Sensex and Nifty50 index both flat as top Nifty gainers included L&T, Wipro, Infosys, HDFC Bank, and TCS, while losers included Shriram Finance, Bharti Airtel, Kotak Mahindra Bank, Tata Motors, and IndusInd Bank.
On July 2, the market traded rangebound, with the Nifty crossing 24,200 for the first time. Sensex and Nifty50 reached record highs at 79,855.87 and 24,236.35, respectively.
Sectors and stocks
The Nifty Midcap 100 index reached a fresh high of 56,504.5 but ended 0.8 percent lower at 55,854.7, despite a gyration between gains and losses in the first half.
Top Nifty gainers include L&T, Wipro, Infosys, HDFC Bank, and TCS, while losers include Shriram Finance, Bharti Airtel, Kotak Mahindra Bank, Tata Motors, and IndusInd Bank.
Sectoral trends showed capital goods, IT, realty, oil & gas rising 0.3-1 percent, while bank, auto, FMCG, power fell 0.3-0.9 percent.
July 03 Forecast
The Nifty50 began the session at 24,230, but a decline in the Mid and Smallcap segments led to a loss of 18.10 points, ending the day at 24,123.85. IT and media sectors were the top gainers, while PSU Banks and FMCG were major laggards.
The Nifty experienced a choppy movement at new highs on Tuesday, closing the day lower by 18 points. The market showed no follow-through upmove since opening at 24236 levels. A small negative candle formed at new highs, indicating tiredness. The overall trend remains positive, with potential buying opportunities after further consolidation. Immediate support is at 23980, with the next upside resistance at 24400.
| FII Sold | -2,000.12 Cr |
| DII Bought | 648.25 Cr |
Indian Market Stocks
| Sensex | 443.46 | +0.56% | 79,441.45 |
| Nifty 50 | 131.35 | +0.55% | 24,123.85 |
| Nifty Bank | 232.50 | +0.44% | 52,168.10 |
Market Movers
| Larsen | 99.95 2.83% | Shriram Finance | -99.35 -3.40% |
| Wipro | 10.85 2.06% | Bharti Airtel | -35.05 -2.41% |
| Infosys | 30.25 1.90% | Kotak Mahindra | -38.50 -2.13% |
| HDFC Bank | 25.40 1.49% | Tata Motors | -20.75 -2.07% |
| TCS | 39.20 0.99% | IndusInd Bank | -27.45 -1.88% |
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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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