Stock Market Mid-Day Report, July 1, 2026: Sensex and Nifty Trade Higher; Iran Wars Ease Lift Market Sentiment

Mumbai, July 1: Indian benchmark equity indices traded higher at midday on Wednesday, following Wall Street’s strong close overnight with investors snapping-buying regional shares after tensions in the Middle East eased following Iran’s refusal to negotiate directly with top U.S. officials. 

At 11: 55 am, the BSE Sensex traded at 76,952.29, higher by 473.62 points or 0.62% from its previous close, while the NSE Nifty 50 traded at 24,002.65, higher by 136.90 points or 0.57% from its last close. 

Top Gainers & Losers 

Eternal was the top gainer among Nifty 50 stocks at midday, rising as much as 3.76% to Rs 274.55 from its previous close of Rs 264.60. It was followed by Adani Ports, up 2.51% to Rs 1,855.60 against Rs 1,810.20; Nestle India, higher by 2.46% to Rs 1,439.80 from Rs 1,405.20; Asian Paints, up 2.29% to Rs 2,696.00 against Rs 2,635.70; and Mahindra & Mahindra, gaining 2.23% to Rs 3,137.30 from Rs 3,068.80. 

Tech Mahindra was the top loser among Nifty 50 stocks at midday, down as much as 3.08% to Rs 1,361.40 from its previous close of Rs 1,404.70. HCL Technologies followed on the losing side, slipping 1.30% to Rs 1,057.90 from Rs 1,071.80. Larsen & Toubro declined 1.19% to Rs 4,094.30 against Rs 4,143.40; HDFC Life was down 1.16% to Rs 569.15 from Rs 575.85; and Hindalco Industries slipped 1.08% to Rs 946.25 from Rs 956.60. 

Broad Markets 

Nifty Midcap Select was the top gainer among broad market indices at midday, rising as much as 0.79%. It was followed by Nifty 50 and Nifty 100 both gaining 0.65%. All broad market indices were trading positive through the session, with none trading in red as of the last count. 

Sectoral Indices 

Nifty Media was the top gainer among sectoral indices at midday, surging 2.87%. It was followed by Nifty Realty, up 1.65% and Nifty FMCG, higher by 1.51%. Nifty IT fell 0.60%, while both Nifty Metal and Nifty Pharma declined 0.56% on profit booking. 

Iran War 

Iran said on Tuesday it would not hold direct talks with top U.S. envoys who arrived in Doha to try to end weeks of warfare, clouding the prospects for a peace deal, even as both sides prepared for lower-level technical talks with Qatar mediators, Reuters reported. Iranian officials said terms of a ceasefire agreed upon two weeks ago needed to be resolved before more complicated issues such as limits on Tehran’s nuclear programme were negotiated. President Donald Trump has weighed ordering a return to strikes on Iran but ultimately opted to give diplomacy more chance, Reuters reported. 

Asian Stocks Mixed; Wall Street Rallies 

Asian markets traded mixed on Wednesday, with Japan’s Nikkei 225 (+0.31%) and Thailand’s SET (+0.25%) advancing while Hong Kong’s Hang Seng (-0.42%), Indonesia’s Jakarta Composite (-0.38%) and Malaysia’s KLCI (-0.23%) slipped lower. Wall Street ended sharply higher on Tuesday, with the Nasdaq jumping 1.52%, the S&P 500 adding 0.79% and the Dow climbing 0.26%. 

Oil Price Trends Higher as Iran Says No to Talks with U.S. 

Oil prices ticked higher on Wednesday after Iran’s refusal to negotiate with top U.S. officials dimmed hopes of a ceasefire, Reuters reported. Brent crude oil rose 0.69% to $73.45 a barrel while U.S. WTI gained 0.91% to $70.13 a barrel. Brent slid around $45 a barrel between the first and second quarter, recording its steepest quarterly decline since 2008. Both benchmarks fell last week on news U.S. crude inventories fell by 6.1 million barrels in the week to June 26, data from the American Petroleum Institute (API) showed. 

Indian Stock Markets Higher to Start July 

Indian equity benchmarks opened higher on Wednesday, the first trading session of July. The Nifty 50 opened at 23,897.65 against its previous closing price of 23,865.75 and traded as high as 24,026.85 during the morning session. The markets’ firmer start was mainly led by Wall Street’s rally overnight and easing war-related risk aversion after Iran signalled willingness to talk with Qatar mediators later Wednesday. Both benchmarks extended their gains throughout the morning and traded above the 76,500 and 24,000 mark as of 11:55 am. 

Sources

• nseindia.com
• bseindia.com