Sensex today | Stock Market Live: Stock to buy today: Rain Industries (₹223) – BUY

Sensex Today, Nifty 50 | Stock Market Live Updates - Find here all the live updates related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets for 22nd July 2026.

The short-term outlook is bullish for Rain Industries. The stock has been in a strong uptrend since March. This upmove is happening inside a bull channel. The 5 per cent surge on Tuesday indicates that the upmove is gaining momentum. Support is in the ₹205- ₹200 range. Immediate resistance is at ₹238, which is likely to be breached. That, in turn, can take Rain Industries’ share price higher to ₹255, the upper end of the channel, in the coming weeks.

Traders can buy Rain Industries shares now at ₹223. Accumulate on dips at ₹212. Keep the stop-loss at ₹198 initially. Trail the stop-loss up to ₹226 as soon as the stock goes up to ₹232. Move the stop-loss higher to ₹237 and ₹244 when the price touches ₹241 and ₹249, respectively. Exit the stock at ₹255.

Benchmarks declined for the second consecutive session on Tuesday, weighed down by elevated crude oil prices hovering near $90 a barrel, persistent foreign institutional selling, and escalating tensions in West Asia as the US-Iran conflict entered its tenth consecutive day, with Yemen’s Houthis threatening a naval blockade on Saudi Arabia.

The Nifty 50 settled at 24,187, down 50 points or 0.21 per cent, while the Sensex fell 238 points to close at 77,470. The session marked the second straight day of the benchmark trading within a narrow range, just 127 points, its tightest band since July 10. Over the past 25 sessions, Nifty has oscillated between 24,530 and 23,785, with key moving averages flattening and momentum indicators remaining subdued.

Stocks jumped at ‌the start of trading in Asia on Wednesday as investors took cues from a rebound in U.S. markets, shrugging off climbing oil prices ⁠as Houthi rebels threatened to open a front in the widening Middle East conflict.

MSCI’s broadest index of Asia-Pacific shares outside Japan was up 1.2% as South Korea’s Kospi jumped more than 6%. Japan’s ‌Nikkei 225 gained 1.9%, while S&P 500 e-mini futures edged 0.1% lower.

Brent crude nudged 0.6% higher to $91.55 a barrel after two oil tankers carrying ‌Saudi crude to Asia reversed course in the Red Sea on Tuesday after ‌threats ⁠of attack from Yemen’s Iran-aligned Houthis.

Benchmarks declined for the second consecutive session on Tuesday, weighed down by elevated crude oil prices hovering near $90 a barrel, persistent foreign institutional selling, and escalating tensions in West Asia as the US-Iran conflict entered its tenth consecutive day, with Yemen’s Houthis threatening a naval blockade on Saudi Arabia. Read more here

The rupee remained largely stable over the past week and closed at 96.24 against the dollar on Tuesday. Although the local currency declined about 0.2 per cent during the session, erasing Monday’s gains, it largely held its ground amid mixed global cues.

Crude oil prices have once again emerged as a key headwind. Brent crude futures, currently trading around $90 per barrel, have surged nearly 25 per cent in July. The renewed strength follows fresh geopolitical tensions. Risks seem to be elevating after Yemen’s Iran-backed Houthis announced plans to impose a naval blockade against Saudi Arabia. The development has reinforced concerns that disruptions to energy supplies remain a persistent risk, keeping pressure on oil prices and the rupee. Read the full story here

Discover key intraday support and resistance levels for Nifty50 stocks in our comprehensive Day Trading Guide for July 22, 2026.

Buy Rain Industries shares at ₹223; target ₹255 with bullish momentum and strategic stop-loss guidance for traders.