Stock Market Update 3 July 2026: Sensex Gains Over 500 Pts; Nifty 50 Above 24,300

Most Indian stock market indices were trading in the green during early trade on Friday, 3 July 2026.

At around 9:23 AM, the Sensex was up by 504.53 points (0.65%) to trade at 78,006.65. The Nifty 50 was also up by 160.25 points (0.66%) to trade at 24,335.95.

Notably, both indices closed Thursday’s trading session as well in the green. At the market close, the Nifty 50 stood at 24,175.70, up 0.71%. The Sensex stood at 77,502.12, up 0.75%.

How Other Indices Are Performing?

Not just the Sensex and Nifty 50, but most other indices were trading higher during early trade on Friday.

At around 9:25 AM, Bank Nifty was up by 88.85 points (0.15%) to trade at 58,120.50. The Nifty Financial Servicesindex was also trading higher by 0.70% at 27,050.60.

Among the sectoral indices, Nifty IT (up 1.97%) and Nifty Metal (up 1.43%) gained the most. Nifty FMCG (up 0.45%), Nifty Pharma (up 0.63%) and Nifty Auto (up 0.1%) were also trading in the green. Nifty PSU Bank (down 0.89%) was the only index in the red.

Top Gainers And Losers

The overall market breadth was bullish during early trade on Friday. Approximately 123 shares were trading in the green, whereas 44 shares were in the red. 5 shares remained unchanged.

The top gainers on the Nifty were HCL Tech, Hindalco, Bajaj Finserv, Tata Steel and Wipro.

The top losers were Adani Enterprises, TMPV, Adani Ports, M&M and NTPC.

What About The Global Markets?

The global markets were also positive on Friday on the back of an improved geopolitical situation.

• S&P 500 futures rose 0.3% as of 10:45 AM Tokyo time.

• Nikkei 225 futures (OSE) rose 0.4%.

• Japan’s Topix rose 0.7%.

• Australia’s S&P/ASX 200 rose 1.1%.

• Hong Kong’s Hang Seng rose 1.8%.

• The Shanghai Composite rose 0.6%.

• Euro Stoxx 50 futures rose 0.2%.

Developments Shaping The Market

• US-Iran Peace Talks: The peace talks between the US and Iran in Qatar showed signs of progress. This was the main reason why most Asian markets rallied on Friday morning.

• Rupee Opens Flat: The Indian National Rupee (INR) opened higher by 18 paise at 95.21 per US dollar on Friday. Thursday's close was at 95.39.

• Oil Prices Drop: As the shipping traffic through the Strait of Hormuz continues to normalise, global oil prices remained under pressure on Friday. Brent crude witnessed its fourth consecutive weekly decline, leading to its longest losing streak since August 2024.

• FII Activity: A steady decline in foreign institutional investor (FII) outflows has helped keep market sentiment positive.

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Investor Takeaway

Factors like a drop in oil prices and a decline in FII outflows are favouring the markets. However, the rally will sustain only if it is supported by fundamental and geopolitical factors. If the war completely stops, the markets are expected to gain further steam in the upcoming sessions.