July has been a volatile month for domestic equities. According to reports, the BSE Sensex rose about 0.17% to nearly 77,185 points on July 15.
A sharp fall came earlier
- The Sensex fell about 1,677 points (2.15%) on July 8
- Investors turned cautious as US-Iran tensions escalated
- Crude jumped roughly 6% and the rupee weakened to about 95.5 per dollar
What steadied the market
Reports say banking and financial stocks supported the market ahead of quarterly earnings, while cooler-than-expected US inflation data also lifted sentiment.
