Sensex gains over 100 points in early trade; Nifty tops 15,850
The Hindu
The 30-share BSE index was trading 111.50 points or 0.21% higher at 53,015.55 in initial deals, while the broader NSE Nifty rose 31.30 points or 0.20% to 15,885.25
Equity benchmark Sensex advanced over 100 points in early trade on July 15, tracking gains in index majors L&T, HDFC Bank and HCL Tech amid a largely positive trend in global markets. The 30-share BSE index was trading 111.50 points or 0.21% higher at 53,015.55 in initial deals, while the broader NSE Nifty rose 31.30 points or 0.20% to 15,885.25. L&T was the top gainer in the Sensex pack, surging over 3%, followed by HCL Tech, Tech Mahindra, HDFC Bank, Dr Reddy’s and UltraTech Cement.
The latest Household Consumption Expenditure Survey (HCES) by MoS&PI reveals a transformative shift in India’s economic landscape. For the first time in over a decade, granular data on Monthly Per Capita Expenditure (MPCE) highlights a significant decline in the proportional share of food spending—a classic validation of Engel’s Law as real incomes rise. Between 1999 and 2024, both rural and urban consumption pivoted away from staple-heavy diets toward protein-rich foods, health, education, and conveyance. As Indian households move beyond subsistence, these shifting Indian household spending patterns offer vital insights for social sector policy, poverty estimation, and the lived realities of an expanding middle-income population.












