Market Midday, 3 July 2026: Sensex And Nifty 50 Rise

Equity benchmarks opened higher on Friday and the momentum continued during mid-session. They were supported by strong buying in information technology stocks and firm cues from Asian markets. At 12:22 pm, the Sensex was up 0.76%, while the Nifty 50 was up 0.76%.

The broader market also traded in the green. At 12:22 pm, the:

• Nifty Midcap 100 index was up 0.05%

• Nifty Smallcap 100 index was up 0.26%

Among sectoral indices, the Nifty IT and Nifty Metal emerged as strong performers. However, the Nifty Bank and Nifty PSU Bank lagged.

Top Stocks On Nifty 50

Stocks of the following entities emerged as the top five performers on the Nifty 50 index at 12:26 pm:

• HCL Technologies Ltd.

• Tech Mahindra Ltd.

• Max Healthcare Institute Ltd.

• Eternal Ltd.

• Apollo Hospitals Enterprise Ltd.

Stock-Specific Action

• PC Jeweller shares climbed as much as 5% in early trade after the company reported its business update for the first quarter of FY27.

• PB Fintech shares crashed nearly 8% in early trade after a large block deal worth ₹1,741 crore, resulting in 2.37% of the company’s equity changing hands.

• HCLTech shares rose 6% in intraday deals after the company announced a partnership with a European-headquartered Fortune Global 50 firm.

• Bajaj Finance shares gained 2% in early trade after the company released a business update for the quarter ending 30 June 2026.

• Hitachi Energy and GE Venova T&D India shares crashed up to 10% in intraday deals after reports emerged of the government's two-year exemption to four Chinese electrical equipment firms to participate in government tenders for vital power projects.

Also Read - ICRA Cuts Utkarsh Small Finance Bank's Debt Ratings On Asset Quality And Earnings Concerns

IPO Corner

IC Electricals’ initial public offering (IPO) opens for subscription today. Through the IPO, the company plans to raise ₹47.91 crore. Also, today is the last day for bidding for the Knack Packaging IPO. Through its IPO, Knack Packaging aims to raise ₹439.5 crore.

The focus in the second half of the session is expected to remain on IT stocks and trends in global markets. If buying continues in heavyweight technology shares and Asian markets hold their gains, the Nifty 50 and Sensex could remain firm.