Stock market news, July 16 -- Indian benchmark indices traded marginally higher on Thursday, as gains in information technology stocks offset weakness in select financial counters following their quarterly earnings. However, persistent geopolitical tensions in the Middle East continued to cap investor risk appetite.

The Nifty 50 rose 0.30% to 24,153, while the BSE Sensex advanced 0.38% to 77,478.49 at 11:58 IST.

Investor sentiment remained cautious after the United States carried out fresh strikes on Iran's coastal defence and missile sites following the reimposition of a naval blockade on Iranian ports. In response, Tehran warned it could further disrupt regional energy exports, describing the conflict as an "existential war" with Wash...