Pre-Market 7 July 2026: Brent Near $72, Nifty Gains For Fourth Day; What To Watch Today

Dalal Street carried its momentum into a fourth straight session on Monday, with benchmark indices ending at fresh highs for the current rally. Improved monsoon activity, steady crude prices and a return of foreign investor interest kept sentiment supportive.

The Sensex rose 521 points to close at 78,285, while the Nifty 50 gained 160 points and settled at 24,430. The broader market also participated in the move, with the Nifty Midcap 100 advancing 0.45% and the Nifty Smallcap 100 adding 0.75%.

What Drove Monday's Rally?

Investors also took comfort from signs that foreign investors have turned buyers this month after months of sustained selling.

Lower crude oil prices remained another positive. Brent crude hovered around $72 per barrel during Monday's trade, easing concerns around inflation and import costs.

Market participants also continued to respond to softer US labour market data, which reduced expectations of aggressive rate action from the US Federal Reserve.

The rally added more than ₹2 lakh crore to investor wealth, with the total market capitalisation of BSE-listed companies rising to about ₹482 lakh crore.

The rupee ended 20 paise lower at 95.38 against the US dollar.

How Did Global Markets Perform After Indian Market Hours?

US markets traded mixed as investors looked ahead to Federal Reserve meeting minutes and the start of the June-quarter earnings season.

On Monday:

• Dow Jones gained 155.84 points to 53,055.91

• S&P 500 gained 54.19 points to 7,537.43

• Nasdaq advanced 288.49 points to 26,121.16

Asian markets were mixed:

• Hang Seng rose 218.66 points to 23,568.69

• Nikkei 225 stood at 69,737.69, down 6.38 points

• Singapore's Straits Times Index gained 15.52 points to 5,259.81

European markets closed in red:

• FTSE traded at 10,651.77

• CAC stood at 8,479.87

GIFT Nifty

By 21:53 IST on 6 July, GIFT Nifty was trading at 24,567.50, up 75.50 points, or 0.31%. The futures contract remained above Monday's Nifty close of 24,430, indicating a positive undertone ahead of Tuesday's opening.

Key Levels To Watch For Nifty

Support Levels

• 24,350

• 24,250

The 24,350 mark remains important in the near term. Analysts believe the current trend remains intact as long as the index stays above this level.

Resistance Levels

• 24,500

• 24,600

A move past this zone would keep the recent uptrend in focus.

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What Could Drive Markets On Tuesday?

The earnings season begins to take centre stage this week, with investors preparing for corporate results and management commentary.

Market participants will also keep an eye on foreign fund flows after signs of buying interest emerged this month. Crude oil prices, monsoon progress and global central-bank cues remain part of the broader market checklist.

On the technical front, traders will watch whether Nifty can hold above 24,350 after closing at its highest level in several months. A sustained move above 24,500 would be closely tracked after Monday's rally.