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FinanceIndian stock indices rise in early trade led by IT stocks on Fed policy hopes
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Indian benchmark indices Sensex and Nifty climbed in early trade on Thursday, July 16, 2026, driven by gains in IT stocks and optimism that the U.S. Federal Reserve may adopt a less aggressive monetary policy stance following softer-than-expected inflation data. The 30-share BSE Sensex rose 185.77 points to 77,400.40, while the 50-share NSE Nifty gained 42.15 points to 24,132.60. Major winners included HCL Technologies, Mahindra & Mahindra, Maruti, Tech Mahindra, Infosys, and Bajaj Finance, while laggards included Eternal, Bajaj Finserv, Axis Bank, and Bharat Electronics. Brent crude oil was slightly lower at $84.69 per barrel. Asian markets were mixed, with South Korea's Kospi falling 6.31% and Japan's Nikkei lower, while Hong Kong's Hang Seng rose. U.S. markets ended higher on Wednesday, supported by mega-cap technology stocks and softer wholesale inflation data. Foreign Institutional Investors (FIIs) sold equities worth ₹735.83 crore on the previous trading day.
Source report
Benchmark indices gain on hopes of less aggressive U.S. Fed policy after softer inflation data
Published: July 16, 2026 11:39 am IST — Mumbai | PTI
Market Overview
Benchmark indices Sensex and Nifty climbed during early trade on Thursday (July 16, 2026), driven by IT stocks and expectations that the U.S. Federal Reserve may adopt a less aggressive monetary policy stance following softer-than-expected inflation data.
- BSE Sensex: Climbed 185.77 points to 77,400.40 in early trade
- NSE Nifty: Rose 42.15 points to 24,132.60
Top Gainers and Losers
Major winners from the Sensex pack:
- HCL Technologies
- Mahindra & Mahindra
- Maruti
- Tech Mahindra
- Infosys
- Bajaj Finance
Laggards:
- Eternal
- Bajaj Finserv
- Axis Bank
- Bharat Electronics
Global Market Cues
Asian Markets:
- South Korea's Kospi tanked 6.31%
- Japan's Nikkei 225 and Shanghai's SSE Composite Index traded lower
- Hong Kong's Hang Seng Index traded higher
U.S. Markets (Wednesday, July 15, 2026):
- S&P 500 gained 0.38%
- Nasdaq added 0.62%
"Overnight, U.S. markets finished higher, supported by strength in mega-cap technology stocks and softer U.S. wholesale inflation data that eased concerns over further policy tightening." — Rajesh Palviya, Head of Research, Axis Direct
Commodities:
- Brent crude quoted 0.31% lower at $84.69 per barrel
Market Outlook
"With no major changes in crude prices and global markets holding steady, our market is likely to trade in a narrow band with a positive bias. With many companies reporting their Q1 results in the coming days, the market is likely to respond to the results." — V.K. Vijayakumar, Chief Investment Strategist, Geojit Investments Limited
FII Activity
Foreign Institutional Investors (FIIs) offloaded equities worth ₹735.83 crore on Wednesday (July 15, 2026), according to exchange data.
Previous Session Recap (Wednesday, July 15, 2026)
- Sensex: Climbed 130.49 points (0.17%) to settle at 77,185.43
- Nifty: Rose 26.45 points (0.11%) to close at 24,078.50
Currency: The rupee slipped 6 paise to 96.31 against the U.S. dollar in early trade.
Source
The Hindu: Latest News today from India and the World, Breaking news, Top Headlines and Trending News Videos.Regional
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