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Informist, Friday, Jul. 3, 2026

 

By Arya S. Biju

 

MUMBAI – Domestic headline indices extended gains for the fourth straight week, marking the longest winning run since the beginning of the US-Israel war on Iran, which broke on Feb. 28. The indices gained 0.9?ch over this week, supported by a crash in crude oil prices to pre-war levels, signs of improving domestic consumption demand, and selling by foreign portfolio investors tapering off giving an upper hand to domestic investors, who had been constantly supporting the market. 

 

Friday, the Nifty 50 index ended at 24270.85, up 95.15 points or 0.4%. The BSE Sensex settled at 77763.91, up 261.79 points or 0.3%. With this, the indices rose for the third straight session, in which they gained 1.7?ch. The Nifty 50 index managed to break away from its recent consolidation range of 23800–24200 points. The index has been moving in this broad range for more than two weeks now. 

 

Crude oil prices continued to hover around $72 per barrel Friday, as traders remained cautiously hopeful about peace efforts between the US and Iran ahead of the long holiday weekend in the US. Further, shipping through the Strait of Hormuz continued to recover, easing concerns about supply disruptions. At 1540 IST, the September futures contract of Brent Crude was at $71.94 per barrel, up 0.2% from the previous close. 

 

Brokerage Citigroup sees Brent Crude extending declines to $60 a barrel by year-end as disruptions in the Strait of Hormuz ease. While the road to a US-Iran peace deal remains fragile and disputes persist over Strait of Hormuz administration and transit fees, the memorandum of understanding is expected to hold and turn into a deal over the coming months, The Wall Street Journal reported, citing analysts at Citi Research.

 

While the benchmark indices managed to end higher, broader market indices showed mixed trends. Nifty mid-cap indices fell 0.1-0.2% while small-cap indices was largely flat to 0.1% higher. The India Volatility index closed 4% lower at 11.7975 points Friday, indicating easing nervousness in the market. Over the week, the index shed around 10%. 

 

Shares of most information technology stocks rose Friday, with the Nifty IT index continuing its northward journey for the second straight session Friday, after falling to its lowest level in over five years Wednesday. The stocks rose after a softer-than-expected US jobs report eased concerns about near-term rate hikes by the US Federal Reserve and ‌lifted risk appetite for emerging markets. Lower interest rates would support growth and client spending in the US, which is a key market for Indian IT companies. 

 

HCL Technologies rose nearly 6?ter the company announced strategic partnership with a European firm to establish an artificial intelligence-led operating model to transform and manage their global digital workplace and enterprise networks. The initial term of the agreement is from July 2026 to December 2031, extendable for a further period of five years, the company said in an exchange filing. "This large-deal win reinforces HCL Tech's strong positioning in AI-led infrastructure and workplace transformation services, while significantly enhancing long-term revenue visibility through a multiyear annuity contract," ICICI Securities said in a note.  

 

 

Most pharma and healthcare stocks also extended their gains for the second straight session. Friday, the Nifty Pharma and Nifty Healthcare index rose 1.7% and 1.8%, respectively. Gains were led by Piramal Pharma, Aurobindo Pharma, Zydus Lifesciences, Ipca Laboratories, and Lupin, up 3.2-4.6%. 

 

Shares of gold financing companies, Manappuram Finance and Muthoot Finance rose 1.6% and 3.6%, respectively, following a rise in August futures contract of gold on the Multi Commodity Exchange of India. Shares of non-ferrous metal companies such as Hindustan Zinc, National Aluminium Co., Hindustan Copper, and Hindalco Industries rose 0.4-1.5% amid increase in prices of industrial metals such as aluminium and copper. Fading expectations of an immediate interest rate hike by the US Fed, supported the prices of these commodities. 

 

Shares of Sumitomo Chemical India gained 14?ter its Japan-based parent company Sumitomo Chemical announced that its South Korean unit, Dongwoo Fine Chem, has signed an agreement with Samsung Electro Mechanics to establish a joint venture to manufacture glass core substrates for advanced semiconductor packages, a key component used in next-generation chip packaging.

Among laggards, shares of power equipment companies such as GE Vernova T&D India, Hitachi Energy India, CG Power and Industrial Solutions, and Siemens Energy declined 7-9?ter reports said the government has allowed four Chinese power equipment manufacturers to participate in government tenders ‌for critical power projects. TBEA Energy, Nanjing Electric India, New Northeast Electric India, and Taikai Electric (India) will be the ones allowed to participate.

 

Shares of Adani Ports and Special Economic Zone fell 0.5%. The Kerala government expressed strong displeasure over the proposed investment of Switzerland-based Mediterranean Shipping Co. in Vizhijam Port. The port is operated through concessionaire Adani Vizhinjam Port Pvt. Ltd. Tuesday, Adani Ports had informed exchanges that the foreign shipping company would invest $1.4 billion and acquire 49% stake in the Kerala port. 

