The NIFTY 50 advanced by 95.15 points (+0.39%) to close at 24,270.85, supported by strong buying across IT, healthcare, and select financial stocks. The gains were led by HCLTECH (+5.74%), MAXHEALTH (+2.19%), SUNPHARMA (+1.92%), DRREDDY (+1.87%), and BAJAJFINSV (+1.85%). Buying interest extended to APOLLOHOSP (+1.82%), BHARTIARTL (+1.81%), ULTRACEMCO (+1.68%), TECHM (+1.57%), and TATASTEEL (+1.29%), reinforcing the positive momentum. On the downside, AXISBANK (-1.51%), SBIN (-1.01%), LT (-0.78%), BAJAJ-AUTO (-0.74%), and ADANIPORTS (-0.73%) ended lower. Market breadth remained positive, with 33 stocks advancing and 17 declining. 

 The NIFTY 50 opened at 24,375.65, touched a low of 24,252.35, hit a high of 24,378.15, and closed at 24,270.85, up 95.15 points (+0.39%). The index advanced, supported by strong buying in IT and pharmaceutical stocks, while easing Fed rate hike concerns and lower crude oil prices lifted investor sentiment. The RSI climbed above the 60 level, signalling strengthening bullish momentum. Near-term support levels are at 24,131/24,044, and resistance levels are at 24,411/24,497. 

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Nifty Gains on IT Strength and Easing US Rate Hike Concerns 

Bank Nifty Commentary for 06 July 2026

The NIFTY BANK slipped by 93.15 points (-0.16%) to close at 57,938.50, as selling pressure in select private and PSU lenders weighed on sentiment. The downside was led by UNIONBANK (-3.70%), BANKBARODA (-2.79%), PNB (-1.52%), AXISBANK (-1.51%), and FEDERALBNK (-1.06%). Further weakness in SBIN (-1.01%) and KOTAKBANK (-0.59%) also pressured the index. Meanwhile, selective buying emerged in INDUSINDBK (+3.53%), IDFCFIRSTB (+1.36%), ICICIBANK (+0.91%), HDFCBANK (+0.70%), and YESBANK (+0.54%), helping limit the decline. Market breadth remained balanced, with 7 stocks advancing and 7 declining. 

The NIFTY BANK opened at 58,343.25, touched a low of 57,799.05, hit a high of 58,343.25, and closed at 57,938.50, down 93.15 points (-0.16%). The index opened higher but failed to sustain its initial gains, as weakness in select banking stocks weighed on sentiment. The RSI hovered near the 60 mark, suggesting bullish momentum remained positive. Near-term support levels are at 57,554/57,315, and resistance levels are at 58,323/58,562. 

Quick Comment on FINNIFTY And SENSEX

The NIFTY FINANCIAL SERVICES index gained 12.65 points (+0.05%) to close at 26,875.05, as buying in select financial and banking stocks offset weakness in power financiers and asset management stocks. The gains were led by MUTHOOTFIN (+3.40%), BAJAJFINSV (+1.85%), BAJFINANCE (+1.28%), ICICIBANK (+0.91%), and HDFCBANK (+0.70%). Additional strength in ICICIGI (+0.65%), CHOLAFIN (+0.48%), SBILIFE (+0.31%), and LICHSGFIN (+0.20%) helped keep the index in positive territory. On the downside, AXISBANK (-1.51%), MFSL (-1.50%), PFC (-1.13%), RECLTD (-1.04%), and SBIN (-1.01%) weighed on sentiment. Market breadth remained balanced, with 10 stocks advancing and 10 declining. Near-term support levels are at 26,671/26,545, while resistance levels are at 27,079/27,205. 

The BSE SENSEX gained 261.79 points (+0.34%) to close at 77,763.91, supported by strong buying in IT, financial services, telecom, and pharmaceutical stocks, which offset weakness in select banking and auto counters. The gains were led by HCLTECH (+5.79%), BAJAJFINSV (+2.13%), TECHM (+1.81%), BHARTIARTL (+1.81%), and SUNPHARMA (+1.77%). Buying interest extended to ULTRACEMCO (+1.65%), TATASTEEL (+1.44%), BAJFINANCE (+1.40%), TCS (+1.24%), and ICICIBANK (+0.74%), reinforcing the positive momentum. On the downside, AXISBANK (-1.56%), SBIN (-1.13%), M&M (-1.11%), LT (-0.83%), and KOTAKBANK (-0.68%) emerged as the biggest drags on the index. Market breadth remained positive, with 17 stocks advancing, 12 declining, and 1 unchanged. Near-term support levels are at 77,274/76,971, while resistance levels are at 78,254/78,557. 

Intraday levels for NIFTY, BANK NIFTY, SENSEX and FINNIFTY Levels: