Sensex Nifty Live Updates July 2: Profit Booking Weighs on Indices; Nifty Below 25,500

Indian benchmarks ended lower on Wednesday, with the Nifty 50 slipping 0.35% to close at 25,447 and the Sensex declining 0.34% to settle at 83,398. Weakness in financial stocks such as Shriram Finance, HDFC Life, and IndusInd Bank weighed on the indices, while gains in metal and paint majors like Tata Steel, JSW Steel, and Asian Paints offered some support. Globally, sentiment remained mixed—while the Nikkei and Shanghai Composite ended lower, the Hang Seng posted modest gains. European markets were trading in the green mid-session, and U.S. futures hinted at a slightly positive start.

Stock Market Highlights, July 2:

• Top Gainers & Losers: Tata Steel surged 3.65%, leading the gainers, followed by JSW Steel (+2.89%) and Asian Paints (+2.35%). On the downside, Shriram Finance dropped 2.84%, with HDFC Life and IndusInd Bank also seeing sharp declines.
• Domestic Market Performance: Benchmark indices ended lower, with the Nifty 50 falling 0.37% to 25,447 and the Sensex down 0.36% at 83,398, weighed down by weakness in financial and banking stocks.
• Global Market Trends: Asian markets showed mixed trends—Hang Seng gained 0.62%, while Nikkei slipped 0.56%. European indices were trading higher, and US futures pointed to a positive start.

Stay informed with our in-depth look at what’s driving the stock market tomorrow.

Top Gainers:

Top Losers:

Indian Market Closing Cues:

Asian Markets: 

European Market Mid-Session Update:

U.S. Markets Live Today

*As of 15:30 IST

Stocks in News Today:

Here are the top stocks to watch today following their latest earnings and key business updates.

Maruti Suzuki

Maruti Suzuki posted a 6% year-on-year drop in total sales for June 2025, delivering 167,993 units compared to 179,228 units sold during the same month last year.

Nazara Technologies

Nazara Technologies' subsidiary, Nodwin Gaming, has completed the acquisition of a 92.3% equity stake in AFK Gaming Pvt Ltd, expanding its footprint in the esports sector.

JK Cement

In a recent regulatory disclosure, JK Cement announced a final dividend of ₹15 per share for FY 2024–25. The 150% payout, based on a face value of ₹10, was sanctioned by the board on May 24, 2025.

SBI Card

SBI Cards and Payment Services has been issued a show cause notice by the Additional Commissioner (East 1), CGST Gurugram, regarding a proposed denial of input tax credit worth ₹81.93 crore.

JSW Energy

JSW Renew Energy Thirty Seven, a JSW Energy subsidiary, has entered into a Battery Energy Storage Purchase Agreement with Rajasthan Rajya Vidyut Utpadan Nigam Ltd for a standalone BESS project with 250 MW/500 MWh capacity.

Stock Market Outlook for July 2:

• Muted Opening Despite Overnight U.S. Gains: The Nifty opened 0.18% higher at 25,588, tracking gains in the Dow Jones (+0.91%), but sentiment remained cautious due to mixed cues from Asian peers, with the Nikkei slipping 0.61%.
• Derivatives Data Indicates Range-Bound Trade: With Nifty’s Max Pain at 25,500 and a low PCR of 0.74, options data suggests limited upside. Bank Nifty’s Max Pain at 57,000 and a healthier PCR of 1.05 reflect relatively stable sentiment in the banking space.
• FIIs Turn Net Sellers Again: Foreign investors offloaded equities worth ₹1,970 crore, while DIIs remained supportive with net purchases of ₹771 crore. This divergence may keep market momentum in check unless global cues turn decisively positive.
   

Indian Stock Market Recap: July 1

Indian stock markets edged higher in the previous session, supported by gains in select heavyweight stocks. The Nifty 50 rose 0.10% to close at 25,541, while the Sensex added 0.11%, settling at 83,697.

Indian Market Cues:

Global Market Cues (U.S. Indices):

Asian Markets: 

Crude Oil Prices:

Bond Yields:

FII/DII Activity:

Foreign Institutional Investors (FIIs) Net Buy/Sell: -1,970.10
Domestic Institutional Investors (DIIs) Net Buy/Sell: 771.10

*As of 09:44 IST
 

This content is for informational purposes only and not investment advice. Please do your own research before making any financial decisions.