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Indian Equity Markets Extend Winning Streak

Indian benchmark indices are set for a positive opening on July 7, tracking firm cues from GIFT Nifty, which was trading around 24,574.50 in early trade.

The Indian equity markets have extended their winning streak for the fourth consecutive session, supported by broad-based buying amid improving monsoon prospects, renewed FII inflows, easing geopolitical concerns, and softer crude oil prices. The benchmark indices received a boost from the positive sentiment, with the Sensex extending its gains through the session despite some profit booking during the afternoon.

The strong buying momentum in the final hour helped the indices recover and close near the day's high. At close, the was up 521.16 points or 0.67 percent at 78,285.07, and the was up 159.50 points or 0.66 percent at 24,430.35.