Sensex, Nifty Turn Positive; IT, Bank Stocks Lead Afternoon Upside | July 16, 2025
Sensex and Nifty rebound in afternoon trade on July 16, 2025, led by IT and Bank Nifty. India VIX drops 2%. Watch key levels and stock trends.
Sensex, Nifty Turn Positive; IT, Bank Stocks Lead Afternoon Upside | July 16, 2025 – 2:00 PM IST
After a subdued start, Indian equity markets staged a strong recovery by afternoon on Wednesday, July 16, 2025, backed by renewed buying interest in IT and banking stocks. At 2:08 PM IST, the Sensex climbed 160.36 points to 82,731.27 (+0.19%), while the Nifty 50 rose 49.30 points to 25,245.10 (+0.20%).
Key Market Snapshot:
| Index | LTP | Change | % Chg |
|---|---|---|---|
| Sensex | 82,731.27 | +160.36 | +0.19% |
| Nifty 50 | 25,245.10 | +49.30 | +0.20% |
| Nifty Bank | 57,258.50 | +251.85 | +0.44% |
| Nifty IT | 37,683.55 | +258.95 | +0.69% |
| India VIX | 11.25 | -0.23 | -2.00% |
| Nifty Midcap 100 | 59,687.95 | +75.30 | +0.13% |
| Nifty Smallcap 100 | 19,145.60 | +10.35 | +0.05% |
🔍 Market Trend & Insights:
- Tech bounce sparks recovery: IT stocks rebounded sharply, lifting sentiment after a sluggish start. Tech Mahindra, TCS, and L&T Tech were among top gainers.
- Bank Nifty leads breadth: Private and PSU banks outperformed, helping the index rise nearly 0.44%, with strength seen in Axis Bank, ICICI Bank, and PNB.
- Volatility eases: India VIX dropped 2% to 11.25, signaling a steady shift towards risk-on sentiment.
- Wider market participation: Midcap and smallcap indices stayed mildly positive as rotational buying kept the broader market afloat.
📈 What to Watch for Today:
- Intraday Resistance Zones:
- Nifty 50 now faces hurdle near 25,300–25,350.
- Seen support at 25,110 — a breakdown below which may trigger more profit booking.
- Key Stock Watchlist:
- Tech Mahindra, L&T Tech, TCS – Positive momentum post-earnings recovery.
- RVNL, NTPC, DLF – Sector rotation in capital goods, infra, and realty.
- DMart, ITC, Bajaj Finserv – Mixed moves on recent business updates.
- Macro-Triggers:
- Post-market inflation data (CPI, WPI) today could reset near-term RBI outlook.
- Global markets remain range-bound as earnings season unfolds and US Fed speaks.
🔮 Market Prediction:
If Nifty sustains above 25,200 with support from IT and banks, there's potential extension to 25,350 by close. However, any disappointment in macro data could bring late volatility.
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