The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open lower on Monday (July 6), despite Friday's positive close. According to Live Mint, GIFT Nifty was trading near the 24,340 mark, down over 13 points from the previous close of Nifty futures, signalling a muted start for the domestic equity indices. On Friday, the Indian stock market ended higher with the Sensex gaining 261.79 points, or 0.34%, to finish at 77,763.91, while the Nifty 50 advanced 95.15 points, or 0.39%, to settle at 24,270.85. Asian markets traded mixed as investors reassessed AI-driven bets, with South Korea's Kospi up 0.61% while Japan's Nikkei 225 slipped 0.14%. The US stock markets remained closed on July 3 (Friday) in observance of Independence Day holiday. In commodities, brent crude fell 0.60% to $71.69 per barrel, while West Texas Intermediate (WTI) crude dropped 0.36% to $68.44.
Indian equities are expected to witness stock-specific movements as investors process quarterly business updates from major companies. According to reports from ET Now, financial stocks including Bajaj Finance, Union Bank, Central Bank of India and Punjab National Bank reported healthy business growth for the June quarter. The banking sector showed particularly strong performance with steady business expansion and healthy deposit growth across key institutions. However, recent market data shows mixed performance with Tata Consumer, Dr. Reddy's, Hero MotoCorp, Kotak Bank and Adani Enterprises among the top losers on NSE, indicating selective investor sentiment based on individual company results. HDFC Bank, Kotak Mahindra Bank, and IDBI Bank reported steady loan and deposit growth, while IndusInd Bank showed muted advances, as reported by ET Now.
Several companies announced significant operational and strategic developments that could impact market sentiment. As reported by Live Mint, Adani Enterprises launched a qualified institutional placement (QIP) to raise up to ₹10,000 crore, offering 34.7 million shares at an indicative price of ₹2,883 per share. Coal India increased coal supplies by 5.9% to 51.44 million tonnes in June, driven by rising demand in the peak summer season. BPCL completed acquiring a 39.14% stake in IBV Brasil Petroleo Limitada for ₹2,312 crore, taking its indirect shareholding in the Brazilian oil and gas company to 100%. Sterlite Technologies raised ₹1,500 crore through a qualified institutional placement with participation from domestic and global investors. Varun Beverages announced that its South African step-down subsidiary, Twizza, will merge into its subsidiary Bevco in a transaction involving no cash consideration or new share issuance. PB Fintech saw a stake sale by Temasek arm, while Tata Steel outlined a ₹20,000 crore capex plan and NTPC Green Energy signed a 1,200 MW solar deal.
The banking sector demonstrated robust performance across multiple institutions. According to ET Now, HDFC Bank reported strong loan and deposit growth, while Kotak Mahindra Bank showed healthy credit growth. IDBI Bank maintained steady business growth, though IndusInd Bank showed weak loan growth with stable deposits. Punjab National Bank on Thursday said its global business rose 10.32% year-on-year to ₹29,99,876 crore as of June 30, 2026, with growth supported by steady expansion in deposits and advances. Ujjivan Small Finance Bank reported a 25.1% year-on-year increase in total deposits to ₹48,307 crore, supported by a 37.8% increase in current account and savings account deposits to ₹12,930 crore. Equitas Small Finance Bank reported a 26.70% year-on-year increase in gross advances to ₹47,653 crore as of June 30, 2026, while total deposits grew 10.44% to ₹48,976 crore. Bank of Baroda faced regulatory action with RBI imposing a penalty of ₹63.6 lakh for non-compliance with Fair Practices Code and KYC norms.
Several companies announced significant strategic moves that could reshape their business portfolios. As reported by Live Mint, BLS E-Services acquired a 100% stake in Atyati Technologies Private Limited for approximately ₹157 crore in an all-cash transaction. PC Jeweller reported consolidated revenue growth of approximately 21% year-on-year in the June quarter, with debt reduction of more than 90% and debt-free status expected in the current quarter. Marico expects consolidated revenue to grow in the early twenties in Q1 FY27, driven by broad-based growth across core, digital and international businesses, while the India business delivered double-digit underlying volume growth. Texmaco Rail & Engineering received a Letter of Acceptance from South Central Railway for an order worth ₹26.56 crore. Maruti Suzuki inaugurated a new manufacturing plant as part of its expansion strategy. Syngene International announced that MD & CEO Peter Bains has resigned as part of leadership succession, effective from June 30, 2026.
The diverse range of corporate developments and business updates from these companies suggests that Indian equities may see stock-specific action as investors evaluate the implications of these quarterly results and strategic announcements. According to Live Mint, Indian equities are expected to open on a steady note, supported by positive global cues, subdued crude oil prices and improving risk sentiment. Geopolitical concerns have continued to recede as the U.S.–Iran situation remains stable, with diplomatic engagement progressing and no major disruptions reported. The easing of tensions has reduced concerns over energy supply risks in the Middle East, underpinning investor confidence across global markets. Analysts recommend buying NDR Auto and Suven Life Sciences after bullish breakouts, while investors await US jobs data, the India-Japan summit and Q1FY27 earnings. Analysts favour growth sectors such as autos, industrials, capital goods and real estate, with NDR Auto and Divgi TorqTransfer recommended on bullish technical setups. Technically, analysts say the Nifty has further strengthened its bullish structure by surpassing the crucial hurdle of the 200-day EMA around the 24,421 mark, appearing well-positioned to inch towards the 24,600 level, with a decisive breakout potentially opening the door for a move towards the 25,000 mark.
