Vaishali Parekh's Intraday Stock Recommendations for July 7, 2026: Top Buys and Sells

Indian Stock Market Continues to Climb

The Indian equity market continued its uptrend on Monday, July 6, with the Benchmark indices, the Sensex and the Nifty 50, advancing for a fourth straight session. The revival of the monsoon and renewed buying by foreign institutional investors (FIIs) this month boosted investor sentiment. The Sensex climbed 521 points, or 0.67%, to settle at 78,285, while the Nifty 50 gained 160 points, or 0.66%, to close at 24,430.

The broader market also remained upbeat, with both mid-cap and small-cap indices ending higher. On Tuesday, Asian markets traded on a mixed note, with Japan's Nikkei 225 declining 0.57%, while the broader Topix index advanced 0.41%. South Korea's Kospi dropped 4.22%, whereas the Kosdaq edged up 0.21%. Hong Kong's Hang Seng futures pointed to a weak start.

Despite the mixed global market signals, the Indian equity benchmark indices, Sensex and Nifty 50, are likely to open on a positive note on Tuesday. , Vice President - Technical Research at Prabhudas Lilladher, expects the Nifty to witness a strong session opening on a positive note and thereafter, indicating a gradual rise as the day progresses.