Sensex Surges 450 pts, Nifty Crosses 25,200 on Cooling Inflation & Tech Buying
Sensex jumped nearly 450 pts and Nifty crossed 25,200 on July 15, driven by a sharp fall in retail inflation, global market support, and strong tech & banking sector buying.
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Indian stock markets rebounded sharply on July 15, with the Sensex rising around 450 points and the Nifty climbing past the 25,200 threshold, fueled by easing retail inflation, positive global cues, and strong tech-sector momentum.
Key Drivers Behind the Rally:
Retail Inflation Hits Six-Year Low
June’s CPI inflation fell to 2.1%—its lowest in over six years—raising expectations of an RBI rate cut in August.
Global & Regional Market Support
Gains in Asian markets and overnight strength on Wall Street provided further momentum.
IT Stocks Stage Bounce-back
The Nifty IT index snapped a four-day slide, rising nearly 1% on renewed buying in stocks like Infosys, Wipro, and LTIMindtree .
Sectoral Strength and Broad Market Rally
PSU banks, auto, and mid/small caps joined the rally. Hero MotoCorp, Sun Pharma, Bajaj Auto, Eicher Motors and IndusInd Bank led gains as India’s VIX continued to ease .
By midday, the Sensex rose about 0.6%, reaching Rs82,750, while the Nifty surged 0.65%, settling above 25,245.
