Nifty posts best month in 2022; up 8.6% in July: Key highlights

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Stock market India: July Summary

  • The Indian stock market posted its best month for 2022, with the Nifty jumping 8.6% in July.
  • Metal, Realty, FMCG and banking stocks drove the markets higher during the month

Stock market India: July highlights

  • Bajaj twins on a roll: Nifty heavyweights Bajaj Finance and Bajaj Finserv soared upto 38% in the month. Robust loan growth, stellar earnings and buzz around stock-split fueled a rally in the shares.
  • Banks, Consumer companies see good earnings: Amid rising inflation & high interest rate environment, banks and consumer companies have reported good numbers, while IT and Metal have been the worst hit so far.
  • Foreign investors turn bullish: After 6 consecutive months of outflows in June, FII flows turned positive in July. Resilient economic outlook as compared to other markets, better risk sentiments brought back FII flows in July.
  • Nifty IT index worst performer: The IT index came under pressure due to fall in margins, higher attrition, rising sub-contractor and travel costs, rise in interest rate in the US, and concerns around recession.
  • What happened in the Indian stock market in July?

  • What led to the gains?

  • What happened in various sectors in July?