How Are Sensex and Nifty Performing Amid Positive Domestic Cues?

Synopsis
Key Takeaways
- Sensex up by 156 points or 0.19 percent.
- Nifty gains 55 points, reaching 25,136.
- Midcap and smallcap stocks are witnessing increased buying.
- FIIs continued selling, while DIIs maintained their buying momentum.
- Inflation rate decline may lead to potential rate cuts.
Mumbai, July 15 (NationPress) The Indian equity markets commenced on a positive note, buoyed by favorable domestic indicators such as a further decline in inflation. Morning trade from Asia also reflected optimistic trends.
By 9:24 AM, the Sensex surged by 156 points, equating to a 0.19 percent increase, reaching 82,410, while the Nifty rose by 55 points to stand at 25,136.
Investors showed interest in midcap and smallcap stocks, with the Nifty midcap 100 index climbing by 310 points to 59,363, and the Nifty smallcap 100 index gaining 145 points, or 0.77 percent, reaching 19,100.
“In this landscape of high volatility and mixed signals, traders are advised to adopt a careful ‘buy-on-dips’ strategy, especially when leveraging,” stated Hardik Matalia from Choice Broking.
Within the Sensex constituents, significant gainers included Sun Pharma, BEL, Bharti Airtel, M&M, Tata Motors, Bajaj Finserv, Infosys, Maruti Suzuki, Tech Mahindra, Trent, SBI, TCS, and Bajaj Finance. Conversely, the top laggards were HCL Tech, Eternal, Tata Steel, UltraTech Cement, HDFC Bank, ICICI Bank, and Axis Bank.
In Asian markets, indices in Tokyo, Hong Kong, and Jakarta showed gains, while Shanghai, Bangkok, and Seoul faced declines. The US markets had a positive closing on Monday.
From a capital flow perspective, foreign institutional investors (FIIs) continued their sell-off for the second consecutive day on July 14, offloading equities worth Rs 1,614 crore. In contrast, domestic institutional investors (DIIs) maintained their buying momentum for six days, acquiring equities valued at Rs 1,787 crore.
“A notable macro trend is the reduction of CPI inflation in June to 2.10 percent. It seems that inflation may fall below the Reserve Bank of India’s forecast of 3.7 percent CPI inflation for FY26, which has sparked hopes for rate reductions,” analysts noted.
Market experts suggest considering new long positions only if the Nifty stays above 25,378. While the overall sentiment is cautiously optimistic, it’s crucial to keep a close eye on critical technical levels and global developments.