Auto was the only sector to close in the red, witnessing mild selling pressure and emerging as the day's weakest performer
Gaurav Garg,
Research Analyst
Lemonn Markets Desk
Mumbai, July 9, 2026: The Indian stock market ended on a positive note today, with the Nifty 50 closing at 23982.05, up 100 points or 0.42%. The session was characterized by a Bearish rectangle pattern . The index which opened at 23928.95 , reached a high of 24134.7 and touched a low of 23925.7.The BSE Sensex also climbed, finishing the day at 76741.82. reflecting a gain of 238.22 points or 0.31%.
Sectoral trends remained mixed during the session, with Realty emerging as the top-performing sector, followed by Media, PSU Bank, MS Financial Services, Consumer Durables, Midcap Healthcare, Cement, and REITs, reflecting broad-based buying across realty, financial, and consumption-focused stocks. Bank Nifty, Private Bank, Financial Services, Pharma, Healthcare, Chemicals, FMCG, Oil & Gas, Metal, and IT indices also ended in positive territory with moderate gains. On the other hand, Auto was the only sector to close in the red, witnessing mild selling pressure and emerging as the day's weakest performer, while the remaining sectors maintained a positive bias throughout the session.
The Indian stock market traded with high volatility today, as strong buying interest in the first half helped the indices recover from the previous session's sharp decline. However, the rally lost momentum in the latter half after investors resorted to profit booking, leading the benchmarks to surrender a significant portion of their intraday gains. Market sentiment remained supported by continued FII inflows and optimism ahead of the Q1 earnings season, while escalating geopolitical tensions weighed on investor confidence after the US launched fresh strikes on Iran and Tehran retaliated with attacks targeting US-linked assets in Bahrain and Kuwait, raising concerns over disruptions in the Strait of Hormuz and keeping crude oil prices elevated. Investors will now closely monitor corporate earnings, foreign fund flows, crude oil prices, and global geopolitical developments for further market direction.
