Sensex and Nifty50 index both increased as top Nifty gainers include Tech Mahindra, Wipro, Bajaj Finance, UltraTech Cement, and Grasim Industries, while losers include NTPC, Eicher Motors, Dr Reddy’s Labs, SBI, and Apollo Hospitals..
Indian benchmark indices, including the Sensex and Nifty, ended higher on July 1, driven by IT, auto, and FMCG stocks. The market gained strength, crossing 24,150 and nearing record levels, with top Nifty gainers being Tech Mahindra, Wipro, Bajaj Finance, UltraTech Cement, and Grasim Industries.
Sectors and stocks
The IT index rose nearly two percent, while the BSE midcap and smallcap index reached a record high. Over 300 stocks reached their 52-week high on the BSE, except power, PSU Bank, and realty.
July 02 Forecast
The Nifty market showed upside momentum on Monday, closing the day higher by 131 points after minor selling pressure from Friday’s high of 24174. A positive candle was formed on the daily chart, suggesting the negative sentiment created on Friday could be nullified in the short term. The market is racing towards the next upside target of 24400 levels in the near term, with immediate support at 23980 levels.
The Nifty50 index rose to a record closing level of 24,141.95 in July, with IT counters contributing to gains. Media was the top gainer, while PSU Bank was a major laggard. Cement stocks saw buying traction, with Mid and Smallcaps outperforming the Benchmark Index.
| FII Sold | -426.03 Cr |
| DII Bought | 3,917.43 Cr |
Indian Market Stocks
| Sensex | 443.46 | +0.56% | 79,476.19 |
| Nifty 50 | 131.35 | +0.55% | 24,141.95 |
| Nifty Bank | 232.50 | +0.44% | 52,574.75 |
Market Movers
| Tech Mahindra | 41.75 2.92% | NTPC | -8.60 -2.27% |
| Wipro | 12.50 2.43% | SBI | -7.00 -0.82% |
| Bajaj Finance | 161.20 2.27% | Eicher Motors | -37.40 -0.80% |
| Grasim | 55.95 2.10% | Dr Reddys Labs | -48.65 -0.76% |
| UltraTechCement | 236.75 2.03% | Apollo Hospital | -45.20 -0.73% |
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Indian indices opened positively, with Sensex and Nifty reaching 76,000 and 23,100, respectively. Top gainers included Divis Labs, IndusInd Bank, Axis Bank, LTIMindtree, and Adani Ports, while losers included Adani Enterprises, Wipro, Grasim Industries.
Indian indices opened positively, with Sensex and Nifty reaching 76,000 and 23,100, respectively. Top gainers included Divis Labs, IndusInd Bank, Axis Bank, LTIMindtree, and Adani Ports, while losers included Adani Enterprises, Wipro, Grasim Industries.
Indian indices opened positively, with Sensex and Nifty reaching 76,000 and 23,100, respectively. Top gainers included Divis Labs, IndusInd Bank, Axis Bank, LTIMindtree, and Adani Ports, while losers included Adani Enterprises, Wipro, Grasim Industries.
Sensex Sensex Sensex
Sensex After four weeks of increases, Sensex and Nifty fell 2% for the first time After four weeks of increases, Sensex and Nifty fell 2% for the first time
The Nifty has experienced a decline, closing the day around 160 points lower. The daily charts show no follow-through buying interest after a breakout, and selling pressure at higher levels could lead to a slipping back into the consolidation zone. The Bollinger bands are contracting, indicating a range contraction. The Bank Nifty has not maintained positive momentum, and it could slip towards the 46900-46800 range. The overall trend is bullish, with an intermediate corrective phase in progress. Short-term weakness could lead to a decline towards the 22200-22250 range.
The Nifty has experienced a decline, closing the day around 160 points lower. The daily charts show no follow-through buying interest after a breakout, and selling pressure at higher levels could lead to a slipping back into the consolidation zone. The Bollinger bands are contracting, indicating a range contraction. The Bank Nifty has not maintained positive momentum, and it could slip towards the 46900-46800 range. The overall trend is bullish, with an intermediate corrective phase in progress. Short-term weakness could lead to a decline towards the 22200-22250 range.
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