Sensex, Nifty Rebound in Early Trade Amid Global Market Optimism

Mumbai, July 1: Indian benchmark equity indices, Sensex and Nifty, opened with a strong rebound on Tuesday, recovering from Monday’s profit-taking session. This positive sentiment was largely driven by robust cues from global markets and renewed buying interest in heavyweight stocks such as Reliance Industries and HDFC Bank.

Key Highlights (as of 10:00 a.m.)

• The Sensex surged by 177.79 points, reaching 83,784.25.
• The Nifty gained 51.2 points, touching 25,568.25.
• Blue-chip stocks such as Reliance Industries, HDFC Bank, and UltraTech Cement led the gains

The positive opening for Indian markets was significantly influenced by the bullish momentum in global equities. U.S. markets closed at record highs on Monday, instilling confidence among investors worldwide. Most Asian markets also reflected this optimism, with South Korea’s Kospi and China’s Shanghai Composite Index trading higher. However, Japan’s Nikkei 225 was seen under some pressure, indicating mixed sentiment in certain regions.

Sector & Stock Movements

Among the gainers on the Sensex, the top performers included:

• Asian Paints
• Bharat Electronics
• UltraTech Cement
• Reliance Industries
• HDFC Bank
• HCL Technologies

On the downside, Trent, Axis Bank, Eternal, and Tata Steel were among the key laggards during early trade.

Macro Factors Driving Sentiment

The current market rally is also backed by easing geopolitical tensions in West Asia and a strong belief in India’s fundamental economic strengths. These factors are expected to continue attracting sustained foreign fund inflows.

 Market participants will be closely monitoring updates on global tariff developments. Any shifts in trade policies could influence broader market direction and introduce volatility.

Global Market & Oil Update

• Brent crude fell slightly by 0.24%, trading at USD 67.61 per barrel
• US markets closed higher on Monday, setting a positive tone for Asian trading hours

FII Activity

Despite the current rebound, Foreign Institutional Investors (FIIs) were net sellers in the previous session (June 30), offloading equities worth ₹831.50 crore, according to exchange data. This indicates that while domestic institutional investors (DIIs) have been providing strong support, FIIs remain cautious.

It’s worth noting that in Monday’s session (June 30), the Sensex had declined by 452.44 points, and the Nifty fell by 120.75 points, bringing an end to a four-day winning streak due to profit booking. Today’s early gains suggest a fresh start to the trading week, with market participants closely watching for further trends throughout the day.

What’s Ahead?

Markets are likely to remain range-bound with a positive bias in the near term, as global sentiment stays supportive. Investors will be watching upcoming economic data from the US and India, along with updates on global trade policies. Oil price movements and further FII activity will also play a key role in setting the tone for the rest of the week. Traders may focus on sector-specific developments and Q1 earnings cues starting mid-July.

Stay tuned for midday and closing bell updates as market trends evolve through the day.

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