Benchmark indices Nifty and Sensex held firm in the green on July 15, buoyed by strong buying in auto, PSU bank, and IT stocks. Hero MotoCorp led the rally, emerging as the top Nifty gainer after upbeat commentary in its annual report. Broader markets outpaced the benchmarks, reflecting broad-based strength across sectors.
At about 12:30 pm, the Sensex was up 384.31 points or 0.47 percent at 82,637.77, and the Nifty was up 127.50 points or 0.51 percent at 25,209.80. About 2327 shares advanced, 1104 shares declined, and 135 shares were unchanged.
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"FIIs have also added short positions in the derivatives segment, and while short covering could spark a sharp bounce, there are no clear triggers on the horizon to drive that", says VK Vijayakumar, Chief Strategist at Geojit Investments Limited.
The market is currently drifting without any strong directional cues. FIIs, who were net buyers in April, May, and June, have turned sellers in July, putting pressure on large-cap stocks. However, the broader market remains relatively firm, thanks to the lack of institutional selling, even as valuations stay elevated, he added.
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Sectoral indices on the NSE were trading broadly higher on July 15, with India VIX slipping 2.5 percent to 11.68, indicating continued low volatility. Nifty Auto led the gains with a 1.47 percent rise, followed by Realty, which climbed 1.32 percent, and PSU Bank, up 1 percent. Other notable movers included Pharma (0.85 percent), Consumer Durables (0.67 percent), and the Midcap and Smallcap 100 indices, which advanced 0.64 percent and 0.76 percent, respectively. Banking, IT, FMCG, and Energy indices also posted modest gains, reflecting a broadly positive undertone across the market.
Hero MotoCorp rallied 4 percent on July 15, emerging as the top Nifty gainer, after the company outlined an ambitious global expansion plan and upbeat guidance in its latest annual report. The two-wheeler major said it will enter key European markets—Germany, France, Spain, and the UK—in the second quarter of FY26, signalling a renewed international push.
Pharma major Sun Pharma rose over 2 percent, extending their gains for a third straight session. The rally comes after the company settled a patent dispute with US-based Incyte Corporation, clearing the path for the immediate launch of LEQSELVI (deuruxolitinib) in the US.
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Shares of Rallis India surged up to 9 percent after the company posted strong earnings for the June quarter (Q1FY26). The stock has rallied 25 percent so far in 2025, significantly outperforming the Nifty 50, which is up around 5 percent during the same period. In Q1FY26, Rallis India’s net profit nearly doubled year-on-year to Rs 95 crore, up from Rs 48 crore in the corresponding quarter last year.
Hero MotoCorp, Sun Pharma, Bajaj Auto, Eicher Motors, and Wipro were the top gainers on the Nifty. Laggards on the index included HCL Tech, HDFC Life Insurance, Eternal, SBI Life Insurance, and Tata Steel.
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