The Indian market benchmark indices Sensex and Nifty ended higher on Wednesday, July 15, 2026, as bank stocks led the charge and softer-than-expected US inflation data reinforced expectations of a less aggressive monetary policy stance from the Federal Reserve.
Indian equity markets witnessed a significant surge on Friday, driven by strong buying in blue-chip stocks and the release of Q1 results. The sensex climbed 965 points to reach the 24,330 level, while the rupee strengthened against the US dollar.
Bank stocks witnessed a significant decline in market value, with HDFC Bank, Axis Bank, and Kotak Mahindra Bank losing approximately Rs 91,000 crore. The decline was largely due to the squeeze on net interest margins, but analysts point to corporate lending acceleration and subdued retail credit as key factors.
