Indian Stock Market Today: Sensex Surges 521 Points, Nifty Tops 24,430 as Rupee Slips Against US Dollar
Indian stock markets closed higher for the fourth straight session on July 6, 2026, with Sensex gaining 521 points and Nifty ending above 24,430, while the rupee weakened to ₹95.39 against the US dollar.
Prasanth Subramani
Indian stock markets extended their winning streak on Monday, July 6, 2026, with the BSE Sensex and NSE Nifty 50 closing higher for the fourth consecutive trading session. The benchmark BSE Sensex advanced by 521.16 points, or 0.67%, to end the day at 78,285.07, while the NSE Nifty 50 gained 159.50 points, or 0.66%, to settle at 24,430.35.
The market rally was primarily supported by strong buying in banking and financial stocks, with HDFC Bank leading the gains following encouraging quarterly business updates. Positive global market sentiment, softer crude oil prices, expectations of a favorable monsoon, and renewed buying by Foreign Institutional Investors (FIIs) further strengthened investor confidence.
Despite the strong equity performance, the Indian rupee weakened against the US dollar, with **1 US Dollar trading at approximately ₹95.39**. The decline in the rupee was attributed to a stronger US dollar in international markets and increased demand for the American currency from importers.
Investors will now focus on upcoming corporate earnings announcements, FII investment trends, global crude oil prices, and key US economic data releases, all of which are expected to play a crucial role in determining the near-term direction of Indian stock markets and the rupee.
