Benchmark indices Sensex and Nifty witnessed a volatile trading session on July 7, 2026, and surrendered most of their intraday gains, slipping into negative territory in the latter half of the session amid profit-booking as investors turned cautious on weakness across Asian markets. The 30-share BSE Sensex fell 104.35 points or 0.13 per cent to settle at 78,180.72. During the day, the benchmark hit a high of 78,664.92 and a low of 78,031.04, gyrating 633.88 points. The 50-share NSE Nifty was down 31.65 points, or 0.13 per cent, and ended the session at 24,398.70. Similarly, the broader market ended in the red. While the BSE MidCap Select Index shed 26.74 points or 0.15 per cent, the BSE SmallCap Select Index dropped 94.87 points or 1.08 per cent.
Among sectoral indices, Nifty Metal and Nifty Realty fell the most, with stocks such as Vedanta Limited down 2.59 per cent.
“The primary reason behind the weakness was profit booking after the benchmark indices had rallied nearly 3.06% over the previous four sessions, marking their highest closing levels in almost ten weeks. Investors chose to lock in gains near key resistance levels, leading to broad-based selling pressure across select sectors…Global cues also weighed on sentiment,” said Hitesh Tailor, Technical Research Analyst at Choice Equity Broking Private Limited.
Top gainers and losers
Among the 30-Sensex firms, HCL Tech, Tech Mahindra, Infosys, Titan and Eternal were the major gainers, with HCL Tech gaining 3.08 per cent today. On the flip side, Trent, Adani Ports, BEL, Larsen & Toubro and Reliance were among the laggards. Trent’s shares tumbled 12.42 per cent today.
On Thursday, shares of 14 out of 30 Sensex companies closed in the green, while the remaining 16 closed in the red. On the other hand, shares of 19 out of 50 Nifty 50 companies also closed in the green, with gains, while the remaining 31 closed in the red.
Rupee rises 48 paise
The rupee appreciated by 48 paise to close at 94.95 (provisional) against the US dollar on Tuesday, amid improved global risk sentiment as higher traffic flows through the Strait of Hormuz reduced supply uncertainties.
Forex traders said market sentiment was also buoyed after Saudi Arabia slashed August crude oil prices for Asia by USD 11 per barrel.
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(This article is for informational purposes only and should not be construed as investment, financial, or other advice.)
