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 earnin...
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