Sensex gains 100 points, Nifty 50 ends above 24,050 amid escalating US-Iran tensions
Indian stock markets saw modest gains on Wednesday, with the Sensex and Nifty 50 closing higher despite global concerns over US-Iran tensions and rising oil prices. The market rise was largely attributed to soft US inflation data, which eased fears regarding aggressive Federal Reserve interest rate hikes.
Why it matters
Market performance in India is highly sensitive to US economic indicators and geopolitical stability, impacting investor wealth and sector-specific growth.
Stock market today: The Indian stock market ended in the green on Wednesday, July 15, with benchmark indices Sensex and Nifty 50 posting modest gains, while the mid- and small-cap indices gaining up to half a per cent amid escalating US-Iran tensions and rising crude oil prices.The 30-share pack rose 130 points, or 0.17%, to close at 77,185.43, while the Nifty 50 ended at 24,078.50, rising 26 points, or 0.11%.The Nifty Midcap 100 index ended 0.28% higher, while the Nifty Smallcap 100 index rose by 0.67%.UltraTech Cement, Eternal, and HDFC Life Insurance Company ended as the top gainers in the Nifty 50 index, while Hindalco Industries, Power Grid Corporation of India, and Tata Steel ended as the top laggards in the index.Among the sectors, Nifty PSU Bank (up 0.95%), Consumer Durables (up 0.73%), and Oil and Gas (up 0.69%) ended with healthy gains.Nifty Bank climbed 0.51%, while the Financial Services…
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