The Sensex climbed 521 points, or 0.67%, to close at 78,285, while the Nifty 50 gained 160 points, or 0.66%, ending at 24,430 on Monday. This marked the fourth consecutive session of gains for both indices, with mid and small-cap segments also advancing. Investors earned ₹2 lakh crore in a single day, reflecting strong market momentum, according to livemint.com.
The rally was supported by a revival in the monsoon and foreign institutional investors turning net buyers this month, which boosted investor risk appetite. The Nifty Midcap 100 and Smallcap 100 indices rose 0.45% and 0.75%, respectively. Market activity showed broad-based strength, with domestic benchmarks extending their winning streak amid positive global cues, as reported by livemint.com.
This sustained upward trend in Indian equity benchmarks comes amid mixed global signals, with Asian markets trading mixed and US futures edging higher. Crude oil prices remained under pressure, which provided some relief to investors. The current market environment reflects growing confidence among domestic and foreign investors, reinforcing India's position as an attractive equity destination, per livemint.com.
MarketSmith India highlighted the positive momentum by recommending select stocks for investors on Monday, 6 July. The Nifty 50's close above 24,400 and the Sensex's 521-point gain underscore robust market sentiment, with the indices poised to test new levels as the week progresses, according to livemint.com.