Market Wrap, 2 July 2026: Sensex And Nifty 50 End Higher

The Sensex and the Nifty 50 closed Thursday’s trading session in the green. Gains in information technology (IT) stocks and a decline in oil prices boosted investors’ sentiments. At the closing bell, the:

• Nifty 50 stood at 24,175.70, up 0.71%

• Sensex stood at 77,502.12, up 0.75%

Broader markets also recorded gains. The Nifty Midcap 100 index was up 0.48%. The Nifty Smallcap 100 index was up 1.25%. The Nifty IT, Nifty Realty and Nifty Consumer Durables ended the day on a high. On the other hand, the Nifty PSU declined (see table).

Factors Driving Market Rally

The following factors led to a market rally today:

• Further drop in oil prices with Brent crude futures falling to below $71 per barrel in early trade, thus returning to pre-war prices.

• Rebound in IT stocks with heavyweights like Infosys, TCS and HCL Tech staging a sharp surge.

Other Important Headlines

Some other headlines of the day are as follows:

• Bajaj Auto reported a healthy 28% year-on-year (YoY) increase in total sales, including exports, of its vehicles in June 2026, to 4,63,202 units.

• Carlsberg has filed draft papers confidentially for an initial public offering (IPO) to raise approximately ₹6,650 crore.

• India and Japan unveiled a multi-billion-dollar roadmap to deepen their ties with more than $10 billion in fresh Japanese investments.

• The government has identified Life Insurance Corporation of India, Hindustan Zinc Ltd and other state-controlled banks for stake sales in the coming months.

Also Read- SBI Mutual Fund Gears Up For ₹11,400 Crore IPO

Gold And Silver Watch

Gold and silver prices traded mixed on the Multi-Commodity Exchange (MCX). At 15:39, gold August futures on the MCX stood at ₹1,44,380 per 10 grams, down 0.03%. September silver futures during the same time stood at ₹2,31,303 per kg, up 0.40%.

Investors are expected to monitor whether buying sustains in IT stocks after Thursday's rebound and if crude oil prices remain stable. At the same time, global market cues, stock-specific developments, corporate updates and any fresh movement in commodity prices are also likely to remain in focus.