Nifty Extends Winning Streak As Markets Open Higher On Positive Global Sentiment

Indian equity markets maintained their upward momentum on Tuesday, July 7, 2026, marking the fifth consecutive session of gains. At 9:18 AM, the Sensex climbed 118 points to trade higher by 0.15%, while the Nifty 50 rose 36 points, also reflecting a 0.15% increase. This follows a strong performance on Monday where the Sensex and Nifty 50 gained 0.67% and 0.66% respectively.

The rally is supported by broad-based buying, with Nifty IT leading the charge with a 1.10% gain, followed by Nifty PSU Bank at 0.40%. Investor sentiment is bolstered by a combination of easing crude oil prices, which are trading near $73 per barrel, and optimistic projections regarding the monsoon season. Furthermore, reduced geopolitical anxiety has encouraged institutional participation, with DIIs recording net inflows of ₹3,791.42 crore on July 6.

While the broader market remains resilient, investors are monitoring the Nifty FMCG and Metal indices, which saw early declines of 0.10% and 0.78%. The rupee has strengthened to 95.33 against the US dollar, providing a stable backdrop for trade. Market participants are now watching for sustained volume in the IT and banking sectors to confirm the durability of this five-day rally before the next major economic data release.