Stock market today: The domestic stock market saw healthy buying interest on Wednesday, 1 July, amid mixed global cues and a decline in crude oil prices.
Equity benchmark Sensex clocked a gain of 444 points, or 0.58%, to close at 76,922.64, while the Nifty 50 settled 140 points, or 0.59%, higher at 24,005.85. The mid and small-cap segments also moved up; the Nifty Midcap 100 index rose by 0.34%, while the Nifty Smallcap 100 index climbed by 0.36%.
The overall market capitalisation of BSE-listed firms rose to over ₹476 lakh crore from ₹474 lakh crore in the previous session, making investors richer by slightly more than ₹2 lakh crore in a single session.
What drove the stock market higher today?
The domestic market saw stock-specific action, with sentiment remaining cautious amid persistent uncertainty over US-Iran talks.
According to news agency Reuters, the US and Iran held technical talks in Doha on Wednesday. While both sides seek a lasting ceasefire, Iran seeks control over the Strait of Hormuz.
Crude oil prices eased, but the rupee declined.
Brent crude dropped by 1% to trade near the $72 per barrel mark. The Indian rupee declined by 67 paise to close at 95.23 per dollar.
“The domestic markets entered the second half of 2026 on an optimistic footing as multiple headwinds began to abate, with the anticipated US-India trade agreement, easing Middle East tensions, and benign oil prices emerging as the key drivers of positive sentiment,” Vinod Nair, Head of Research, Geojit Investments, noted.
Nair highlighted that the recovery was broad-based, with large caps outperforming due to favourable valuations and an expectation of a partial reversal of FPI sentiment following two years of outflows.
Top Nifty gainers and losers
As many as 33 stocks ended higher in the Nifty 50 index. Eternal, Adani Enterprises, Nestle India , Asian Paints, and Hindustan Unilever ended as the top gainers in the Nifty 50 index.
On the flip side, HCL Tech, Tech Mahindra, and TCS ended as the top laggards in the index.
Sectoral indices today
Nifty IT plunged 2%. The index is now down more than 31% so far this year. Nifty Metal declined 1%, while Pharma and Healthcare indices dropped by half a per cent each.
On the other hand, Nifty Realty surged 3.58%, followed by the FMCG and Media indices, which jumped more than 2%. Nifty Auto clocked an impressive gain of 1.15%.
Bank Nifty and Financial Services indices rose by almost 1% each.
Most traded stocks today
Vodafone Idea, Reliance Power, Ola Electric Mobility, Vedanta Power, Vedanta Oil and Gas, Vedanta Iron and Steel, AvenuesAI, and Jaiprakash Power Ventures were the most traded stocks in volume on the NSE.
Over 170 stocks hit 52-week highs
Adani Enterprises, Adani Ports and Special Economic Zone, CG Power and Industrial Solutions, Federal Bank, and Marico were among the 174 stocks that hit their 52-week highs in intraday trade on the BSE.
On the other hand, HCL Tech, Infosys, TCS, and Wipro were among the 92 stocks that hit their 52-week lows in intraday trade on the BSE.
Nifty’s technical outlook
Shrikant Chouhan, the head of equity research at Kotak Securities, said 23,900 would act as a key support level for the index. Above this, bullish momentum is likely to continue.
On the higher side, as per Chouhan, the market could move to 24,150-24,250. On the flip side, below 23,900, selling pressure is likely to accelerate, and the Nifty could retest 23,800 and the 20-day SMA, or 23,750.
Sudeep Shah, Head – Technical and Derivatives Research at SBI Securities, believes the immediate resistance for Nifty is placed in the 24130-24150 zone.
Shah said any sustainable move above this zone could result in Nifty extending its pullback towards 24300, followed by 24450 in the short term. On the downside, the immediate support for Nifty is placed in the 23870-23850 zone.
Vipin Kumar, AVP- Research at Globe Capital Market, pointed out that the benchmark Nifty index recovered from the lower band of its 12-day consolidation range of 23,800 to 24,260.
Kumar believes the index may remain sideways as long as it remains within this consolidation range, which aligns with the confluence zone of its 2-month and 6-month EMAs. A break on either side of the range will trigger the next short-term directional move.
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