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.

Ankur Punj, MD & Business Head at Equirus Wealth, said, “Markets maintained their upward bias despite mixed global cues, driven by buying in select banking, auto, capital goods and realty shares. The calmness in the West Asia region and hopes for a relatively steady corporate earnings season kept investor mood optimistic, although overall sentiment remains cautious.”

Midcaps shine as banks, capital goods rebound

Aegis Vopak Terminals, Allied Blenders & Distillers, Swan Corp, Dixon Technologies, and Zen Technologies were among the top performers in the Nifty 500 pack, surging between 6.7% and 8.8%. Radico Khaitan, Manappuram Finance, Welspun Corp, and Leela Palaces Hotels also ended the session with gains of over 6%.

Among banking stocks, IndusInd Bank surged 3.8%, extending its winning streak to the fifth straight session and hitting its highest level in over a year. HDFC Bank and ICICI Bank were the top-performing large-cap banking stocks, gaining 3.4% and 1.1%, respectively.

Capital goods stocks staged a strong comeback after witnessing one of their worst sell-offs in the previous session. The rebound was led by Siemens Energy India and Hitachi Energy India, with both stocks rallying 4.3%. CG Power & Industrial Solutions, GE Vernova T&D India, Thermax, Data Patterns, Elgi Equipments, and Kirloskar Oil Engines also advanced between 2% and 3.6%.

Among the Adani Group companies, Adani Energy Solutions gained 4%. In the real estate space, Brigade Enterprises, Lodha Developers, Phoenix Mills, Godrej Properties, and Prestige Estates Projects ended the session with gains ranging between 2% and 4.5%.

Zensar Technologies leads losers

Among the top laggards, Zensar Technologies shares closed 7.4% lower at ₹478 apiece, snapping a three-day winning streak. It was followed by Acutaas Chemicals, Ola Electric Mobility, Varun Beverages, Tejas Networks, Kotak Mahindra Bank, Belrise Industries, Sumitomo Chemical, Jain Resource Recycling, and Pine Labs, all of which ended the session in the red.

Multi Commodity Exchange (MCX), Zee Entertainment, Groww, Bank of India, Gallantt Ispat, IRB Infrastructure Developers, Indegene, NBCC (India), and Suzlon Energy also came under selling pressure, with each stock closing down more than 2.5%.

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