Stock market today, July 16 -- The Indian stock market closed higher on Wednesday, July 15, with benchmark indices Sensex and Nifty 50 ending with modest gains, while the broader market outperformed as the mid- and small-cap indices advanced by up to 0.5%. Investor sentiment remained cautious amid escalating US-Iran tensions and rising crude oil prices.

The 30-share Sensex climbed 130 points, or 0.17%, to settle at 77,185.43, while the Nifty 50 gained 26 points, or 0.11%, to close at 24,078.50.

On Thursday, the market is likely to open on a steady note as trends in the Gift Nifty index signalled a positive start. Gift Nifty was trading near the 24,106 mark, up 39 points from the previous close of Nifty futures.

"Indian markets are expe...