Stock market today, July 15 -- Indian benchmark indices, Sensex and Nifty 50, recovered in early trade on Wednesday, rebounding from the previous session's losses as banking stocks advanced and softer-than-expected US inflation data boosted hopes that the Federal Reserve could adopt a less hawkish approach to monetary policy.

The BSE Sensex surged 553 points to 77,603.57, while the NSE Nifty 50 climbed 148.15 points to 24,198.40 in early deals.

Despite the recovery, investor sentiment remained cautious amid escalating geopolitical tensions in the Middle East. The US and Iran continued to exchange strikes, while tensions over control of the Strait of Hormuz kept markets on edge.

Meanwhile, Brent crude rose 1.4% to around $86 per barrel ...