Daily Market Briefing — 6 July 2026
1. Indian market setup: Nifty closed last week at 24,270.85, up 0.39% on Friday, supported by IT, healthcare, and select financial stocks. Key outperformers included HCL Tech, Max Healthcare, Sun Pharma, Dr Reddy’s, and Bajaj Finserv.
2. Nifty / Bank Nifty outlook: Nifty bias remains positive above 24,150–24,200; resistance zone is 24,400–24,500. Bank Nifty closed near 57,938 after weekly profit booking, so watch 57,500 support and 58,500–59,000 resistance.
3. Global cues: Asian markets are mildly positive as oil softened and U.S. rate-hike expectations eased after weaker jobs data. Lower crude is supportive for India’s inflation and import outlook.
4. Stocks in news / sectors to watch: Focus on IT, healthcare, financials, cement, hotels, and consumption. Fresh momentum was seen in HCL Tech, pharma names, Ultratech, and Tata Steel last session.
1. Indian market setup: Nifty closed last week at 24,270.85, up 0.39% on Friday, supported by IT, healthcare, and select financial stocks. Key outperformers included HCL Tech, Max Healthcare, Sun Pharma, Dr Reddy’s, and Bajaj Finserv.
2. Nifty / Bank Nifty outlook: Nifty bias remains positive above 24,150–24,200; resistance zone is 24,400–24,500. Bank Nifty closed near 57,938 after weekly profit booking, so watch 57,500 support and 58,500–59,000 resistance.
3. Global cues: Asian markets are mildly positive as oil softened and U.S. rate-hike expectations eased after weaker jobs data. Lower crude is supportive for India’s inflation and import outlook.
4. Stocks in news / sectors to watch: Focus on IT, healthcare, financials, cement, hotels, and consumption. Fresh momentum was seen in HCL Tech, pharma names, Ultratech, and Tata Steel last session.