India's frontline indices, the Sensex and Nifty 50, closed higher for the fourth consecutive session on Monday, July 6, as a revival in the monsoon and Foreign Institutional Investors (FIIs) turning net buyers this month lifted investor risk appetite.
Key Highlights
- Sensex and Nifty 50 rose for the fourth straight session on July 6, led by FII buying.
- Investors gained over Rs 2 lakh crore as BSE market capitalisation rose to Rs 482 lakh crore.
The Sensex ended the session 521 points, or 0.67%, higher at 78,285, while the Nifty 50 closed at 24,430, up 160 points, or 0.66%. The sustained rally across four sessions reflects growing confidence among investors, supported by improving macro sentiment and steady foreign inflows.
Mid and Small-Caps Join the Rally
The broader market also participated in the upmove, with the Nifty Midcap 100 and Smallcap 100 indices closing with gains of 0.45% and 0.75%, respectively. The broad-based nature of the rally - spanning large-caps, mid-caps, and small-caps - suggests improving breadth in market sentiment rather than gains concentrated in a handful of stocks.
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Investors Add Over Rs 2 Lakh Crore in Single Session
Investor wealth rose sharply during the session, with the overall market capitalization of BSE-listed companies climbing to Rs 482 lakh crore, up from ₹480 lakh crore in the previous session - a gain of over Rs 2 lakh crore in a single trading day.
What's Driving the Rally
Two key factors are underpinning the current market momentum: the revival of the monsoon, which supports agricultural output and rural consumption, and FIIs turning net buyers this month, signalling renewed foreign confidence in Indian equities after a period of caution.
