Stock Market Close Report, July 7, 2026: Markets End Four-day Winning Streak As Late Selling Knocks Out Gains

Mumbai, July 7: Indian benchmark indices snapped a four-session winning streak on Tuesday as late-session selling erased intraday gains, with weakness in heavyweight stocks such as Trent, Adani Enterprises and Bharat Electronics outweighing strength in IT counters.

The Sensex fell 104.35 points, or 0.13%, to close at 78,180.72, while the Nifty 50 declined 31.65 points, or 0.13%, to 24,398.70, slipping below the 24,400 mark after a volatile trading session.

Market breadth remained weak, with 1,492 stocks advancing, 2,554 declining and 155 remaining unchanged, indicating broad-based selling pressure across the market.

IT shines amid broad market weakness

Despite the weak close, the IT pack bucked the broader trend, with the Nifty IT index surging 2.4% to emerge as the top-performing sector. The rally was led by heavyweight technology stocks including Infosys, Tech Mahindra and HCL Technologies, as investors positioned themselves ahead of the June-quarter earnings season.

The Nifty Consumer Durables index also ended in the green, gaining 0.9%, aided by gains in Titan Company, which rose after reporting a strong June-quarter business update.

Realty, metal stocks under pressure

On the downside, the Nifty Realty index was the biggest sectoral loser, falling 1.5%, while the Nifty Metal index declined 1%. The Nifty Energy, Pharma and Media indices also ended about 0.7% lower each, reflecting broad-based profit booking.

Broader markets underperformed the benchmarks, with the Nifty Midcap 100 index declining 0.4% and the Nifty Smallcap 100 index falling 0.55%.

Trent biggest drag

Among Nifty constituents, Infosys, Tech Mahindra, HCL Technologies, Titan Company and SBI Life Insurance were the top gainers.

On the losing side, Trent emerged as the biggest drag after its June-quarter business update disappointed investors. The Tata Group retailer’s revenue growth came in below Street expectations, prompting several brokerages to flag slowing growth. Adani Enterprises, Bharat Electronics, Adani Ports and Cipla also ended lower.

Elsewhere, Jubilant FoodWorks gained after reporting healthy revenue growth and same-store sales for the June quarter, while jewellery stocks remained in focus following business updates from Titan, Kalyan Jewellers and PC Jeweller.

Focus shifts to earnings

With the June-quarter earnings season set to start this week, investors are expected to remain stock-specific. Analysts believe management commentary on demand trends, margins and capital expenditure will dictate near-term market direction.
While easing crude oil prices and continued foreign institutional inflows remain supportive for equities, elevated valuations and mixed corporate updates could keep volatility high in the coming sessions.

Source: NSE, BSE