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Indian stocks close higher as global tech selloff weighs on risk
Sensex gained nearly 0.7% to finish at 78,151.45, while Nifty 50 ended about 0.5% higher at 24,334.30, even as Midcap and Smallcap indexes fell.
Indian equity markets ended the week higher despite geopolitical tensions, higher crude oil prices, and uncertainty around the global interest-rate outlook, with global developments expected to shape near-term direction, according to LiveMint Markets.
The Nifty 50 rose about 0.53% to close at 24,334.30, while the Sensex climbed nearly 0.75% to settle at 78,151.45. The broader market showed some profit-taking after the rally, as both Midcap and Smallcap indices finished the week slightly lower.
Global technology stocks remained under pressure after a steep US selloff on Friday, and the Philadelphia SE Semiconductor Index fell more than 20% below its June record high, pushing it into bear market territory. LiveMint Markets cited commentary from Pravesh Gour, a senior technical analyst at Swastika Investmart, saying investors will watch Middle East developments, plus the US Dollar Index (DXY), US Treasury yields, and FII and DII money flows.
On the domestic front, Gour said the upcoming earnings season is likely to drive the market, with major private banks including Axis Bank, HDFC Bank, ICICI Bank, and Kotak Mahindra Bank set to report quarterly results on 18 July 2026, and other heavyweight companies scheduled to announce earnings between 20 and 24 July 2026. Investors will also monitor the progress of the southwest monsoon for indications that could affect market sentiment.
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