Market Wrap, 1 July 2026: Sensex And Nifty 50 End On A Positive Note

The Sensex and the Nifty 50 ended Wednesday’s trading session on a positive note. In the process, they snapped the two-session losing streak. Several positive cues lifted investors’ sentiments. At the closing bell, the:

• Nifty 50 stood at 24,005.85, up 0.59%

• Sensex stood at 76,922.64, up 0.58%

Gains were also visible in broader markets. At the end of today’s trading session, the Nifty Midcap 100 index was up 0.34%, while the Nifty Smallcap 100 index was up 0.36%. The Nifty FMCG, Nifty Auto and Nifty Media outperformed. However, the Nifty Metal saw a decline (see table).

What Propelled Markets?

Three dominant factors contributed to the market rally today, including:

• Heavy buying in FMCG stocks in early trade, including Dabur, Colgate Palmolive, Nestle India, Emami, Hindustan Unilever and Godrej Consumer Products. These stocks climbed in the range of 3% to 5% in intraday deals.

• Strong global cues with the Wall Street, Dow Jones Industrial Average, Nasdaq Composite, Nikkei and Shanghai Composite recording gains.

• Steady oil prices with Brent crude futures hovering below USD 75 per barrel.

Other Important Headlines

Here are some other major headlines of the day:

• Star Group Ltd, owned by Walt-Disney, pumped ₹123 crore in foreign direct investment (FDI) into JioStar India.

• The National Payments Corporation of India (NPCI) has forged strategic partnerships with HSBC India and JP Morgan Payments to introduce foreign exchange conversion and settlement in real time for cross-border United Payments Interface (UPI) transactions.

• Skoda Auto India sold 38,894 units in the first half of 2026, a 7.5% year-on-year sales growth.

• Goods and Services Tax (GST) collection increased 13.9% year-on-year to ₹1,94,812 crore in June 2026.

Also Read- Duty Hike Triggers Sharp Fall In Gold Demand, Old Jewellery Sales Surge: IBJA

Gold And Silver Watch

Gold and silver prices declined on the Multi-Commodity Exchange (MCX) as a strong US dollar weighed on investors' sentiments. At 15:37, gold August futures on the MCX stood at ₹1,41,970 per 10 grams, down 0.39%. July silver futures during the same time stood at ₹2,22,190 per kg, down 2.14%.

Investors are likely to keep a close watch on global market cues, crude oil prices and developments in the US-Iran conflict in the coming sessions. Domestic factors such as foreign institutional investor (FII) flows, corporate announcements and sector-specific buying are also likely to be in focus.