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Firm trade persists in Indian markets
Jul-02-2026

A firm trade persisted in Indian equity markets during early afternoon deals, with both Sensex and Nifty holding their heads well above their respective neutral lines, on the back of heavy buying at IT and TECK counters, despite mixed cues from other Asian markets. A continued fall in crude oil prices helped underpin sentiment after Qatar said that indirect U.S.-Iran talks have made 'positive progress' and that the next round of talks will be held at the earlier possible time following the funeral procession of Iran's former Supreme Leader Ali Khamenei. Adding more relief, India has rolled out the Viksit Bharat - Guarantee for Rozgar and Aajeevika Mission (Gramin) [VB-G RAM G] Act, 2025 across the country, with an aim to strengthen rural livelihoods and advance the vision of a developed rural India.

On the global front, Asian markets were trading mixed, after consumer prices in South Korea were up a seasonally adjusted 0.1 percent on month in June. That was in line with expectations and down from the 0.5 percent increase in May.

The BSE Sensex is currently trading at 77344.67, up by 422.03 points or 0.55% after trading in a range of 77063.95 and 77449.25. There were 22 stocks advancing against 8 stocks declining on the index.

The top gaining sectoral indices on the BSE were IT up by 4.22%, TECK up by 2.17%, Realty up by 1.32%, Consumer Durables up by 1.04% and Basic Materials up by 0.79%, while Telecom down by 1.23%, Capital Goods down by 0.69%, Power down by 0.56% and Industrials down by 0.41% were the top losing indices on BSE.

The top gainers on the Sensex were Infosys up by 5.47%, HCL Technologies up by 4.47%, TCS up by 3.87%, Tech Mahindra up by 3.05% and Bajaj Finserv up by 2.20%. On the flip side, Larsen & Toubro down by 1.59%, Bharti Airtel down by 0.75%, Bharat Electronics down by 0.66%, Reliance Industries down by 0.31% and Maruti Suzuki India down by 0.29% were the top losers.

Meanwhile, the Commerce Ministry's investigation arm -- Directorate General of Trade Remedies (DGTR) has started anti-dumping probes against imports of five products from China and other nations. The investigation was initiated following separate complaints filled by domestic manufacturers. The applicants have alleged that the dumped imports of these goods are causing material injury and has requested the imposition of anti-dumping duties.

The DGTR has launched investigation against imports of moulded soda-lime glass vials, used in pharma industry for storage of injectable medicines, vaccines, antibiotics, from China; electric tractors, used in logistics and goods transportation operations, by Chinese firms; Cyanuric Chloride, used in agrochemicals, pharmaceuticals, dyes and pigments industries, from China and the European Union (EU); carbon raiser made anthracite coal from China; and Polyethylene Terephthalate Film above 100 microns, used in industrial applications from China, Singapore, Thailand and the UAE.

In all these probes, DGTR would determine the existence, degree and effect of the alleged dumping of the chemical exported from these countries. If it is established that the dumping has caused material injury to domestic players, the DGTR would recommend the imposition of duties on imports of all these five products. The finance ministry takes the final decision to impose these duties. The anti-dumping probes are conducted by countries to determine if domestic industries have been hurt because of a surge in cheap imports.

The CNX Nifty is currently trading at 24121.80, up by 115.95 points or 0.48% after trading in a range of 24058.80 and 24159.45. There were 37 stocks advancing against 13 stocks declining on the index.

The top gainers on Nifty were Infosys up by 5.41%, HCL Technologies up by 4.48%, TCS up by 3.80%, Tech Mahindra up by 3.02% and Wipro up by 2.62%. On the flip side, Larsen & Toubro down by 1.73%, Bajaj Auto down by 0.92%, Bharti Airtel down by 0.81%, Bharat Electronics down by 0.76% and SBI Life Insurance down by 0.69% were the top losers.

Asian markets were trading mixed; KOSPI dropped 655.32 points or 8.57% to 7,648.09, Shanghai Composite weakened 83.55 points or 2.07% to 4,028.90, Nikkei 225 slipped 1344.96 points or 1.95% to 69,130.00, and Taiwan Weighted lost 274.83 points or 0.59% to 46,744.16, while Jakarta Composite gained 87.26 points or 1.51% to 5,782.38, Straits Times rose 26.43 points or 0.51% to 5,187.93 and Hang Seng advanced 72.98 points or 0.32% to 22,954.00.
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