 

* Of the Nifty 50 stocks, 33 rose, 17 fell

* Of the Sensex stocks, 22 rose, 7 fell, 1 unchanged 

* On the NSE, 1,823 stocks rose, 1,513 fell, and 100 were unchanged

* On the BSE, 2,257 stocks rose, 1,986 fell, and 198 were unchanged
* Nifty Realty: up 2.2%; Nifty Healthcare: up 1.8%; Nifty PSU Bank: down 1.5%

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BSE                                             NSE

Sensex: 77763.91, up 261.79 points, or 0.3%   Nifty 50: 24270.85, up 95.15 points, or 0.4%

 

S&P BSE Sensitive Index	Nifty 50
Lifetime High: 86159.02 (Dec. 1, 2025)	: Lifetime High: 26373.20 (Jan. 5, 2026)
Record Close High: 85836.12 (Sept. 26, 2024)	: Record Close High: 26328.55 (Jan. 2, 2026)
2026 1st day close: 85188.60 (Jan. 1)	: 2026 1st day close: 26146.55 (Jan. 1)
2026 Closing High: 85762.01 (Jan. 2)	: 2026 Closing High: 26328.55 (Jan. 2)
2026 Closing Low: 71947.55 (Mar. 30)	: 2026 Closing Low: 22331.40 (Mar. 30)
2026 High (intraday): 85883.50 (Jan. 5)	: 2026 High (intraday): 26373.20 (Jan. 5)
2026 Low (intraday): 71545.81 (Apr. 1)	: 2026 Low (intraday): 22182.55 (Apr.2)
2025 1st day close: 78507.41 (Jan. 1)	: 2025 1st day close: 23742.90 (Jan. 1)
2025 Closing High: 85720.38 (Nov. 27)	: 2025 Closing High: 26215.55 (Nov. 27)
2025 Closing Low: 72989.93 (Mar. 4)	: 2025 Closing Low: 22082.65 (Mar. 4)
2025 High (intraday): 86159.02 (Dec. 1)	: 2025 High (intraday): 26325.80 (Dec.1)
2025 Low (intraday): 71425.01 (Apr. 7)	: 2025 Low (intraday): 21743.65 (Apr. 7)
2024 1st day close: 72271.94 (Jan. 1)	: 2024 1st day close: 21741.90 (Jan. 1)
2024 Closing High: 85836.12 (Sept. 26)	: 2024 Closing High: 26216.05 (Sept. 26)
2024 Closing Low: 70370.55 (Jan. 23)	: 2024 Closing Low: 21238.80 (Jan. 23)
2024 High (intraday): 85978.25 (Sep. 27)	: 2024 High (intraday): 26277.35 (Sept. 27)
2024 Low (intraday): 70001.60 (Jan. 24)	: 2024 Low (intraday): 21137.20 (Jan. 24)
2023 1st day close: 61167.79 (Jan. 2)	: 2023 1st day close: 18197.45 (Jan. 2)
2023 Closing High: 72410.38 (Dec. 28)	: 2023 Closing High: 21778.70 (Dec. 28)
2023 Closing Low: 59288.35 (Feb. 27)	: 2023 Closing Low: 17311.80 (Oct. 17)
2023 High (intraday): 72484.34 (Dec. 28)	: 2023 High (intraday): 21801.45 (Dec. 28)
2023 Low (intraday): 58699.20 (Jan. 30)	: 2023 Low (intraday): 17098.55 (Jan. 17)
2022 1st day close: 59183.22 (Jan. 3)	: 2022 1st day close: 17625.70 (Jan. 3)
2022 Closing High: 63284.19 (Dec. 1)	: 2022 Closing High: 18812.50 (Dec. 1)
2022 Closing Low: 51360.42 (Jun. 17)	: 2022 Closing Low: 15293.50 (Jun. 17)
2022 High (intraday): 63583.07 (Dec. 1)	: 2022 High (intraday): 18887.60 (Dec. 1)
2022 Low (intraday): 50921.22 (Jun. 17)	: 2022 Low (intraday): 15183.40 (Jun. 17)
2021 Closing High: 61305.95 (Oct. 14)	: 2021 Closing High: 18338.55 (Oct. 14)
2021 Closing Low: 46285.77 (Jan. 29)	: 2021 Closing Low: 13634.60 (Jan. 29)
2021 High (intraday): 61353.25 (Oct. 14)	: 2021 High (intraday): 18350.75 (Oct. 14)
2021 Low (intraday): 46160.46 (Jan. 29)	: 2021 Low (intraday): 13596.75 (Jan. 29)
2020 Closing High: 47751.33 (Dec. 31)	: 2020 Closing High: 13981.95 (Dec. 30)
2020 Closing Low: 25981.24 (Mar. 23)	: 2020 Closing Low: 7610.25 (Mar. 23)
2020 High (intraday): 47896.97 (Dec. 31)	: 2020 High (intraday): 14024.85 (Dec. 31)
2020 Low (intraday): 25638.90 (Mar. 24)	: 2020 Low (intraday): 7511.10 (Mar. 24)
2019 High (intraday): 41809.96 (Dec. 20)	: 2019 High (intraday): 12293.90 (Dec. 20)
2019 Low (intraday): 35287.16 (Feb. 19)	: 2019 Low (intraday): 10583.65 (Jan. 29)
2018 High (intraday): 38938.91(Aug. 28))	: 2018 High(intraday): 11760.20 (Aug. 28)
2018 Low (intraday): 32483.8 (Mar. 23)	: 2018 Low (intraday): 9951.9 (Mar. 23)
2017 High (intraday): 34005.37 (Dec. 26)	: 2017 High(intraday): 10515.10 (Dec. 26)

 

End

 

US$1 = INR 95.21

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Akul Nishant Akhoury

 

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