Stock Market Today, July 7, 2026: Markets Open in Green on Back of Positive Global Cues

Mumbai, July 7: Indian stock indices opened marginally higher on Tuesday, following firm leads from Wall Street and a broadly positive set of Asian peers, even as war tensions involving Iran continued to linger on at the margins.

At 9:24 am, the S&P BSE Sensex traded higher by 73.81 points or 0.09% at 78,358.88, while the Nifty 50 added 25.85 points or 0.11% to 24,456.20, extending gains from Monday’s fourth consecutive session of gains.

Gainers & Losers

Gainers that led Nifty higher included Shriram Finance, Infosys, Max Healthcare, Eternal and Titan that rose 2.1%, 1.33%, 1.32%, 1.25% and 1.08%, respectively, from their previous closing prices of Rs 1,062.30, Rs 1,042.20, Rs 1,132.50, Rs 283.40 and Rs 4,484.40 to Rs 1,084.60, Rs 1,056.10, Rs 1,147.50, Rs 286.95 and Rs 4,533.00.

Meanwhile, losers included Trent, IndiGo, JSW Steel, Tata Steel and Hindalco that declined 9.55%, 0.98%, 0.93%, 0.83% and 0.78%, respectively, from their previous closing prices of Rs 3,343.80, Rs 5,408.50, Rs 1,243.20, Rs 190.87 and Rs 980.40 to Rs 3,024.50, Rs 5,355.50, Rs 1,224.60, Rs 189.29 and Rs 972.80. Note that Trent fell sharply enough to potentially indicate a stock split or bonus issue adjusting the base price, rather than actual selling pressure triggered by company-specific factors.

Broad Markets & Sectoral Performance

Among broad markets, the Nifty 100 traded marginally higher by 0.08%, as did the Nifty Midcap 50 that rose 0.05%. The Nifty Largemidcap 250 was up 0.01%. On the flipside, the Nifty Smallcap 250 fell 0.13%, as did the Nifty Smallcap 100 that declined 0.09%. The Nifty Midcap 100 slipped 0.08%.

Sectorally, the Nifty IT index led gains at 0.72%, followed by Nifty Oil & Gas and Nifty PSU Bank at 0.39% and 0.31%, respectively. Losers were led by Nifty Metal that fell 0.60%, followed by Nifty Media and Nifty Realty that dropped 0.50% and 0.28%, respectively.

Iran War

Iran on Monday showed no sign of backing down after Sunday’s funeral of Supreme Leader Ayatollah Ali Khamenei’s slain Iranian military commander, betting its future on turning wartime sacrifices into lasting control of the Strait of Hormuz. While sanctions relief has been Tehran’s dominant negotiating focus for years, Iran now appears to believe control of the strait is worth more than short-term relief from US sanctions and is using nuclear talks as leverage to try to maintain that advantage indefinitely. US President Donald Trump said on Monday that the US will either make a deal with Iran or “finish the job”, suggesting military action could be back on the table. Analysts say implementation of the fragile ceasefire is now also becoming a point of dispute.

Asian & US Markets

Asian stocks traded mixed on Tuesday morning. Pakistan’s KSE 100 rose 1.12%, Indonesia’s JSX Composite added 0.69% and Hong Kong’s Hang Seng climbed 0.36%. Japan’s Nikkei 225 lagged with a decline of 1.02%, while China’s Shanghai Composite edged down 0.43%. Japan markets were closed on Monday for a holiday. Despite pockets of weakness, Asia traded largely positive ahead of a key US-China trade meeting this week. Overnight on Wall Street, US markets closed sharply higher, with the Nasdaq Composite jumping 1.12% and the S&P 500 gaining 0.72%. The Dow rose 0.29% and the NYSE Composite added 0.49%. Only Canada’s S&P/TSX Composite ended in negative territory.

Oil Prices

Oil prices rebounded slightly on Tuesday, with international benchmark Brent crude trading 0.39% higher at $72.29 per barrel and US West Texas Intermediate crude climbing 0.26% to $68.84 a barrel after both benchmarks settled near their pre-Iran war prices on Monday. Prices rose even as the UAE increased crude production to above 3.8 million barrels per day in June, the highest rate since April 20 last year and Saudi Arabia lowered its selling price for Arab Light crude by the biggest discount in more than two decades. Investors are waiting for clarity on the demand recovery particularly from China before validating whether supply headlines are translating into actuality.

Sensex & Nifty on Monday

Indian stock markets had ended on a positive note on Monday, climbing to their fourth straight session of gains driven by strength in banking, auto and realty names after positive June-quarter earnings reports from some major lenders. The Sensex closed higher by 521.16 points or 0.67% at 78,285.07, while the Nifty 50 rose 159.50 points or 0.66% to 24,430.35. HDFC Bank was the top Nifty performer surging 3.6% after the lender posted higher-than-expected double-digit growth in advances and deposits. However, market breadth was mixed with 2,226 stocks ending lower compared with 1,924 stocks that closed higher. Broader markets outperformed the headline indices with the Nifty Smallcap 100 gaining 0.7% and Nifty Midcap 100 rising 0.4%.

Sources: bseindia.com, nseindia.com