Indian equity benchmarks Sensex and Nifty snapped a four-day winning streak on Tuesday, July 7, 2026, as heavy profit booking dragged markets lower. The decline mirrored weakness in Asian equities, but buying in IT stocks helped cushion the overall fall.
Sensex and Nifty Close Lower
The 30-share BSE Sensex settled 104.35 points, or 0.13 per cent, lower at 78,180.72 after a volatile session. During the day, it had climbed 379.85 points, or 0.48 per cent, to an intraday high of 78,664.92 before fag-end selling pulled it down.
The broader 50-share NSE Nifty dipped 31.65 points, or 0.13 per cent, to close at 24,398.70.
Trent Leads Losers After Weak Q1 Revenue
Among Sensex constituents, Trent emerged as the top loser, tumbling 12.42 per cent after its June quarter revenue growth missed market expectations. Other laggards included Adani Ports, Bharat Electronics, Larsen & Toubro, Reliance Industries, and ICICI Bank.
On the winning side, IT stocks provided support. HCL Tech, Tech Mahindra, Infosys, Titan, Eternal, and Tata Consultancy Services were among the major gainers.
Global Cues and Commodities
Asian equities traded lower, influencing sentiment in Indian markets. Meanwhile, global oil benchmark Brent crude jumped 1.22 per cent to USD 72.87 per barrel, adding to inflationary concerns.
According to market analysts, profit booking was expected after the recent rally, and IT stocks helped prevent a sharper decline. The broader market remains cautious amid global economic uncertainties and corporate earnings updates.
