On July 16, 2025, the Indian stock market closed with modest gains, driven by a strong performance in PSU banking stocks. The S&P BSE SENSEX edged up by 63.57 points, or 0.08%, to settle at 82,634.48, while the NSE NIFTY50 gained 16.25 points, or 0.06%, ending at 25,212.05. Investors adopted a cautious approach amid the ongoing corporate earnings season and mixed global market signals.
PSU Banks Lead the Charge
The PSU banking sector emerged as a standout performer, with all stocks in the segment closing in positive territory. State Bank of India (SBI) was among the top gainers after its board approved a plan to raise up to ₹20,000 crore through bonds for the financial year 2025-26. This development sparked significant interest, making SBI one of the day's buzzing stocks.
Broader Market Stays Flat
Despite the uptick in headline indices, the broader market showed limited movement, reflecting investor caution. Market participants are closely monitoring upcoming corporate earnings, with Tech Mahindra’s results, due later on July 16, expected to influence market sentiment.
Institutional Activity
According to exchange data, foreign institutional investors (FIIs) purchased equities worth ₹120.47 crore on a net basis on July 15, while domestic institutional investors (DIIs) were more aggressive, buying equities worth ₹1,555.03 crore. This sustained institutional interest supported the market’s marginal gains.
Global Markets Mixed
Global cues remained mixed, impacting investor sentiment. In Asia, Japan’s Nikkei 225 dipped 0.04% to 39,663.40, and Hong Kong’s Hang Seng fell 0.30% to 24,517.76. The Shanghai Composite closed marginally lower by 0.03% at 3,503.78, and South Korea’s Kospi dropped 0.91% to 3,186.3. However, Singapore’s Straits Times bucked the trend, rising 0.30% to 4,132.25.
In the US, the Nasdaq Composite hit a record high, gaining 0.18% to close at 20,677.80, fueled by strong performance in Nvidia shares. In contrast, the Dow Jones Industrial Average fell 0.98% to 44,023.29, and the S&P 500 declined 0.40% to 6,243.76, pressured by concerns over President Donald Trump’s proposed trade tariffs and higher-than-expected June inflation data.
Outlook
The Indian market’s cautious optimism reflects a balancing act between domestic strength in PSU banks and global uncertainties. Investors are likely to remain focused on corporate earnings and global economic developments, including US trade policies and inflation trends, to gauge future market direction.
Stay tuned for updates on Tech Mahindra’s earnings and their potential impact on market sentiment.
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