The Sensex rose nearly 262 points to close at 77,764, while the Nifty 50 gained over 95 points to end the session above 24,270. The sharp gains took the total market capitalization of all BSE-listed companies to around Rs. 44,155 crores, bringing it to Rs. 480 lakh crores.
Here’s how analysts read the pulse of the market:
Domestic markets closed the session higher despite intermittent volatility and profit-booking, helped by supportive global cues and rising expectations of a global rate environment following soft US labor market data, said Vinod Nair, head of research at Geojit Investments.
He noted that the positive outcome of the India-Japan summit and the continued recovery in the IT sector have boosted the sentiment.
“On the domestic front, softening crude oil prices is a key macro tailwind, supporting the inflation outlook, external balance and overall economic stability. Focus now shifts to the Q1FY27 earnings season and management commentary, especially amid the growing monsoon deficit. Markets are likely to maintain an upbeat and earnings outlook including global earnings, growth. US-India FTA, remaining key monitorables,” he added.
Tech View
The Nifty has registered a consolidation breakout on the daily chart, indicating an improvement in market sentiment, said Rupak De, senior technical analyst at LKP Securities.
“Furthermore, the index continues to hold above the crucial 50-day EMA, reinforcing the positive short-term trend. The RSI has also seen a bullish crossover, adding further strength to the momentum. Going forward, the Nifty looks well-positioned for a move towards 24,500 and potentially at 24,000, support at 2000, 2000 downside, At 2000-0000, the index follows through a strong support zone around 24,000,” he added.
Most active stocks in terms of turnover
Policy Bazar (Rs 3,694 crore), Zensar Tech (Rs 3,082 crore), CG Power (Rs 2,233 crore), ABB Power (Rs 2,137 crore), HDFC Bank (Rs 2,077 crore), ICICI Bank (Rs 1,822 crore), and GE were the most active T&D stocks in India, with the highest TR0. NSE in terms of value. High activity across the counter in terms of value can help identify stocks with the highest trading turnover during the day.
Most active stocks in terms of volume
Vodafone Idea (Shares Traded: 31.05 Crore), Ola Electric Mobility (9.65 Crore), Yes Bank (8.60 Crore), Suzlon Energy (7.10 Crore), Zensar Tech (6.07 Crore), Reliance Power (5.21 Crore), and Bank of Baroda (3.93 Crore) were the most active in the NSE stock term with the highest active trade volume.
Stocks show interest in buying
Sumitomo Chemical, Zensor Tech, Aegis Vopak Terminals, Eclerks Services, HCL Tech, Canes Technology and M&M Financial were among the stocks that saw strong buying interest from market participants.
52-week high
Stocks that touched a 52-week high on the NSE included Aurobindo Pharma, Nuwama Wealth Management, Oberoi Realty, Aadhaar Housing Finance, Cadila Healthcare, Anand Rathi Wealth and IPCA Laboratories.
Selling pressure is seen in stocks
Stocks that saw significant selling pressure included GE T&D India, ABB Power, Siemens Energy India, CG Power, Union Bank of India, Thermax and Apar Industries.
The sentiment meter favors the bulls
Of the 3,436 stocks traded on the NSE on Friday, July 3, 1,823 advanced, 1,513 declined, while 100 remained unchanged.
(Disclaimer: Recommendations, suggestions, opinions and views given by experts are their own. These do not represent the views of Economic Times)
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