Taking Stock: Nifty below 25,500, Sensex down 288 pts; metals outperform

Market Today

The Indian benchmark indices ended lower in a volatile session on July 2, with Nifty below 25,500 amid selling seen in the realty, and financial names. At close, the Sensex was down 287.60 points or 0.34 percent at 83,409.69, and the Nifty was down 88.40 points or 0.35 percent at 25,453.40.

Biggest Nifty losers were Shriram Finance, Bajaj Finserv, IndusInd Bank, HDFC Life, L&T, while gainers were Tata Steel, JSW Steel, UltraTech Cement, Maruti Suzuki, Asian Paints.

Among sectors, metal index was up 1.4 percent, Consumer Durables index added 1 percent, while PSU bank, capital goods, realty, media, power were down 0.4-1.4 percent.

The BSE midcap and smallcap index shed 0.2 percent each.

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In stock specific action, Asian Paints shares rose 2.5% despite CCI orders probe into anti-competitive behaviour, IndusInd Bank shares fell 2.6% as Goldman Sachs cuts rating to 'sell' with up to 15% downside, Hyundai Motor shares slipped nearly 6 percent despite marginal increase in monthly sales data, RITES shares gained nearly 6 percent on order win worth $3.6 million from African Rail Company.

Paras Defence shares rose 4 percent after its arm got anti-drone systems supply order from France-based CERBAIR, Keystone Realtors shares rose 3 percent after company was selected by 8 societies for Andheri West for cluster redevelopment with GDV of Rs 3,000 crore, Tata Communications shares jumped 4% after Macquarie said stock may double in 3 years.

More than 140 stocks on the BSE touched their 52-week highs, including Kama Holdings, Asahi India, JK Lakshmi Cement, Sai Life Sciences, SRF, UltraTech Cement, Cholamandalam Financial Holdings, Laurus Labs, Dalmia Bharat, Ramco Cements, Bharti Airtel, Divis Labs, Federal Bank, LT Finance, AU Small Finance, City Union Bank, among others. Click to View More

Index	Prices	Change	Change%
Sensex	83,535.35	319.07	+0.38%
Nifty 50	25,574.35	82.05	+0.32%
Nifty Bank	57,937.55	60.75	+0.10%

Nifty 50 25,574.35 82.05 (0.32%)

Mon, Nov 10, 2025

• 1D
• 5D
• 1M
• 3M
• 6M
• 1Y
• 2Y

Biggest Gainer	Prices	Change	Change%
Infosys	1,513.50	36.70	+2.49%

Biggest Loser	Prices	Change	Change%
Trent	4,283.70	-343.60	-7.43%

Best Sector	Prices	Change	Change%
Nifty IT	35688.30	570.70	+1.63%

Worst Sector	Prices	Change	Change%
Nifty PSU Bank	8340.70	-11.45	-0.14%

Also Read: Newly-listed shares see profit booking a day after market debut; Kalpataru, Globe Civil, Ellenbarrie fall up to 5%

New Listings

HDB Financial shares ended with 13.5 percent gain at Rs 840.30 after listing at a decent premium over its IPO price.

Sambhv Steel Tubes shares ended 19.5 percent higher at Rs 97.99 after listing at premium of 34.15 percent over the IPO price of Rs 82 per share.

Outlook for July 3

Aditya Gaggar Director of Progressive Shares

After a moderate start, the Index struggled to sustain higher levels due to selling pressure in heavyweight stocks, which dragged the Index below the 25,400 mark. However, it managed to recover some of the losses towards the end and eventually settled at 25,453.40 with a loss of 88.40 points. Among sectors, Metal emerged as the best performer, advancing over 1.40%, followed by Auto. In contrast, the Realty segment extended its underperformance, correcting by over 1.40%. Banking indices also faced selling pressure as both BankNifty and PSU Banking declined by 0.80% & 0.83%, respectively.

The disparity was seen in the Broader markets as Midcaps outperformed while Smallcaps performed in line with the Frontline Index. Nifty50 tested its immediate support at 25,400, while 25,600 remains a key resistance level. A decisive break of either level is likely to lead to a directional move.

Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities

The consolidation movement continued in the market on Wednesday and Nifty closed the day lower by 88 points. After opening with a positive note, the market unable to sustain and started to show weakness for early to mid part of the session. Minor upside recovery was seen towards the end and Nifty closed off the lows.

A reasonable negative candle was formed on the daily chart with minor lower shadow. Technically, this market action indicates downward correction in the market from near the hurdle of previous opening down gap around 25700 levels.

Nifty is now sliding down to the important cluster support of around 25300-25200 levels (support of ascending trend line on the daily chart and the support as per change in polarity on the weekly chart). There is a higher possibility of sharp bounce back emerging from near the mentioned lower support area in the next 1-2 sessions.

The near-term uptrend of Nifty remains intact. The current weakness could end near the important supports of around 25300-25200 levels in the next 1-2 sessions and the market could witness sharp bounce back from the lower levels.

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