Market Wrap, 3 July 2026: Sensex And Nifty Extend Winning Run

The Sensex and Nifty 50 ended higher for the third consecutive session on Friday despite mixed global cues.

Upon close, the:

• Nifty 50 stood at 24,270.85, up 0.39%

• Sensex stood at 77,763.91, up 0.34%

Broader markets underperformed the benchmarks. The Nifty Midcap 100 index declined 0.19%, while the Nifty Smallcap 100 index edged up 0.04%.

What Moved The Market Today?

Markets found support from expectations that the US Federal Reserve may not need to raise rates aggressively after softer labour market data from the US.

Lower crude oil prices also improved sentiment. Brent crude traded below $72 per barrel despite a modest rise during the day.

Domestic markets closed higher despite intermittent volatility and profit booking, supported by favourable global cues and expectations of a more accommodative rate environment.

The rupee strengthened by 14 paise to close at 95.21 against the US dollar.

Other Important Headlines

Some other important developments during the session were:

• Raymond Realty gained 10% after reporting that Q1 pre-sales more than doubled.

• The government is considering an EV incentive scheme worth up to ₹20,000 crore.

• Tata Motors and Welspun Renewable Energy signed a power purchase agreement.

• IDFC First Bank reported a 17.7% rise in total deposits to ₹3.11 lakh crore in its Q1 update.

• As many as 196 stocks hit fresh 52-week highs during intraday trade.

Also Read - OMC Underrecoveries Hit ₹2.19 Trillion Despite Fuel Price Hikes

Gold And Silver Watch

Gold and silver prices advanced on the Multi Commodity Exchange (MCX).

Gold futures settled at ₹1,47,700 per 10 grams, up 1.34%. Silver futures ended at ₹2,37,500 per kg, gaining 1.73%. Copper futures also closed higher at ₹1,284.50 per kg, up 0.75%.