Business
Archived — This article has been archived. The information may be outdated.
Indian shares open higher led by HDFC Bank Axis Bank
The Economic Times··6 Jul
Indian equity benchmarks opened higher on July 6, 2026, led by banking heavyweights after strong June quarter business updates. HDFC Bank reported 15.4 percent year-on-year gross advances growth to Rs 30.61 lakh crore. Axis Bank posted 19 percent advances growth to Rs 12.73 lakh crore. The Sensex rose over 280 points and Nifty advanced above 24,347 in early trade.
Prism
What It Means For You
- Investors saw early gains in bank-heavy index portfolios on July 6.
- Strong credit growth signals continued lending activity in the economy.
- Lower oil prices supported broader market sentiment.
What's Happening
- Sensex and Nifty opened higher on July 6 led by banks.
- HDFC Bank and Axis Bank posted strong Q1 business updates.
- FIIs were net buyers on the previous trading session.
Market Context
- Q1 earnings season is beginning with lender disclosures.
- HDFC Bank advances grew 15.4 percent year-on-year.
- Brent crude traded lower supporting Indian equities.
all-news
