Stock Market Update 16 July 2026: Sensex Gains Over 250 Pts; Nifty 50 Above 24,150

Both the Sensex and Nifty 50 were trading higher after the market opening on Thursday, 16 July 2026.

At around 9:18 AM, the Sensex was up by around 252 points (0.33%) to trade at 77,437.23. The Nifty 50 was also trading higher by around 74 points (0.31%) at 24,152.10.

On Wednesday, 15 July 2026, the indices started with rallies but lost steam as the day progressed. At the closing bell, the Sensex stood at 77,185.43, up 0.17%. The Nifty 50 stood at 24,078.50, up 0.11%.

How Other Indices Are Performing?

Apart from the Sensex and the Nifty 50, other Indian stock market indices traded in mixed directions during early trading on Thursday.

At around 9:20 AM, Bank Nifty was up by 5 points (0.01%) to trade at 57,762.40. The Nifty Financial Services index, on the other hand, was trading lower by around 60 points (0.22%) at 26,633.35.

Among the sectoral indices, Nifty Auto gained 0.80%, Nifty FMCG gained 0.33%, Nifty Metal gained 0.28%, Nifty Pharma gained 0.23% and Nifty IT gained 1.21%. Nifty PSU Bank was the only index in the red (down 0.06%).

Top Gainers And Losers

The market breadth was mostly positive during early trading on Thursday. About 1,543 shares were in the green, 742 in the red, and 144 remained unchanged.

The top gainers on the Nifty included HCL Tech, Infosys, Tech Mahindra, Hindalco and Wipro.

The top losers were SBI Life Insurance, Grasim, ONGC, Bajaj Finserv and Eicher Motors.

What About The Global Markets?

Global markets gave mixed cues on Thursday morning amid escalating Middle East tension.

• S&P 500 futures were little changed as of 11:55 AM Tokyo time.

• Nikkei 225 futures (OSE) fell 2.5%.

• Japan’s Topix fell 1.1%.

• Australia’s S&P/ASX 200 fell 0.3%.

• Hong Kong’s Hang Seng rose 1.7%.

• The Shanghai Composite fell 0.6%.

• Euro Stoxx 50 futures were little changed.

Factors Impacting The Markets

• Escalating Geopolitical Tensions: The Middle East tensions between the USA and Iran have escalated again. On Wednesday, there were reports of fresh strikes exchanged between the two countries.

• Oil Prices Hike: Amid fears of US-Iran escalation and disruptions in the global supply chain, crude oil prices rose to around $86 per barrel on Thursday morning.

• Rupee Remains Higher: The Indian National Rupee (INR) opens very marginally higher by 1 paise at 96.24 per US dollar on Thursday.

Investor Takeaway

The markets are highly volatile at the moment. After Wednesday's choppy trading session, market volatility could remain high even on Thursday. Investors must monitor the geopolitical factors closely before taking any positions.

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