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Markets continue to trade higher in morning deals
Jul-03-2026

Indian equity benchmarks continued to trade higher in morning deals amid a rally in IT, TECK and Healthcare stocks and a softer-than-expected US jobs data tempering expectations of near-term monetary tightening by the Federal Reserve. Also, continued progress in the US-Iran negotiations has strengthened hopes of a diplomatic resolution, easing concerns over energy supply disruptions and providing support to risk assets. Some support also came as India and Japan have unveiled a raft of initiatives, including an economic partnership framework and a defence pact to co-develop military hardware following talks between Prime Minister (PM) Narendra Modi and his Japanese counterpart Sanae Takaichi. Sector-wise, railway sector's stocks remained in watch as the railway ministry said the Indian Railways transported 419.08 million tonnes of freight in the first quarter (April-June) of the 2026-27 fiscal, registering a growth of 1.46 per cent compared to the corresponding period during the previous financial year. On the global front, Asian markets were trading mostly in green as weak U.S. jobs data raised expectations that the Federal Reserve will hold rates this month and potentially in September. 

The BSE Sensex is currently trading at 78003.13, up by 501.01 points or 0.65% after trading in a range of 77854.83 and 78157.52. There were 21 stocks advancing against 9 stocks declining on the index.

The top gaining sectoral indices on the BSE were Realty up by 1.74%, IT up by 1.68%, TECK up by 1.43%, Healthcare up by 1.27% and Metal up by 1.04%, while Power down by 1.54%, Capital Goods down by 1.23%, Industrials down by 0.69% and Utilities down by 0.21% were the top losing indices on BSE.

The top gainers on the Sensex were HCL Technologies up by 4.97%, Sun Pharma up by 2.14%, Tata Steel up by 1.92%, Trent up by 1.90% and Bajaj Finance up by 1.55%. On the flip side, Adani Ports &SEZ down by 0.64%, Mahindra & Mahindra down by 0.55%, Kotak Mahindra Bank down by 0.50%, Interglobe Aviation down by 0.44% and Axis Bank down by 0.33% were the top losers.

Meanwhile, Union Petroleum Minister Hardeep Singh Puri has said that oil marketing companies incurred losses of Rs 74,781 crore by selling petrol, diesel, and LPG below cost for the period up to June 30 when global crude oil prices spiked in the wake of the West Asia conflict.

Puri stated international crude oil prices have come down but companies are still processing crude they bought at the height of the West Asia crisis. Oil companies typically buy crude oil -- the raw material for producing fuel -- at least two months in advance. So, crude oil that is being processed now is essentially what was bought in April or early May when international prices were very high.

Talking about the possibility of lowering petrol and diesel prices, Puri said this would be a legitimate question if oil prices stayed low for the next few weeks. Crude oil prices started coming down only in the second half of June following an agreement between the US and Iran to end the conflict.

The CNX Nifty is currently trading at 24340.35, up by 164.65 points or 0.68% after trading in a range of 24295.15 and 24378.15. There were 39 stocks advancing against 11 stocks declining on the index.

The top gainers on Nifty were HCL Technologies up by 4.80%, Dr. Reddy's Labs. up by 2.23%, Sun Pharma up by 2.22%, Trent up by 1.96% and Apollo Hospital up by 1.83%. On the flip side, Adani Enterprises down by 0.99%, HDFC Life Insurance down by 0.64%, Adani Ports &SEZ down by 0.62%, Mahindra & Mahindra down by 0.58% and Kotak Mahindra Bank down by 0.49% were the top losers.

Asian markets were trading mostly in green; Nikkei 225 surged 783.85 points or 1.14% to 69,517.00, Taiwan Weighted added 143.38 points or 0.31% to 46,887.54, Jakarta Composite gained 141.45 points or 2.4% to 5,886.01, Shanghai Composite strengthened 27.55 points or 0.68% to 4,056.45, KOSPI increased 407.59 points or 5.33% to 8,055.68, Hang Seng advanced 230.97 points or 1% to 23,286.00 and Straits Times rose 17.21 points or 0.33% to 5,234.36. 
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