Pre-Market 6 July 2026: What To Expect As Nifty Crosses 24,250, Sensex Extends Winning Run; GIFT Nifty Flat

Dalal Street ended last week on a positive note, with benchmark indices extending their gains for a third consecutive session.

The Sensex closed at 77,764 after adding 262 points. The Nifty 50 also moved higher, ending the day at 24,271, up 95 points. The index also closed above the 24,250 mark for the first time in several sessions.

What Supported Markets On Friday?

Buying continued in select large-cap stocks as investors responded to favourable global cues and lower expectations of near-term rate hikes in the US.

Nifty IT, Nifty Realty and Nifty Pharma stocks outperformed, while PSU banks lagged behind. The Nifty Midcap Index declined 118 points to 62,190, while Nifty Bank slipped 93 points to 57,939.

The rise in benchmark indices added about ₹44,155 crore to the market capitalisation of BSE-listed companies, taking the total valuation close to ₹480 lakh crore.

Beneath the headline gains, the broader market picture was mixed. NSE data showed 1,823 stocks advancing against 1,513 declines, while 100 stocks saw no change.

How Did Global Markets Perform After Indian Market Hours?

Global equities ended the week on a firm note after a softer US jobs report reduced concerns about an immediate interest-rate hike from the Federal Reserve.

US markets were mixed on 4 July.

• Dow Jones rose 594.83 points to 52,900.07

• S&P 500 was largely unchanged at 7,483.24

• Nasdaq fell 207.36 points to 25,832.67

Asian markets mostly traded higher on Friday.

• Nikkei 225 gained 1,010.92 points to 69,744.07

• Hang Seng advanced 295 points to 23,350.03

• Singapore's Straits Times Index stood at 5,244.29, up 27.14 points

European markets also traded in positive territory.

• FTSE rose 26.16 points to 10,679.03

• CAC gained 33.21 points to 8,508.07

GIFT Nifty Update

By 02:44 IST on 4 July, GIFT Nifty was trading at 24,350.00, down 5 points, or 0.02%.

The futures contract remained above Friday's Nifty close of 24,271, indicating a steady start for Monday's session.

Key Levels To Watch For Nifty

Support Levels: 24,200-24,000

Analysts expect the 24,200 level to act as the first line of support. Below that, the 24,000 zone remains an important cushion for the index.

Resistance Level: 24,500

Technical indicators continue to favour the bulls after Nifty broke out of a consolidation range and remained above its 50-day exponential moving average.

Also Read - Market Wrap, 3 July 2026: Sensex And Nifty Extend Winning Run

What Should Investors Expect Today?

The spotlight shifts to the June-quarter earnings season, which could begin setting the tone for individual stocks and sectors.

After three straight sessions of gains, traders will watch whether Nifty can hold above 24,200 and build on its move above the 24,250 mark.