Indian equity markets closed higher on Monday, July 6, 2026, with benchmark indices gaining more than 0.6 percent. Stable crude oil prices and buying in financial, auto and realty stocks supported the rally, according to market analysts.
Key Indices Performance
The NSE Nifty 50 ended the session at 24,430.35, up 159.50 points or 0.66 percent. The BSE Sensex settled at 78,285.07, gaining 521.16 points or 0.67 percent. Both indices recorded broad-based gains.
Market Drivers
Market experts attributed the positive sentiment to stable crude oil prices, which strengthened the broader macroeconomic outlook. Vinod Nair, Head of Research at Geojit Investments Limited, said, "Indian equities traded with a positive bias despite mixed global cues, supported by stable crude prices. Continued softness in crude would support inflation, the current account balance, OMC profitability, and overall macro stability."
Nair added, "Globally, profit-booking in crowded AI-led trades impacted the global market while India could perform well led by large caps due to improvement in FIIs inflows trend. On the domestic front, financials, autos, realty, and oil & gas led the gains."
Sectoral Trends
Among sectoral indices on the NSE, Nifty Realty emerged as the top performer, rising 1.75 percent. Nifty Auto gained 1.38 percent, Nifty Metal advanced 0.88 percent, Nifty Pharma rose 0.54 percent, and Nifty FMCG added 0.27 percent. In contrast, Nifty PSU Bank declined 0.83 percent, Nifty Media slipped 0.87 percent, and Nifty IT fell 0.52 percent.
Nair explained, "Financials were supported by expectations of healthy private bank earnings, while autos benefited from strong volume trends and improving demand outlook. Realty remained buoyed by resilient housing demand."
Top Gainers and Losers
Within the Nifty 50, the top gainers included HDFC Bank, Hindalco, ONGC, Bajaj Auto, and Mahindra & Mahindra. The top losers were Kotak Bank, Max Healthcare, TCS, Coal India, Bajaj Finserv, and Wipro.
Commodity Market Updates
Brent crude oil prices continued to soften, trading 0.61 percent lower at USD 71.66 per barrel at the time of filing this report. Gold prices declined 0.48 percent to Rs 1,46,672 per 10 grams for 24-karat gold, while silver prices fell 0.26 percent to Rs 2,36,800 per kg.
Global Market Cues
Asian markets exhibited a mixed trend. Japan's Nikkei 225 slipped 0.15 percent to 69,637, Taiwan's weighted index declined 0.48 percent to 46,556, and South Korea's KOSPI fell 0.46 percent to 8,051. Meanwhile, Singapore's Straits Times gained 0.30 percent to 5,259, and Hong Kong's Hang Seng advanced 0.78 percent to 23,533.
