New Delhi, July 16 -- The stock market bulls returned to Dalal Street on Tuesday, July 15, as investors lapped up banking and financial stocks amid rate cut expectations by the RBI.

The retail inflation slowed to a more than six-year low of 2.10% in June, spurring more rate cuts of 25-50 bps by the RBI in the upcoming policy meetings. Against this backdrop, both Sensex and Nifty snapped their four-day losing run and closed in the green.

The Nifty 50 closed 0.45% higher at 25,195.80 and the BSE Sensex added 0.39% to 82,570.91. The indices had lost almost 1.7% in the last four sessions.

The buying action also remained firm in the broader markets, as both the BSE Midcap and BSE Smallcap indices added nearly 1%. Sectorally, all 13 major in...