return to news
  1. Upstox
    /
  2. News
    /
  3. Market News
    /
  4. Stocks
    /
  5. SENSEX, NIFTY50 edge higher; IT shares outperform, broader markets underperform

Market News

SENSEX, NIFTY50 edge higher; IT shares outperform, broader markets underperform

Abhishek Vasudev.jpg
By Abhishek Vasudev

3 min read | Updated on July 07, 2026, 09:50 IST

Google
SelectUpstoxas yourPreferred news source
Copy link
Twitter Page
Linkedin Page
Whatsapp Page

SUMMARY

Asian shares were trading sharply lower on the back of a renewed selling pressure in technology shares after Samsung reported its quarterly earnings.

Buzzing stocks, NIFTY50, SENSEX

The overall market breadth was negative as 1,557 shares were advancing while 1,098 were declining on the NSE. | Image: Shutterstock

The Indian equity benchmarks edged higher on Tuesday, July 7, led by gains in index heavyweights like Infosys, HDFC Bank, Titan, state Bank of India, Eternal, Tata Consultancy Services and HCL Technologies. However, the upside was capped owing to weakness in Trent, Larsen & Toubro, Reliance Industries, ICICI Bank and Bharat Electronics.

Open FREE Demat Account within minutes!
Join now

As of 9;26 am, the SENSEX was up 22 points at 78,307 and NIFTY50 index rose 4 points to 24,436.

Asian shares were trading sharply lower on the back of a renewed selling pressure in technology shares after Samsung reported its quarterly earnings.

Samsung, the world's largest chip maker, reported operating income of 89.4 trillion won ($58 billion) in the three months through June. The stock came under selling pressure as analysts noted that investors might have priced in the solid earnings posted by the company, according to a report by Bloomberg. Japan's Nikkei fell 1.33%, South Korea's KOSPI plunged 6.5%, China's Shanghai Composite index dropped 0.91% and Hong Kong's Hang Seng declined 0.33%.

US stocks ended higher on Monday following a rebound in AI stocks.

Dow Jones Industrial Average advanced 0.3%, S&P 500 index advanced 0.72% and tech heavy Nasdaq gained 1.12%.

AI stocks have swung sharply in recent weeks on worries that their prices shot too high. Doubts are rising about whether all the dollars flowing into AI chips and data centres can possibly create enough gains in productivity and profits to make back all the investments, news agency AP reported.

Back home, 10 of 15 major sector gauges compiled by the National Stock Exchange (NSE) were trading higher led by the NIFTY IT index's 1.2% gain. NIFTY Pharma, Healthcare, Consumer Durables and Bank indices also rose between 0.2% and 0.6%.

On the other hand, metal, oil & gas, FMCG, media, realty and oil & gas shares were facing selling pressure.

Broader markets were underperforming their larger peers as NIFTY Midcap 100 index declined 0.44% and NIFTY Smallcap 100 index fell 0.24%.

Titan was top gainer in the NIFTY50 index, the stock rose 3.2% to ₹4,607 after the company said that its consumer business rose 41% in the first quarter of current financial year.

SBI Life, Infosys, Eicher Motors, Eternal, Jio Financial Services, Shriram Finance, HCL Technologies and Tech Mahindra also rose between 1% and 2.2%.

On the flip side, Trent was top loser in the NIFTY50 index, the stock dropped 10% to ₹3,014 after the company reported a 19% year-on-year (YoY) increase in standalone revenue for the June quarter (Q1FY27).

Trent said standalone revenue from operations (excluding GST) stood at ₹5,666 crore in Q1 FY27, compared with ₹4,781 crore in the corresponding quarter last year.

Revenue from the sale of merchandise, excluding other operating income, also grew 19% YoY during the quarter.

Larsen & Toubro, Bharat Electronics, InterGlobe Aviation, Coal India, Tata Motors PV, Hindalco, ITC, Adani Enterprises and Kotak Mahindra Bank were also among top losers in the NIFTY50 index.

The overall market breadth was negative as 1,628 shares were declining while 1,137 were advancing on the NSE.

About The Author

Abhishek Vasudev.jpg
Abhishek Vasudev is a business journalist with over 15 years of experience covering business and markets. He has worked for leading media organisations of the country.

Next Story