Nifty 50, Sensex Rise for 4th Day — Why Bulls Are Eyeing 24,800 Next
Will the stock market rally continue after Nifty reclaimed 24,400?
Stock Market Today delivered another strong session as Indian equities extended their winning streak to a fourth consecutive day. The Nifty reclaimed a crucial technical level, the Sensex gained more than 500 points, and nearly 200 stocks hit fresh 52-week highs.
The rally was driven by strong quarterly business updates, improving monsoon prospects, sustained foreign institutional investor (FII) inflows, easing geopolitical tensions and softer crude oil prices. With bullish momentum strengthening, investors are now asking whether the market can push toward the 25,000 mark.
Stock Market Today: Sensex rise and Nifty close near day’s high
Stock Market Today remained firmly positive throughout Monday’s session.
Indian equity markets extended their winning streak for the fourth consecutive session on July 6, 2026, with benchmark indices closing firmly in the green, supported by strong buying in banking, metals, oil & gas and auto stocks.
After opening higher, benchmark indices extended gains during the day. Although mild profit booking emerged in the afternoon, buying in the final trading hour pushed the benchmarks close to their intraday highs.
Track Live : Stock Market Today
At the closing bell:
| Index | Close | Change |
|---|---|---|
| Sensex | 78,285.07 | +521.16 (+0.67%) |
| Nifty 50 | 24,430.35 | +159.50 (+0.66%) |
| Bank Nifty | 58,291.50 | +353.00 (+0.61%) |
| Nifty Financial Services | 26,993.85 | +118.80 (+0.44%) |
| BSE Bankex | 65,942.03 | +491.73 (+0.75%) |
The broader market also remained healthy. The Nifty Midcap Index gained 0.4%, while the Nifty Smallcap Index rose 0.7%, reflecting broad-based buying across market segments.
Volatility
- India VIX: 11.82 (+0.16%)
The volatility index remained below 12, suggesting investor confidence continues to stay healthy.
Here’s what happened today and why traders reacted
Several positive factors combined to lift Stock Market Today.
Strong Q1 business updates from private sector banks, especially HDFC Bank, boosted confidence in financial stocks.
Investor sentiment also improved due to better monsoon progress, continued FII buying, easing geopolitical concerns and softer Brent crude prices, which reduced worries over inflation and India’s import bill.
These supportive factors encouraged fresh buying across banking, auto, realty and metal stocks.
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Realty, auto and oil & gas sectors lead the market higher
Sectoral performance remained broadly positive throughout the session.
The Realty Index emerged as the biggest gainer with a 1.8% rise.
Best Performing Sectors
- Nifty Realty: +1.81%
- Nifty Consumer Durables: +1.48%
- Nifty Auto: +1.36%
- Nifty Oil & Gas: +1.12%
- Nifty Metal: +0.98%
Weak Sectors
- Nifty Media: -0.95%
- Nifty IT: -0.59%
On the other hand, Media fell 0.95%, PSU Banks declined 0.9%, while the IT index slipped 0.6%, making them the day’s weakest sectors.
Top Gainers
| Stock | Gain |
|---|---|
| HDFC Bank | +3.36% |
| Hindalco | +2.71% |
| ONGC | +2.50% |
| Bajaj Auto | +2.48% |
| Mahindra & Mahindra | +2.08% |
Top Losers
| Stock | Loss |
|---|---|
| Kotak Mahindra Bank | -3.91% |
| Max Healthcare | -1.84% |
| TCS | -1.65% |
| Coal India | -1.45% |
| Bajaj Finserv | -1.11% |
Market Breadth
- Stocks Traded: 3,462
- Advances: 1,578
- Declines: 1,769
- Unchanged: 115
Although benchmark indices ended higher, market breadth remained slightly negative, indicating gains were driven mainly by heavyweight stocks.
HDFC Bank shines while Kotak Mahindra Bank disappoints
Among the Nifty gainers, HDFC Bank, Hindalco Industries, ONGC, Bajaj Auto and Mahindra & Mahindra led the rally.
HDFC Bank climbed around 3% after reporting 15.4% year-on-year growth in advances and 14.7% growth in deposits during the first quarter.
Meanwhile, Bandhan Bank gained 4% after announcing healthy Q1 business growth.
On the losing side, Kotak Mahindra Bank fell 4% despite posting a strong operational update. Tata Consultancy Services, Bajaj Finserv and Coal India also ended lower.
Nearly 200 stocks hit fresh 52-week highs
Market breadth remained extremely strong during Stock Market Today.
Nearly 200 stocks touched fresh 52-week highs on the BSE, including HFCL, Radico Khaitan, Aegis Logistics, Adani Energy Solutions, Adani Green Energy, IndusInd Bank, Granules India, Oberoi Realty, Honasa Consumer, L&T Finance and several others.
Among individual movers, Granules India gained 2% after securing Sole First-to-File status for its ANDA of Sodium Oxybate, while Diamond Power Infrastructure jumped 10% after receiving a ₹435.71 crore order.
52-Week Statistics
- New 52-week Highs: 146
- New 52-week Lows: 41
The significantly higher number of new highs indicates sustained strength across several stocks despite mixed market breadth.
Trading Activity
- Total Market Turnover: ₹2,65,706.60 crore
- Equity Cash Market Turnover: ₹1,12,696.35 crore
- Equity Derivatives Turnover: ₹1,21,632.21 crore
Derivative trading remained robust, reflecting active participation from traders.
Technical charts indicate bulls remain in control
Technical indicators continue to favour the bulls.
The Nifty closed above its 200-day EMA around 24,421, strengthening its medium-term bullish structure. More importantly, the index finished above its 50-week EMA for the first time in over four months, signalling improving market strength.
Analysts believe the next resistance lies near 24,600, followed by the psychologically important 25,000 level.
Immediate support is placed around 24,300-24,150, and as long as the index remains above this zone, the broader trend is expected to stay positive.
What is the impact on the market and investors?
The strong performance in Stock Market Today reinforces positive sentiment ahead of the Q1 earnings season.
For traders, improving technical indicators, lower India VIX and strong sector rotation suggest that the buy-on-dips strategy may continue to work as long as key support levels hold.
For long-term investors, sustained FII inflows, easing crude oil prices, healthy banking sector updates and broad-based participation across midcap and smallcap stocks indicate improving market confidence.
However, the next phase of the rally will largely depend on corporate earnings, global macroeconomic developments and whether the Nifty can decisively break above the 24,600 resistance level.
What Investors Should Watch Next
The next major trigger for the Indian stock market is the Q1 earnings season, which will determine whether the recent rally is supported by strong corporate earnings. Alongside company results, investors should keep a close watch on the following factors:
Key Factors to Monitor
- Q1 Earnings Season: Corporate results will reveal whether earnings justify current market valuations.
- FII & DII Flows: Continued buying by foreign and domestic institutional investors could sustain market momentum.
- India VIX: A rise in volatility may indicate increasing uncertainty or the possibility of a near-term correction.
- Brent Crude Prices: Lower crude prices support India’s economy, while any sharp rise could increase inflation and pressure corporate margins.
- USD/INR Movement: Currency fluctuations can significantly impact export-oriented sectors such as IT and pharmaceuticals.
- RBI Policy Expectations: Interest rate outlook and liquidity measures will influence banking, auto, and real estate stocks.
- Global Central Bank Commentary: Signals from the US Federal Reserve and other major central banks can shape global capital flows and investor sentiment.
- US Economic Data: Inflation, employment, and GDP data from the US will remain key drivers of global market direction and risk appetite.
