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HSBC upgrades Indian equities; ICICI Lombard falls 14%

after close1 source ↓written by the desknot a recommendation

The Strait of Hormuz sees reduced vessel traffic amid ongoing tensions between the US and Iran, raising economic concerns. In domestic markets, HSBC upgraded Indian equities to 'neutral' after a recent downgrade. Conversely, ICICI Lombard plunged 14% following disappointing Q1 results and multiple brokerage downgrades.

• IMF warns on oil shock buffers

• Government revises export duties on diesel and petrol

Traders should monitor these developments closely for market implications.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 16 Jul 2026, 16:10 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

ICICIBANK closed +1.8% on the day of the news, from ₹1,418.20 to ₹1,444.30; Nifty +1.1% over the same session; futures OI +1.6%.

Bulletin at 16:10 IST on 16 Jul 2026. Every change is measured from ₹1,418.20, the last close before it, on 16 Jul. Nifty 50 is measured over the same sessions.

  • ICICIBANK close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
ICICIBANK closes around the bulletin against the close before the news, with Nifty 50 rebased to it132514181511axis spans 14%before the news · 16 Jul1418Nifty 50ICICIBANKbulletinD0+1+3+510 Jul22 Jul31 JulFutures open interest, lotspeak 1.8 LReference close ₹1,418.20. 16 sessions from 10 Jul to 31 Jul; the price axis spans 14 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before16 Jul₹1,418.20basebase
On the day17 Jul₹1,444.30▲ +1.8%▲ +1.1%+0.8 pp difference
+1 session20 Jul₹1,460.20▲ +3.0%▲ +0.7%+2.3 pp difference
+3 sessions22 Jul₹1,440.70▲ +1.6%▼ −0.3%+1.9 pp difference
+5 sessions24 Jul₹1,432.90▲ +1.0%▼ −1.3%+2.3 pp difference
Gap at the open, % · ₹
▲ +0.3%+3.83 on 17 Jul
Day's range, % · ₹
2.5%≈ 35 high to low
Volume on the day
0.88×the 20-session average
Futures OI on the day
▲ +1.6%+2,900 lots · long build-up · price +1.8%
Futures OI open, lots
1.8 L17 Jul · 28 Jul expiry
Futures premium, ₹
+4.80+0.3% to spot
Puts per call, by OI
0.92from 0.90 the session before
Max pain
1,400from 1,400 the session before

Source NSE UDiFF bhavcopy · ICICIBANK on the desk →

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