FINAL TRADE: Indices end in green; Sensex at 66,707.2; Nifty at 19,773.9

Stock market today: The domestic share market on Wednesday (July 26) ended on a strong note with a sizeable rebound amid buying in FMGC and real estate stocks. The NSE Nifty 50 ended above 19,700 and the S&P BSE Sensex above the 66,600 mark. At close, the Nifty 50 was up 93.3 points at 19,773.9, and the Sensex settled at 66,707.2, up 352.49 points.

"The Nifty opened on a positive note and traded with a positive bias and closed with gains of 90 points.  The daily and the hourly momentum setup is providing divergent signals which can lead to a consolidation in the short term. The daily Bollinger bands are also contracting which points towards a consolidation in the short term. In terms of levels, 19,615 – 19,560 shall act as a crucial support zone, and on the upside 19,830 – 19,850 shall act as an immediate hurdle zone," said Jatin Gedia – Technical Research Analyst at Sharekhan by BNP Paribas

Broader market 

Broder market indices also ended in the positive territory with Nifty Midcap 100 at 37,050.10 up by 0.44 per cent and Smallcap 100 at 11,578.95 up by 0.17 per cent. 

Sectoral watch 

Nifty Bank settled at 46,062.35 up by 0.47 per cent. 

"Bank Nifty also witnessed a bounce from the cluster of 45,670 – 45,700 where support parameters in the form of the 38.2 per cent Fibonacci retracement level and the 40-hour moving average were placed. The fall as well as the rise on the hourly time frame are overlapping in nature which gives us a sense that the Bank Nifty is undergoing a corrective phase that is not over yet. Once this consolidation phase is over, we can expect the uptrend to resume and expect it to target levels of 46,500," said Gedia.
 
Expect for Nifty Auto all major indices on the sectoral front ended in green. 

Buzzing stocks 

Tata Motors DVR shares ended over 12 per cent higher. Jyothy Labs ended 8 per cent higher. Motilal Oswal stock closed nearly 7 per cent higher after the company announced to consider internal restructuring in the board meeting on July 27. Amber Enterprises shares ended over 6 per cent higher.

Conversely, Can Fin Homes shares fell over 9 per cent after reports of potential fraud by employees. Rane Madras stock slipped over 8 per cent. ION Exchange scrip declined over 8 per cent. 

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