Indian stock markets ended in the green in Monday’s trade, 6 July, as both benchmark indices closed with gains of over 0.60%, largely driven by HDFC Bank and Axis Bank, while auto and metal stocks also lent strong support, extending Dalal Street’s winning streak to four straight sessions.
The Nifty 50 ended the session 0.62% higher at 24,420, its highest closing level in two months. The Sensex also advanced 0.61% to settle at 78,236. The broader markets maintained their winning momentum as well, with the Nifty Midcap 100 and Nifty Smallcap 100 indices gaining 0.40% and 0.70%, respectively.
Among the sectoral indices, Nifty Realty continued to lead the gains, rising another 2%, while Nifty Consumer Durables and Nifty Auto climbed 1.45% and 1.34%, respectively. Nifty Oil & Gas and Nifty Metal also ended with gains of more than 1%.
On the flip side, Nifty Media, Nifty PSU Bank, and Nifty IT emerged as the top laggards, declining 1%, 0.92%, and 0.56%, respectively.
Both HDFC Bank and Axis Bank ended with healthy gains after investors reacted positively to their June-quarter business updates, while Kotak Mahindra Bank closed lower after reporting a sequential moderation in both loan and deposit growth.
In the commodity market, crude oil prices continued to hover near a four-month low as improving energy flows through the Strait of Hormuz and expectations of higher OPEC+ output fueled concerns over a potential global supply glut.
