Market Update: Sensex Climbs Over 450 Points, Nifty Tops 24,400 As Realty, Autos Lead Rally

Last Updated:July 06, 2026, 11:20 IST

At around 11:10 am, the BSE Sensex jumps 464.80 points, or 0.60%, at 78,228.71, while the NSE Nifty 50 gains 144.70 points, or 0.60%, to trade at 24,415.55.

Stock Market Today, July 06

Stock Market Updates Today, July 6: Indian equity benchmark indices traded firmly higher on Monday, with realty and auto stocks leading the rally, while weakness in IT stocks capped some gains. At around 11:10 am, the BSE Sensex was up 464.80 points, or 0.60%, at 78,228.71, while the NSE Nifty 50 gained 144.70 points, or 0.60%, to trade at 24,415.55.

Banks, autos and realty outperform; IT under pressure

Buying remained broad-based across the market, with Bank Nifty rising 0.63% to 58,305.20, supported by strong gains in private lenders.

On the Sensex, HDFC Bank emerged as the top gainer, rising 2.80%, followed by Mahindra & Mahindra (1.83%), Bharat Electronics (1.47%), Reliance Industries (1.22%), ICICI Bank (1.15%) and Maruti Suzuki (1.01%).

On the losing side, Kotak Mahindra Bank dropped over 3%, while TCS, Infosys, Tech Mahindra, Bajaj Finserv and Power Grid also traded lower.

Among sectors, Nifty Realty surged 1.86%, followed by Auto (1.45%), Consumer Durables (1.14%), Oil & Gas (1.01%) and Metal (0.84%). IT was the biggest laggard, falling 0.90%, while Media, PSU Bank and Pharma also traded weak.

Broader markets participated in the rally, with the Nifty Midcap 100 rising 0.31%, Nifty Smallcap 100 gaining 0.39% and the Nifty 500 advancing 0.49%. India VIX edged up 0.29% to 11.83, indicating volatility remained relatively subdued.

Defence Stocks Surge Up To 5.3%

Defence-related stocks traded higher in early deals on Monday after the Defence Acquisition Council (DAC) approved capital acquisition proposals worth about Rs 52,000 crore, boosting investor sentiment towards companies linked to the sector.

In the morning trade, Paras Defence and Space Technologies was the top gainer among major defence counters, rising 5.28% to Rs 1,362.30. Bharat Electronics (BEL) climbed 1.73% to Rs 425, Mazagon Dock Shipbuilders added 1.08% to Rs 2,571, while Hindustan Aeronautics (HAL) advanced 1.06% to Rs 4,475.10. The Nifty India Defence index was up 1.28% at 9,696.75.

The Defence Acquisition Council (DAC) on Friday accorded in-principle administrative approval to various acquisition proposals worth nearly Rs 52,000 crore to bolster the combat capabilities of the armed forces. For the Indian Army, approval has been granted for procurement of anti-unmanned aerial vehicles (UAV) electronic warfare system ‘Akash Tarnag’, Man Portable Anti-Tank Guided Missile (MPATGM) systems, medium-range surface-to-air missile (MRSAM) weapon system, Very Short Range Air Defence System (V-SHORADS), Active Protection System for tanks and jet-based Kamikaze drone system, the defence ministry said in a statement.

The DAC, under the chairmanship of Defence Minister Rajnath Singh, accorded Acceptance of Necessity (AoN) to various acquisition proposals for the defence forces at an estimated cost of about Rs 52,000 crore, it said.

Investors await Q1 earnings season

Market participants are now shifting focus to the June quarter earnings season, which begins this week. Corporate commentary and management outlooks are expected to guide market direction after recent global uncertainties eased.

V K Vijayakumar, chief investment strategist, Geojit Investments Limited, said, “Revival of monsoon and FIIs turning buyers last Friday are positives for the market in the near-term. From this week onwards the market will start responding to the Q1 results which will begin on July 9th.”

He added that overall, Q1 results will be subdued due to the energy shock and macro headwinds triggered by the conflict in West Asia. Now that the macro headwinds are behind us, the market will be looking forward to the potential trends in the rest of the year by taking cues from Q1 results.

According to Vijayakumar, financials and automobiles are likely to outperform during the June quarter, while the IT sector may report subdued earnings and offer modest guidance.

Financials will report better-than-expected results driven by impressive credit growth of 17%. NBFCs in gold loan and consumer financing will report revenue and profit growth around 20%. In automobiles, commercial vehicles and two-wheelers will report impressive numbers since the Q1 sales in these segments have been better-than-expected, he said.

“Buying on dips would be a good strategy in the near-term,” said Vijayakumar.

Asian markets mixed; US futures steady

Asian markets traded mixed on Monday. Hong Kong’s Hang Seng rose 0.66%, while China’s FTSE China 50 gained 1.31%. India’s Nifty 50 outperformed with a gain of around 0.60%.

However, Japan’s Nikkei 225 fell 0.35%, South Korea’s Kospi declined 1.13%, Australia’s ASX 200 slipped 0.22% and Indonesia’s Jakarta Composite lost 0.18%.

US index futures were mixed in early trade. Nasdaq 100 futures gained 0.72%, S&P 500 futures added 0.22% and Russell 2000 futures were marginally higher, while Dow futures were little changed.

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Mohammad HarisDeputy News Editor (Business)

Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalis…Read More

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