Stock Market Mid-Day Report, July 7, 2026: Sensex Up 310 points, Nifty Surges 77 points; Markets Extend Gains

Mumbai, July 7: Equity benchmarks in India continued to trade with gains at midday on Tuesday, rising with the Wall Street close overnight and Asian peers firmer than pre-day compared to earlier levels even as Iranian mourning for its late Supreme Leader continues for now.

The S&P BSE Sensex was trading higher by 310.64 points or 0.40% at 78,595.71 and Nifty 50 climbed 77.65 points or 0.32% at 24,508.00 at 12:13 pm, extending the uptick in prices from Monday’s trading session and positive opening tick-up in the day so far.

Gainers & Laggards

Midday, IT stocks led the gainers on Nifty50. Infosys (INFY) advanced 3.94% to an LTP of ₹1,083.30 against Monday’s closing price of ₹1,042.20, Tech Mahindra (TECHM) rose 3.63% to ₹1,457.60 versus previous close of ₹1,406.50. HCL Technologies (HCLTECH) jumped 2.87% to ₹1,166.80 from ₹1,134.20, Titan Company (TITAN) gained 2.72% to ₹4,606.40 against its previous closing price of ₹4,484.40 and Tata Consultancy Services (TCS) picked 2.57% higher to ₹2,110.50 from ₹2,057.60.

Trent (TRENT) plunged 11.19% to ₹2,969.60 from Monday’s close of ₹3,343.80 after reacting to a stock specific correction, Coal India (COALINDIA) declined 1.62% to ₹425.35 against ₹432.35, Adani Enterprises (ADANIENT) fell 1.47% to ₹3,159.40 versus its previous closing price of ₹3,206.60, Hindalco Industries (HINDALCO) slipped 1.18% to ₹968.85 from ₹980.40 and Bharat Electronics (BEL) was down 1.03% at ₹421.15 versus Monday’s close of ₹425.55.

Broad Markets & Sectoral Indices

Nifty 50 (NIFTY) rose 0.37%, Nifty 100 (NIFTY100) was up 0.20% and Nifty 200 (NIFTY200) gained 0.10%, while Nifty Next 50 (NIFTYJR) dipped 0.61%, Nifty Midcap 100 (NIFTYMIDCAP100) fell 0.31% and Nifty Smallcap 100 (NIFTYSMLCAP100) lost 0.50% so far on Tuesday midday. Sectorally, Nifty IT (NIFTYIT) was the top gainer, rising 3.05%, followed by Nifty Consumer Durables (NIFTYCONSUMDUR) which jumped 0.78% and Nifty Auto (NIFTYAUTO) rose 0.07%. Nifty Realty (NIFTYREALTY) was the biggest loser among sectoral indices on the NSE, declining 1.60%, followed by Nifty Metal (NIFTYMETAL) which shed 0.88% and Nifty FMCG (NIFTYFMCG) dipped 0.38%.

Middle East Conflict

Iranian officials sounded a tougher line on the shooting down of its military drone by U. S. forces last week, with U. S. President Donald Trump saying Washington would either reach agreement with Tehran or “finish the job,” while Iran Parliament Speaker Mohammad Bagher Qalibaf said it would “under no circumstances relinquish its rights” to the Strait of Hormuz.

Trump last week agreed to a proposal by Gulf Arab allies and foreign ministers to briefly halt tensions with Iran by not pursuing further military action or seeking retaliation after Tehran shot down the drone last week. The House agreed to a 60-day “timeout” that will start once negotiations over Iran’s maritime rights in the Strait of Hormuz resume.

Asian and US Markets

Asian stocks were mixed Tuesday morning after Iran continued its mourning ceremonies for the late ayatollah, which officials hope will provide Tehran diplomatic opportunities through wartime resilience over control of Strait of Hormuz. Hong Kong’s Hang Seng Index (.HSI) rose 0.36% and Pakistan’s KSE 100 (.KSE) added 1.12%, while Japan’s Nikkei 225 (.N225) declined 1.02% and Shanghai Composite (.SSEC) fell 0.43%.

The benchmark indexes in Vietnam led losses in Asia on Tuesday morning, with HNX 30 Index (.HNX30) down 2.32%. Indonesia’s Jakarta Composite (.JKSE) and Thailand’s SET Index (.SETI) traded with modest gains.

On Wall Street Monday, Nasdaq Composite (.IXIC) jumped 1.12% and S&P 500 (.SPX) climbed 0.72%, while Dow Jones Industrial Average (.DJI) advanced 0.29% overnight. Canada’s S&P/TSX Composite (.GSPTSE) bucked the regional uptrend, dipping 0.18% on pace for its second straight daily loss despite positive risk appetite across global markets.

Oil Prices

Oil prices ticked higher on Tuesday, with international benchmark Brent crude futures rising 28 cents, or 0.39%, to $72.29 per barrel and U.S. crude futures up 29 cents, or 0.26%, to $68.84 a barrel.

Crude prices were capped as traders shrugged off tensions easing in the Middle East and focus instead on rising supply from producer group OPEC+, with the UAE pumping above 3.8 million barrels per day in June, while OPEC+ also agreed to boost supply by an additional 188,000 bpd beginning August. Analysts said oil markets were likely to see another boost if Chinese demand ticks higher to meet optimism surrounding supply.

Indian stock markets rose marginally at the opening bell on Tuesday, tracking positive cues from Wall Street and Asian peers mostly higher, even as tensions simmer on Iran-linked military activity. At 9: 24 am, the S&P BSE Sensex traded higher by 73.81 points or 0.09% at 78,358.88 and Nifty 50 added 25.85 points or 0.11% to 24,456.20.

Source: BSE, NSE, Reuters