More Stories

Informist, Tuesday, Jul. 7, 2026

By Gopika Balasubramanium

MUMBAI – Indian equity indices are expected to open slightly higher on Tuesday amid mixed global cues and a lack of domestic triggers. Analysts do not expect traders to place large bets ahead of the announcement of the June-quarter earnings, which begin Thursday. However, sectoral rotation of capital would continue in the coming days, they said. While some technical analysts expect traders to book profits, given the overbought conditions, others expect traders to stay put. Even then, the index is expected to remain within a broad range.

Gift Nifty indicates another round of gap-up opening for the domestic indices, Vipin Kumaar, assistant vice president – Globe Capital Market, said. The Nifty 50 is seen moving gradually towards 24500-24600 points. A close above 24600 points holds the key to a sustainable rise in the index, he added. "Hence, we reiterate our buy-on-dips trading approach as long as the index remains above the 24,250 spot level on a closing basis," he said.

At 0730 IST, the July contract of GIFT Nifty was at 24563, down 25 points or 0.1% from its previous close. On Monday, the benchmark Nifty 50 index closed higher by 159.50 points or 0.7% at 24430.35.   

Shares of Titan Co. will be in focus after the company announced its provisional numbers for the June quarter. The company recorded a 41% on-year growth in its consumer business revenue during the quarter. The fashion accessories company's jewellery business in India also recorded 39% on-year revenue growth in Apr-Jun.

There is some improvement in the outlook for the Indian market on the back of inflows from foreign investors. FPIs have turned net buyers in the last two sessions. They net bought Indian stocks worth around INR 16 billion since Friday. While this cannot indicate that foreign investors have fully turned on India, it is an improvement. Domestic investors net bought shares worth INR 37.91 billion on Monday.

Investors will also track companies' earnings from this week. Nuvama Institutional Equities expects the overall net profit of Nifty 50 companies to grow 9% on year. On Monday, Motilal Oswal Financial Services said it sees the cumulative net profit of the Nifty 50 constituents rising 10% on year. The brokerage expects companies' margins to come under pressure due to high input costs stemming from the war in West Asia.

In the US, the three major indices closed higher on Monday, led by gains in technology and chip stocks. Broadcom jumped 3.7% after the company and Apple agreed to extend a deal through 2031 to develop and supply a range of custom chips. Microsoft's shares fell almost 1% after it said it was cutting about 2.1% of its workforce, or roughly 4,800 jobs. In Asia, indices in Hong Kong, Singapore, and Australia rose in early trade. Others, such as Japan's Nikkei, South Korea's Kospi, and China's CSI 300, fell in early trade. Kospi fell 5%. Chipmaker Samsung Electronics fell 7% after its quarterly results, despite its net profit rising nineteenfold.  End 

Edited by Saji George Titus

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.

Informist Media Tel +91 (22) 6985-4000 

Send comments to feedback@informistmedia.com

© Informist Media Pvt. Ltd. 2026. All rights reserved.