX Slips | July 23, 2025
Sensex, Nifty up nearly 0.5% by mid-day on July 23, 2025, as IT and banks rally. India VIX drops; smallcaps, midcaps lag. Key market trends and outlook.
Sensex, Nifty Rally Mid-Day; IT Leads, Volatility Drops | July 23, 2025, 12:25 PM IST
Indian markets sustained a strong uptrend through the mid-day session on Wednesday, July 23, 2025, led by robust gains in IT and banking stocks, even as midcaps and smallcaps showed relative weakness. Volatility dropped further, highlighting a risk-on mood.
Market Snapshot – 12:23 PM IST
| Index | LTP | Change | % Chg |
|---|---|---|---|
| SENSEX | 82,579.78 | +392.97 | 0.48% |
| NIFTY 50 | 25,173.75 | +112.85 | 0.45% |
| NIFTY BANK | 57,009.80 | +253.80 | 0.45% |
| NIFTY IT | 37,058.65 | +199.75 | 0.54% |
| India VIX | 10.53 | -0.22 | -2.05% |
| NIFTY Midcap 100 | 59,021.10 | -82.30 | -0.14% |
| NIFTY Smallcap 100 | 18,842.30 | -51.05 | -0.27% |
Market Trends & Outlook
- Benchmark rally: Sensex and Nifty gained nearly 0.5% each, powered by IT and bank sector buying.
- IT sector leads: Nifty IT jumps 0.54% as confidence grows in tech earnings.
- Banking stays firm: Nifty Bank up 0.45%, sustaining positive sentiment from large lender gains.
- Volatility drops: India VIX down 2%, suggesting lower risk perception amid the rally.
- Broader market divergence: Midcap and smallcap indices underperform due to mild profit booking and select stock weakness.
What to Watch For
- Resistance for Nifty: Next resistance at 25,200–25,250; support near 25,080.
- Sector watch: Continued strength in IT and banks could further lift benchmarks, even as mid and smallcaps consolidate.
- Catalysts ahead: More Q1 earnings and global cues could influence afternoon trade; watch for sharp moves in index heavyweights.
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