Nifty 50 Trades Above 24,400 on July 6, 2026; HDFC Bank Leads Gains, Kotak Mahindra Bank Tops Losers

Equity benchmark indices traded higher during the morning session on July 6, 2026, supported by gains in banking stocks following quarterly business updates from major private lenders.  

Sentiment was also aided by continued foreign institutional investor (FII) buying and crude oil trading below US$72 per barrel.  

As of July 6, 2026, at 10:27 AM, Nifty 50 was trading at 24,401.75, up 130.90 points (0.54%).  

Market Breadth Remains Positive on July 6, 2026 

Market breadth remained positive during the session. As of July 6, 2026, at 10:25 AM, a total of 3,124 stocks were traded on the NSE, of which 1,608 advanced, 1,400 declined, and 116 remained unchanged.  

During the session, 119 stocks touched their 52-week highs, while 31 hit their 52-week lows. Additionally, 72 stocks were locked in the upper circuit, and 52 stocks were in the lower circuit, indicating broad-based participation across the market. 

Banking Stocks Drive the Rally 

Banking stocks remained in focus after several private lenders released provisional business updates for the April–June 2026 quarter ahead of their earnings announcements. HDFC Bank reported a 15.4% year-on-year increase in gross advances, while period-end deposits rose by 14.7%.  

Axis Bank reported 18.8% growth in gross advances, and Kotak Mahindra Bank reported 15.1% growth in net loans.  

IndusInd Bank reported sequential growth of 3.3% in net advances and 3.8% in deposits during the June quarter.  

On a year-on-year basis, its advances declined by 2.3%, while deposits increased by 4.5%. 

Read More: Stocks to Watch Today: Nykaa, HDFC Bank, Yes Bank, Dabur, Senco Gold and Others (July 6, 2026) 

FII Buying Adds to Positive Sentiment 

Investor sentiment also remained supported by sustained foreign institutional buying. On July 3, 2026, FIIs/FPIs turned net buyers of Indian equities worth ₹1,355.33 crore, marking their third consecutive session of net purchases.  

During the session, FIIs bought shares worth ₹13,337.33 crore and sold equities worth ₹11,982.00 crore. Domestic institutional investors (DIIs), however, were net sellers, with purchases worth ₹18,676.35 crore and sales worth ₹20,630.24 crore, resulting in a net outflow of ₹1,953.89 crore.  

For the calendar year to date, FIIs have remained net sellers of equities worth ₹3.47 lakh crore, while DIIs have been net buyers worth ₹4.60 lakh crore. Market sentiment also benefited from crude oil remaining below US$72 per barrel, which investors viewed as supportive for the domestic market. 

Top Movers in Early Trade on July 6, 2026 

As of July 6, 2026, at 10:25 AM, HDFC Bank share price rose 2.73% to ₹822.90 each, Hindalco Industries share price gained 2.09% to ₹973.10 each, and Bajaj Auto share price advanced 1.78% to ₹9,960.00 each.  

On the downside, Kotak Mahindra Bank share price declined 3.16% to ₹384.20 each, TCS share price fell 1.30% to ₹2,066.20 each, and Bajaj Finserv share price slipped 0.95% to ₹1,877.60 each. 

Conclusion 

Indian equity benchmarks traded higher during the morning session on July 6, 2026, with banking stocks leading the gains following quarterly business updates from major private lenders. Positive market breadth, continued FII buying, and softer crude oil prices supported investor sentiment, while the Bank Nifty outperformed the broader market. 

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