Indian stock markets witnessed significant volatility on July 3. After opening higher in the green, bulls failed to hold control as bears pounced during the day. Benchmark indices closed in the red, erasing all losses recorded in the morning.
At close, Sensex was down over 170 points (0.2 percent) at 83,239.47, while Nifty 50 fell more than 48 points (0.19 percent) to end the session at 25,405.30.
Broader markets outperformed benchmarks, with midcap and smallcap indices closing the green with marginal gains. Media, auto and pharma stocks led gains, while PSU Banks, metals and realty stocks were the top losers.
Here are the stocks which moved the most today.
SpiceJet:
SpiceJet
The shares of SpiceJet jumped nearly 3 percent intraday on July 3 after the Indian airline announced that it has received the first two of its overhauled engines from international MRO provider StandardAero. The firm also said that it has successfully ungrounded another Boeing 737 NG. The shares later pared some gains to close at Rs 39.97 apiece.
M&M Financial:
M&M Financial
Shares of M&M Financial Services rose by 4 percent intraday after the company shared a stable business update for the first quarter of the financial year 2025–26. The shares later pared some gains to close at Rs 266.50 apiece.
In the April–June quarter, the company reported disbursements worth Rs 12,800 crore, which is a small increase of 1 percent compared to the same period last year. Its total business assets grew by 15 percent year-on-year to Rs 1.22 lakh crore. The company also said its loan recovery rate (collection efficiency) stood at 95 percent, slightly higher than 94 percent a year ago.
DMart:
DMart
Value retailer Avenue Supermarts Ltd, also known as the DMart parent, saw its shares tumble four percent in the early session on Thursday, July 3, after posting its business update for the quarter ended March, which came in under expectations.
DMart noted that the standalone revenue from operations for the quarter ended June 30, 2025 stood at Rs 15,932 crore, higher by 16.2 percent YoY from Rs 13,712 crore reported in the same quarter last year. The stock closed 1.41 percent lower at Rs 4,330 apiece.
Bosch:
Bosch
The shares of export-oriented auto stocks recorded significant gains on July 3 as markets remained optimistic around the possibility of India-US trade deal being announced soon.
India and US are on the verge of a breakthrough in their negotiations for a mini-trade deal, and an announcement could come as early as this weekend, people familiar with the matter told Moneycontrol.
Bosch shares were the top gainer among the auto stocks, jumping over 6 percent.
Natco Pharma:
Natco Pharma
Pharma stocks also accompanied auto stocks, bucking the downturn in the overall market to close in the green amid buzz around US-India trade deal. Natco Pharma shares were the top gainer on the pharma index, rallying over 5 percent to trade at Rs 970 apiece.
Nykaa:
Nykaa
Shares of FSN E-Commerce Ventures, also known as the Nykaa parent, fell 4 percent after a large deal took place on the bourses. Around 6 crore shares or 2.3 percent equity in the firm was exchanged.
According to sources, the Banga family, which includes shipping tycoon Harindarpal Banga, known as Harry Banga, and others, launched block deals to sell nearly 2 percent of its stake, or half of what it owns, in FSN E-Commerce.
Punjab National Bank (PNB):
PNB
Shares of Punjab National Bank (PNB) declined by more than 3 percent after the state-owned lender's April–June quarter (Q1FY26) business update fell short of brokerage expectations. Citi assigned a "sell" rating on the bank, while Morgan Stanley maintained its "underweight" stance.
Kotak Mahindra Bank:
Kotak Mahindra Bank
Shares of Kotak Mahindra Bank fell over 2 percent after global brokerage Macquarie downgraded the stock to 'neutral'. Macquarie, in its latest note, downgraded Kotak Mahindra Bank to ‘neutral’ but raised the target price to Rs 2,300, according to CNBC-TV18.
Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.
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