Nifty & Sensex Today 2 July | Top Gainers & Losers

Nifty ends above 15700, Sensex gains 166 pts, top gainers and losers

 

Nifty & Sensex Today 2 July: Indian stock markets opened higher on Friday amid positive cues from the global market peers. Markets were trading volatile in a tight range. In the last hour markets erased all losses and turned positive with both Nifty and Sensex closed marginally higher.

Traders took some support after credit rating agency, Moody’s Investors Service assessed the overall economic effect of the Covid-19 second wave. According to Moody, the economic impact in the second wave is softer than the first wave of the pandemic last year. Moody expects the current lockdown and restrictions have been more targeted, localized, and less stringent and will have a less adverse impact on the Indian economy. Traders also took positively the report that RBI said a scheme providing interest subsidy for post and pre-shipment export credit has been extended by three months till September.

 

Sensex, Nifty, and Bank Nifty on the spot price today

 

At the close, Nifty gained 42.20 points or 0.27 percent and closed at 15722.20 levels while Sensex was up by 166.07 points or 0.32 percent and finished at 52484.67 levels. The Bank Nifty on the spot price was up by 125.90 points or 0.37 percent and ended at 34809.90 levels.

The border markets outperformed the benchmark indices today. The Nifty midcap index gained 137.50 points or 0.51 percent and closed at 27020.10 levels. The Nifty smallcap index jumped 104.70 points or 1.07 percent and finished at 9903.10 levels.

The top five gainers in the Nifty 50 index were Divis Lab, Reliance, ICICI Bank, Coal India, and Tata Consumer. The top five losers in the Nifty 50 index were Tata Steel, JSW Steel, Britannia, Power Grid, and Grasim. The most active stocks in the Nifty 50 index were Reliance, Adani Port, and HDFC Bank.

On a sectoral basis, Oil & Gas, Healthcare, Consumer Durables, Telecom, and Financial sectors closed higher. The sectors that closed lower are Metals, Power, and FMCG.

 

Global Market Updates

 

On a global front, Asian markets were closed mixed, as South Korea’s consumer price inflation slowed in June but remained above the central bank’s target for the third straight month. Traders were also cautious ahead of the U.S unemployment data. The European markets are trading higher ahead of the U.S monthly job data that expected later today. The U.S future indexes, Dow future is trading flat while Nasdaq future is trading marginally higher at 4.30 pm IST

 

 

Market Live Today 2 July: Nifty and Sensex are trading marginally lower, Bank Nifty trading flat

 

Market Live Today 2 July: Indian stock markets opened higher on Friday tracking positive cues from the U.S markets overnight. Nifty opened at 15705.85 levels, up by 25.85 points while Sensex made a positive opening of 115.95 points at 52434.55 levels. The Bank Nifty spot price also opened higher at 34728.10 levels, up by 44.1 points from the previous close.

At 9.40 am IST, the Indian market key indexes, Nifty and Sensex are trading marginally lower by 0.06 percent and 0.10 percent respectively The Bank Nifty on the spot price is trading almost flat.

Adani Ports, ONGC, IOC are trading as the top gainers in the Nifty 50 index whereas TCS, Infosys, and Britannia are trading as the top losers. The most active stocks in the Nifty 50 index at this moment are HDFC Bank, Reliance, and Adani Ports.

On a sectoral basis, Healthcare, Oil & Gas, and Infrastructure sectors are trading as the top gainers whereas the Insurance, Telecom, and FMCG sectors are trading in the red.

 

Nifty and Sensex are likely to open higher today

 

Good morning and welcome to the Nifty and Sensex live today, 2 July at 8.05 am IST

Asian markets are mostly trading higher on Friday tracking positive cues from the U.S market indexes overnight. Nikkei is trading higher by 0.27 percent whereas Hang Seng is trading lower by 1.21 percent. Shanghai is also trading lower by 1.23 percent at this moment. SGX Nifty is up by 28 points at 15755 levels. The indication getting from the Asian markets is positive for the domestic markets. Indian market Indexes Nifty and Sensex are likely to open higher today.

 

U.S Market Indexes

 

The U.S stock market indexes gained for the sixth consecutive session on Thursday due to the gain in oil price, and a further improvement in jobless claim data. Investors are optimistic about the economic growth and rising demand in the U.S and less concerned about the Federal Reserve interest hike on rising inflation.

The U.S market indexes Dow and S&P 500 gained 0.38 percent and 0.52 percent respectively while the Nasdaq composite was up 0.13 percent on Thursday.

 

European Market Indexes

 

European market indexes closed higher on Thursday, as a rally in crude oil prices saw energy stocks surge more than 2 percent. The market sentiment got further boosted with strong earnings reports and improved economic data that helped investors get temporary relief from the concern of the Delta variant of coronavirus infection. 

The European market indexes FTSE and CAC gained 1.25 percent and 0.71 percent respectively. While the DAX closed higher by 0.47 percent on Thursday.

 

Indian market Indexes

 

Indian stock market closed lower on Thursday amid mixed global cues. The key indices Nifty and Sensex closed lower by 0.26 percent and 0.31 percent respectively. FIIs were the seller and DIIs were the buyers in the cash market segment. FIIs sold Rs 1245.29 crores while DIIs bought Rs 880.60 crores in the cash market segment on Thursday.

 

News that may impact the Nifty and Sensex live today

 

 

On 1st July, according to RBI Financial Stability Report (FSR), the impact second wave of Covid-19 on the balance sheet of Indian banks has been less than it was projected before. The capital buffers are reasonably resilient to withstand future shocks, RBI governor Saktikanta Das has said while announcing the RBI FSR report.

According to the RBI FSR  report, the gross non-performing assets (GNPA) of banks may rise to 9.8 percent by March 2022 under a baseline scenario, from 7.48 percent in March 2021.

In the U.S the worker’s filings for jobless benefits fell to 364,000 last week, reaching a new pandemic low as layoffs continue to decline. On Thursday, the U.S labor department said the initial jobless claims in the week ended June 26 fell by a seasonally adjusted 51000 from the prior week’s revised total of 415,000

You can visit again to read more on Nifty and Sensex live updates today 2nd July after the markets get open.

 

You may also like to read, Nifty & Bank Nifty Prediction for Tomorrow, 2 July 2021

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Happy Investing !!

Editor’s Desk