Mumbai, July 15 || The Indian stock markets bounced back on Tuesday after four straight sessions of losses, supported by positive global cues, easing retail inflation and steady foreign fund inflows.
Both benchmark indices ended the day with strong gains. At the closing bell, the Sensex rose by 317 points, or 0.39 per cent, to settle at 82,570.91.
Following suit, the Nifty ended 113.5 points higher at 25,195.8 -- marking a gain of 0.45 per cent for the day.
Market sentiment is showing signs of improvement, supported by a blend of global and domestic developments, said analysts.
“Domestic inflation has fallen to multi-year lows, strengthening expectations of a further rate cut by the RBI -- potentially accelerating future economic growth, which is currently showing signs of improvement," said Vinod Nair of Geojit Investments Limited.
Broader markets also participated in the rally. Both the Nifty MidCap and Nifty SmallCap indices rose around 0.95 per cent -- indicating strong buying interest beyond the large-cap space.
All sectoral indices on the 50-share index closed in the green. The Nifty Auto index led the gains with a 1.5 per cent rise, while the Nifty Pharma and Healthcare indices also performed well, climbing over 1 per cent each.