Indian stock indices are expected to open higher today, extending a four-day winning streak. Positive global sentiment and steady institutional buying are supporting the current market momentum. Investors are now tracking US economic data and domestic fund flows for further direction.
Indian benchmark indices are set for a positive start to trading on July 7, 2026, with the GIFT Nifty indicating a higher opening around the 24,575 level. This follows a strong run for domestic equities, which have posted gains for four consecutive trading sessions. The rally has been supported by a combination of factors, including improved monsoon projections, a decline in crude oil prices, and consistent buying from both domestic and foreign institutional investors.
Recent Market Performance and Institutional Flows
The market mood remained upbeat in the previous session on July 6, with the Sensex rising 521 points to close at 78,285 and the Nifty climbing 159 points to settle at 24,430. Despite intraday volatility, buying pressure in the final hour helped major indices finish near their daily highs. Data indicates that institutional participation remains a key pillar of this strength. Foreign institutional investors (FIIs) were net buyers for the second straight session, investing Rs 243 crore, while domestic institutional investors (DIIs) bolstered the market with net purchases of Rs 3,791 crore.
Global Cues and Sector Trends
Global markets are providing a mixed but generally supportive backdrop. In the United States, the S&P 500 and Nasdaq ended higher, driven by gains in semiconductor and artificial intelligence-related stocks, including Broadcom. However, Asian markets are experiencing some friction. The Kospi index in South Korea dropped significantly, weighed down by a sharp decline in shares of Samsung Electronics and SK Hynix following their latest financial reports. This technology-focused selling pressure has led to a cautious approach in some Asian markets.
Meanwhile, the US dollar index has stayed relatively soft at 100.89, influenced by a weaker-than-anticipated jobs report that has led investors to adjust their expectations regarding Federal Reserve interest rate policy. Simultaneously, US 10-year and 2-year bond yields have seen a marginal rise to 4.48% and 4.12%, respectively. Crude oil prices have moved slightly higher, though potential supply increases are balancing out the impact of easing geopolitical tensions in the Middle East. Gold prices remain stable as market participants await the release of minutes from the latest Federal Reserve meeting to gain clarity on future interest rate trajectories.
Investors will likely monitor how domestic indices react to the mixed performance in Asian technology shares and whether the current institutional buying trend continues. The sustainability of the recent rally may also depend on how global bond yields influence emerging market capital flows in the coming weeks.