Source: Google Photos


On July 6th, the Indian stock market indicators, namely Sensex and Nifty, reached their highest points ever. The Nifty crossed the milestone of 19,500 points for the first time ever, continuing its eight-session winning streak. Despite weak global cues, BSE Midcap and Smallcap indices also reached fresh record highs during intraday trade.

Market Performance:

The Sensex started the day at 65,391.88 points and climbed to a record high of 65,832.98 points, gaining 387 points during intraday trade. Likewise, the Nifty surged to its record peak of 19,512.20 points. By the end of the session, the Sensex closed at 65,785.64 points, up by 340 points (0.52%), while the Nifty ended at 19,497.30 points, rising by 99 points (0.51%).

Market Capitalization and Stock Performance:

The market capitalization of companies listed on the BSE rose to ₹301.7 lakh crore, an increase of ₹1.8 lakh crore from the previous session. Several stocks, including Hindustan Unilever, Larsen & Toubro, Mahindra and Mahindra, Nestle, NTPC, Power Grid, and Tata Motors, hit their 52-week highs during intraday trade.

Market Analyst’s Opinion:

Ajit Mishra, SVP – Technical Research, Religare Broking, commented on the market’s performance. He stated that the Nifty initially had a slow beginning, but purchasing specific leading stocks helped drive its value upwards. However, as the index reached higher levels, investors began selling to secure their profits, which restricted the overall momentum. Mishra advised focusing on stock selection, maintaining trailing stop losses on existing positions, and highlighted support levels for the Nifty at 19,300 and 18,900.

Top Gainers and Losers:

– Top gainers: Mahindra & Mahindra, Powergrid, Tata Motors, Reliance, and NTPC.
– Top losers: Maruti Suzuki, HCL Technologies, Bajaj Finance, IndusInd Bank, and ITC.

Nifty 50:
– Top gainers: Mahindra & Mahindra, Apollo Hospitals, Powergrid, Tata Motors, and Reliance.
– Top losers: Eicher Motors, HDFC Life Insurance, Maruti Suzuki, HCL Technologies, and Bajaj Finance.

– Top gainers: Hindustan Zinc, Ion Exchange India, CEAT Ltd, JK Tyre, and Welspun Enterprises.
-The stocks of Bombay Dyeing, Thirumalai Chemicals, Bharat Bijlee, Eicher Motors, and Cressanda Solutions Ltd. have suffered notable losses in the market.

– Top gainers: Black Box, Genus Paper and Boards, CEAT Ltd, Manugraph India, and Summit Securities.
– Top losers: JBM Auto, Alankit Ltd, Faze Three Ltd, Antarctica Ltd, and Lexus Granito (India) Ltd.


On July 6, the Sensex and Nifty achieved record highs, with the Nifty surpassing the 19,500-point mark for the first time. Despite weak global cues, the Indian stock market displayed a positive streak. Market participants experienced gains, and investors witnessed an increase in market capitalization.

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