Indian markets opened firmer on Tuesday, with the Sensex and Nifty extending their winning streak on FII buying, a revived monsoon, and softer crude oil prices. Here’s everything you need to know about markets this morning.
📈 Indian Stock Market Today
The Sensex opened at 77,940.90, up 176.99 points (+0.23%), while the Nifty 50 gapped up to around 24,378, breaking above last month’s trading range on continued bullish momentum. Gift Nifty had signalled a firm start, trading nearly 0.5% higher ahead of the open. Financial stocks led Monday’s rally after strong quarterly business updates from HDFC Bank and Axis Bank, and that strength has carried into today’s session. On the institutional flows front, the latest available data (July 3) showed FIIs net buyers to the tune of ₹1,355 crore in cash, while DIIs were net sellers of ₹1,954 crore — a reversal from the FII-selling, DII-buying pattern seen through much of the year.
₿ Crypto Market Update
Bitcoin is holding near $61,678 (about ₹58.8 lakh at today’s USD/INR rate), consolidating after last week’s dip toward $58,000 and a subsequent rebound. Ethereum trades around $1,815 (roughly ₹1.73 lakh), having pulled back slightly from its recent bounce. Broader crypto sentiment remains cautious after a choppy start to July, with traders watching US macro cues and Fed commentary for the next directional move.
💰 Today’s Key Rates at a Glance
| Asset | Price | Change |
|---|---|---|
| Nifty 50 | 24,378 | Gap-up open |
| Sensex | 77,940.90 | +176.99 pts (+0.23%) |
| Bitcoin (BTC) | ₹58.8L / $61,678 | Consolidating |
| Ethereum (ETH) | ₹1.73L / $1,815 | Slightly lower |
| Gold (10g, 24K) | ₹1,46,620 | — |
| Silver (1kg) | ₹2,45,000 | — |
| USD/INR | ₹95.36 | +0.15% |
| Crude Oil (Brent) | $72.07/bbl | -0.04% |
📰 Top 5 Financial News Stories This Morning
- RBI extends Deputy Governor Swaminathan Janakiraman’s term by two years. The government has extended the tenure of the RBI’s senior-most Deputy Governor, effective June 26, signalling policy continuity at the central bank at a time of active rate and liquidity management.
- RBI temporarily lifts rate ceiling on FCNR(B) deposits. The interest rate cap on fresh 3–5 year Foreign Currency Non-Resident (Bank) deposits has been withdrawn until September 30, a move aimed at attracting more foreign currency inflows and supporting the rupee.
- India posts $4.7 billion current account surplus in April. This reverses a $4.8 billion deficit a year earlier, driven by stronger services exports ($18.6 billion) and a sharp jump in remittances to $16 billion — a healthy signal for the external balance sheet.
- SBI board approves plan to raise up to ₹60,000 crore in FY27. India’s largest lender will tap bonds, Additional Tier 1 and Tier 2 instruments domestically and internationally to shore up its capital base and fund future credit growth.
- Bank credit growth outpaces deposits by 530 bps. Credit growth across scheduled banks stood at 17.44% YoY as of May-end versus deposit growth of 12.14%, a gap investors are watching for its implications on bank funding costs and margins.
🔍 What to Watch Today
Global cues stay in focus after Wall Street’s strong Monday session — the Dow closed at a record 53,056, the S&P 500 rose 0.7% to 7,537, and the Nasdaq 100 jumped 1.3% on a semiconductor-led rally. Watch for follow-through in IT and auto stocks, further commentary on the monsoon’s progress and its impact on rural demand, and any fresh FCNR(B)-related flows into banking stocks. Crude oil’s slide toward $72/bbl remains a tailwind for inflation-sensitive sectors if it holds.
Data sourced from live market feeds and financial news reports. Last updated: 7 July 2026, morning IST. This is for informational purposes only and not investment advice.
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