HOME > MARKETS > MARKET COMMENTARY
  MARKET COMMENTARY
EQUITY
Post Session: Quick Review
Jul-07-2026

Indian equity benchmarks ended lower on Tuesday, with the Sensex and Nifty snapping their four-day winning streak ahead of the weekly expiry of Nifty F&O contracts. After a cautious start, the indices gained momentum in early trade, supported by continued inflows by foreign institutional investors (FIIs). However, markets erased their gains in the afternoon session and settled in negative territory amid profit booking, as investors turned cautious following fresh strikes between the US and Iran.

Some of the important factors in trade:

Total Kharif acreage falls 21% due to low rainfall: Sentiments remained upbeat as concerns over the agriculture ministry data showing that total sowing of kharif crops declined to 350.85 lakh hectares as of July 06, a 21 per cent decrease from 442.8 lakh hectares last year, citing low rainfall amid delayed progress of the southwest monsoon.

CREA flags strain on Indian energy system due to this year's El Nino: Traders remained cautious after the Centre for Research on Energy and Clean Air (CREA), in its report, flagged possible strain on India's energy system due to this year's El Nino, a recurring weather pattern that drives up global temperatures.

India-EU FTA legal scrubbing likely to be completed in 15-20 days: Traders took note of report that Commerce and Industry Minister Piyush Goyal said that India and the European Union (EU) are expected to complete the legal scrubbing of the free trade agreement (FTA) in the next 15-20 days. 

On the global front: European markets were trading mostly higher, after Germany’s industrial production grew more than expected in May. Asian markets closed mostly in red despite Singapore's retail sales expanded for the fourth straight month in May.  

The BSE Sensex ended at 78180.72, down by 104.35 points or 0.13% after trading in a range of 78031.04 and 78664.92. There were 11 stocks advancing against 19 stocks declining on the index. (Provisional)

The few gaining sectoral indices on the BSE were IT up by 2.12%, TECK up by 1.37%, Consumer Durables up by 0.65%, and Oil & Gas up by 0.09%, while Capital Goods down by 1.73%, Realty down by 1.61%, Industrials down by 1.49%, Power down by 1.12%, and Metal down by 1.04% were the top losing indices on BSE. (Provisional)

The top gainers on the Sensex were HCL Technologies up by 3.08%, Tech Mahindra up by 2.81%, Infosys up by 2.74%, Titan Company up by 2.33% and Eternal up by 2.08%. On the flip side, Trent down by 12.65%, Bharat Electronics down by 1.70%, Adani Ports and Special Economic Zone down by 1.63%, Larsen & Toubro down by 1.26% and Reliance Industries down by 1.20% were the top losers. (Provisional)

Meanwhile, external Affairs Minister of India S. Jaishankar has held a meeting with King Hamad bin Isa Al Khalifa in Bahrain to advance discussions on strengthening bilateral partnership. After concluding his visit to Qatar, Jaishankar reached Bahrain for the second stop of his four-nation Gulf visit, scheduled from July 5 to 10, covering Kuwait and Oman as well.

During the ongoing visit, Jaishankar is meeting his counterparts and top leaders of the four Gulf countries to expand bilateral relations and exchange views on regional developments and issues of mutual interest. 

Jaishankar's Gulf visit comes at a time of significant political shifts in West Asia following the signing of an agreement aimed at ending the US-Iran conflict. During his Qatar visit, Jaishankar met Prime Minister Mohammed bin Abdulrahman Al-Thani and reviewed cooperation in energy, trade, investments, connectivity and security.

The CNX Nifty ended at 24398.70, down by 31.65 points or 0.13% after trading in a range of 24348.95 and 24530.90. There were 24 stocks advancing against 26 stocks declining on the index. (Provisional)

The top gainers on Nifty were HCL Technologies up by 3.00%, Tech Mahindra up by 2.92%, Infosys up by 2.84%, Titan Company up by 2.67% and SBI Life Insurance up by 2.49%. On the flip side, Trent down by 12.44%, Adani Enterprises down by 3.10%, Adani Ports and Special Economic Zone down by 1.64%, Bharat Electronics down by 1.50% and Cipla down by 1.39% were the top losers. (Provisional)

European markets were trading mostly in green; UK’s FTSE 100 increased 44.41 points or 0.42% to 10,696.18 and France’s CAC rose 26.13 points or 0.31% to 8,506.00, while Germany’s DAX lost 94.89 points or 0.37% to 25,723.00.

Asian markets settled mostly lower on Tuesday, led by a nearly 5% plunge in South Korea's benchmark Kospi index due to weakness in the tech sector on concerns over high AI-related stock valuations. Investors were cautiously awaiting the US Federal Reserve's meeting minutes and the start of the second-quarter US earning season this week. Chinese shares declined, despite authorities in China and Hong Kong unveiling a broad package of measures to boost financial connectivity and yuan internationalization. Investors were also awaiting China's June CPI and PPI data due this week for clues on the policy outlook, while the World Bank projected China's economic growth would slow to 4.4% in 2026 and 4.3% in 2027 due to a prolonged property downturn and subdued consumer demand. 

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

3,990.24

-51.00

-1.26

Hang Seng

23,496.89

-119.43

-0.51

Jakarta Composite

5,986.50

70.43

1.19

KLSE Composite

1,682.93

-0.60

-0.04

Nikkei 225

68,256.96

-1,480.73

-2.12

Straits Times

5,342.24

82.43

1.57

KOSPI Composite

7,656.31

-395.02

-4.91

Taiwan Weighted

45,479.11

-1,077.28

-2.31
  RELATED NEWS >>
Most Viewed >>
EXPLORE
© CITRUS INTERACTIVE
Designed & Developed Accord Fintech Pvt. Ltd.