Stock market today: The Indian stock market witnessed healthy broad-based buying in intraday trade on Wednesday, July 15, with benchmark indices Sensex and Nifty 50 rising more than 0.5%, while the mid- and small-cap indices gained up to 1%, despite escalating US-Iran tensions and rising crude oil prices.
The 30-share pack rose nearly 600 points, or 0.80%, to an intraday high of 77,641.86, while the Nifty 50 climbed to 24,220.35, rising more than 150 points, or 0.70%.
The Nifty Midcap 100 index rose by 0.70% to hit its 52-week high of 63,183.35, while the Nifty Smallcap 100 index vaulted 1.2% to its 52-week high of 19,450.35.
Investors wealth grew by about ₹4 lakh crore as the overall market capitalisation of BSE-listed firms rose to more than ₹483 lakh crore during Wednesday’s session from ₹479.5 lakh crore in the previous session.
Meanwhile, as per reports, US military carried for a fourth consecutive day on Tuesday (local time) and reimposed a naval blockade to prevent ships from sailing to or from the country’s ports.
September delivery jumped over 1% higher to trade near $86 per barrel.
Why is stock market rising?
Let’s take a look at five key factors behind the rise in the domestic stock market:
1. Soft US inflation data
Perhaps the biggest reason behind the market rise today. Soft US inflation data influenced sentiment globally as it made market participants dial back expectations of aggressive rate hikes by the US Federal Reserve this year.
(CPI) inflation eased to 3.5% in June 2026 from 4.2% in May. Month-on-month, the US CPI declined 0.4%, the first decline since the COVID-19 pandemic (April 2020), after increasing 0.5% in May.
Annualised core inflation, or inflation excluding the volatile food and energy components, increased by 2.6% year-on-year compared with expectations for 2.8%, and after rising 2.9% year-on-year in May.
Markets across the globe cheered US June CPI data. Among , South Korea’s Kospi jumped 8%, while Japan’s Nikkei 225 index and Hong Kong’s Hang Seng index traded higher.
2. Trump withdraws the proposed transit fee
A day after announcing a 20% transit fee through the , US President Donald Trump dropped his demand for the toll on Tuesday. Instead, he said he has decided to replace it with trade and investment deals that the various Gulf states. Moreover, he declared the Strait of Hormuz was open to all ships except for Iran.
3. The updated Russia sanctions bill
U.S. senators unveiled an updated on Tuesday, which cuts the tariff threat for countries like China and India, who import of Russian oil and gas, from originally proposed 500% to 100%.
The bill authorises the Trump administration to impose tariffs set at a rate above zero but capped well below full value on countries identified as the largest buyers of Russian oil.
4. Value buying in financials, auto counters
Experts say value buying in banking, financials, and auto stocks amid expectations of healthy Q1 earnings is also among the key reasons why the stock market is rising today.
“Q1 results of leading banks, NBFCs and auto stocks will be good. Digital platform companies are likely to report good growth numbers,” VK Vijayakumar, Chief Investment Strategist, Geojit Investments, noted.
“From a medium-term perspective, the appears favourable. The recent rebound itself is evidence of how quickly sentiment can shift once valuations become attractive,” Ashutosh Tiwari, MD and CIO- Public Equities, Equirus Asset Management, told Mint.
5. Technical factor
Nifty has a crucial support at 24,000. The index rebounded today after closing at 24,052 in the previous session.
Rajesh Palviya, the head of research at Axis Direct, pointed out that 24,000, which coincides with the 20-day moving average, is a crucial support, and a decisive breach may accelerate weakness towards 23,900-23800. He, however, added that the 24,200 level continues to be the immediate hurdle, and a sustained move above it could pave the way towards 24,350–24,500.
As per Sachin Gupta, VP – Research, Technical Research, at Choice Broking, the immediate trading range for the Nifty is expected between 23,900 and 24,250.
“On the upside, a decisive move above 24,250 could open the path towards 24,400–24,500, while on the downside, a breach below 23,900 could drag the index towards the crucial 23,800–23,700 support zone. Given the overall sideways bias, the index is likely to remain confined within this band unless a fresh catalyst emerges,” said Gupta.
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Disclaimer: This article is for educational purposes only and does not constitute investment advice. The views and recommendations expressed are those of individual analysts or broking firms, not Mint. We advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and circumstances may vary.