The Indian inventory market ended a unstable session on a combined be aware as key benchmarks traded flat amid sectoral divergence. The BSE Sensex and NSE Nifty 50 witnessed subdued features regardless of selective energy in PSU banks and index heavyweights, whereas promoting strain in realty, FMCG, pharma, and media shares weighed on broader sentiment.
As of three:23 PM IST on July 1, the BSE Sensex closed at 83,763.26, up 156.80 factors (0.19%), and the NSE Nifty 50 settled at 25,550.65, gaining 33.60 factors (0.13%). The modest rise in benchmark indices mirrored cautious investor temper amid uneven buying and selling.
On the sectoral entrance, the Nifty PSU Financial institution index outperformed, climbing 0.7 p.c on sturdy shopping for curiosity. In the meantime, the realty, FMCG, pharma, and media sectors declined between 0.5 and 1 p.c, exerting strain on the general market. The cautious stance is attributed to revenue reserving and selective sector rotation.
Within the broader market, the BSE Midcap and Smallcap indices fell 0.4 p.c every, whereas the Nifty MidCap and Nifty SmallCap indices slipped 0.27 p.c and 0.33 p.c respectively, highlighting persistent weak point in mid-cap and small-cap shares (SMIDs). This development signifies buyers’ desire for large-cap and PSU banking shares amid prevailing market uncertainties.
Amongst particular person shares, Apollo Hospitals, Bharat Electronics (BEL), Reliance Industries, IndusInd Financial institution, and Jio Monetary emerged as main gainers on the Nifty, supported by optimistic sentiment and sturdy shopping for curiosity. Conversely, Axis Financial institution, Nestle India, Shriram Finance, Everlasting, and Trent have been notable laggards, dragged down by profit-taking and sector-specific headwinds.
Market contributors remained cautious forward of key international cues, together with upcoming financial coverage selections and macroeconomic knowledge. The combined sectoral efficiency mixed with subdued momentum in broader indices displays buyers’ wait-and-watch method.
General, the Indian fairness market displayed a uneven buying and selling sample with PSU banks offering some aid amid strain on realty, FMCG, pharma, and media shares. Buyers are carefully monitoring international developments and company earnings for recent triggers.
