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According to technical scan data from stockedge.com, on July 22, the closing prices of three stocks in the Nifty500 declined by more than 1% below the VWAP. This movement below the VWAP indicates a potential bearish trend in these stocks.

Promoters held 45.25 per cent stake in the company as of 30-Jun-2024, while FII and DII ownership stood at 17.03 per cent and 19.35 per cent, respectively.

On July 22, seven stocks from the Nifty50 pack appeared in the RSI Trending Up scan, according to the stockedge.com data.

The Nifty IT index was trading 0.29 per cent down at 39656.55.

Railway, defence, and PSU stocks on BSE rose ahead of the Union Budget by the Finance Minister. RailTel up 3%, Cochin Shipyard and DCX Systems gained, while Titagarh Rail, Texmaco Rail mixed. PSU stocks: IRCTC, IRFC, OIL, GMDC, Mazagon Dock, Bharat Forge, LIC, BEML, NTPC, Gujarat Gas, RCF, NMDC Steel. Multibagger returns seen; MRPL declined 3.7%.

Four stocks from the NSE large cap pack were identified in the "White Marubozu" bullish scanner. The White Marubozu pattern is characterized by the opening price being the lowest and the closing price being the highest for a specific period.

A total of 1,198,815 shares changed hands on the counter till 10:56AM (IST)

On the technical charts, the RSI of the stock stood at 51.49.