Market commentary: Indian equity markets take a cautious stance; short term profit booking prevails

Indian equity markets ended the day in red again today, 3^rd July, 2025. Nifty 50 ended the day, down by 48.10 points or 0.19%. Sensex ended the day, down by 170.2 points or 0.20%.

Top Gainers & Losers

Top gainers at Nifty 50 today were Dr Reddy’s , Apollo Hospitals, and Hero Motors. Top Losers at Nifty 50 were SBI Life, Kotak Bank and Bajaj Finserv.  Dr Reddy’s stock saw some buying demand today after the decline of the past few days. Apollo Hospitals continued to gain today after the decision to demerge its digital and pharmacy distribution businesses. SBI Life, Kotak Bank and Bajaj Finserv, all saw profit booking today.

Among broad market indices, Nifty 100 was the top loser today. It ended the day, down by 0.25%. Nifty Smallcap 50 was the top gainer. It ended the day, up by 0.42%. Among sectoral indices, Nifty Media index was the top gainer. It ended the day, up by 1.45%. Among media stocks, Zee Entertainment gained 2.48%.

Nifty PSU bank index was the top loser today. It ended the day, down by 0.89%. Some banking stocks continued to see profit booking. Sentiments regarding public sector banks got a bit of dampener because of RBI report that credit growth has still not picked up in spite of interest rate cuts by the central bank.

Market breadth was negative today

Market breadth was negative. 1450 stocks gained during the day. 1472 stocks declined. 103 stocks remained unchanged.

Indian equity markets seem to be in a cautious mood now. Short term profit booking seems to be prevailing amongst traders and investors.

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Source: NSE