New Delhi, July 15 (H.S.): The domestic stock market rebounded today after facing pressure since July 9, aided by expectations of a repo rate cut, falling crude oil prices, support from global markets, and IT sector buying. Vice President of Dhami Securities, Prashant Dhami, noted that the trend of declining retail inflation, as per the Consumer Price Index (CPI), continues, with retail inflation in June dropping to 2.50 percent from 2.82 percent in May, and standing at 5.08 percent year-on-year. This situation has led to renewed hopes for an interest rate cut by the Reserve Bank of India.

Dhami also highlighted the supportive sentiment from the US stock market's positive performance in the previous session and the strong atmosphere in Asian markets today, which positively influenced the domestic market. Ravi Chander Khurana, CEO of Khurana Securities and Financial Services, pointed out that the decrease in international crude oil prices—Brent crude futures fell by up to 39 percent to $68.55 per barrel—has created a favorable environment for the domestic stock market, benefiting India's trade deficit management and impacting various sectors of the economy. Despite today's strength, market experts warn of ongoing global market turmoil, advising small traders to strategize carefully to avoid potential losses.

Hindusthan Samachar / Jun Sarkar