Stock Market Today, July 3, 2026: Bulls Take Charge as Markets Extend Winning Streak into Friday; Sensex Surges 400 points and Nifty Up 125 points 

Mumbai, July 3: Indian equity benchmarks opened stronger on Friday, extending Thursday’s rally as strong gains on Wall Street and an even stronger showing across Asian markets lifted sentiment. 

The Sensex opened with a sharp jump of over 400 points in early deals and the Nifty 50 traded above 24,300 level on strong follow-through buying from yesterday’s IT led recovery session. Overall risk-on mood continues across global markets as investors cheer less volatile geopolitical developments even as Iran readies for a week of mourning beginning this weekend for top leader Ayatollah Ali Khamenei, killed earlier in a US-Israeli attack. With no immediate retaliatory attack from Iran overnight and crude oil prices stable, investors may choose to ignore lingering Middle East risk for now. 

The benchmark BSE Sensex traded 403.14 points or 0.52% higher at 77,905.26 and the Nifty 50 added 124.40 points or 0.51% to 24,300.10 at 9:19 am, on Friday, continuing from where it left on Thursday and sustaining well above the 24,150 mark which it had reclaimed yesterday. Gains in broader markets were also visible. 

Gainers & Losers 

HCL Technologies (HCLTECH) was the top gainer in the Nifty 50 pack, rising 4.63% to an LTP of Rs 1,128.00 from its previous close of Rs 1,078.10. Tech Mahindra (TECHM) followed at a distance, gaining 2.83% to Rs 1,424.50 against Rs 1,421.30. Hindalco (HINDALCO) added 2.60% to Rs 973.90 from Rs 949.20. Infosys (INFY) rose 2.16% to Rs 1,063.40 versus Rs 1,040.90. Tata Consultancy Services (TCS) advanced 1.86% to Rs 2,106.50 against Rs 2,068.10.  

On the other hand, Adani Enterprises (ADANIENT) was the top loser in the index pack, declining 1.24% to Rs 3,138.20 from Rs 3,177.50. Tata Motors Passenger Vehicles (TMPV) fell 1.04% to Rs 342.35 against Rs 345.95. NTPC dropped 0.50% to Rs 356.45 from Rs 358.25. POWERGRID and ADANIPORTS both lost 0.16% each to Rs 287.75 and Rs 1,880.10. 

Broader Markets 

Broad market indices traded broadly higher, with the Nifty 50 up 0.56% to 24,310.60, Nifty Financial Services 25/50 gaining 0.47% to 29,304.50, and Nifty Smallcap 50 rising 0.46% to 9,503.40. India VIX slipped 1.24% to 12.14, pointing to easing nervousness. Among sectoral indices, Nifty IT led with a 2.39% jump to 27,608.80, Nifty Metal climbed 1.54% to 12,695.95, and Nifty Midsmall IT & Telecom added 1.36%, while Nifty PSU Bank was the biggest laggard, down 0.72% to 8,477.75, followed by Nifty Auto, off 0.16%, and Nifty Midsmall Financial Services, marginally lower by 0.03%. 

Sectoral Moves 

Sectoral indices opened higher with IT blazing the trail. Nifty IT jumped over 2.39% to 27,608.80, Nifty Metal climbed 1.54% to 12,695.95 while Nifty Midsmall IT & Telecom rose by 1.36%. Nifty PSU Bank was the biggest loser early down 0.72% to 8,477.75. Nifty Auto eased 0.16% while Nifty Midsmall Financial Services slumped marginally by 0.03%. 

Oil Prices 

Oil prices rebounded marginally on Friday. Brent crude futures were up 0.24% at $72.10 a barrel while West Texas Intermediate was higher by 0.20% at $68.83 a barrel after hitting their lowest since before the conflict between Iran and Israel started during the previous session. Overall traders are cautiously optimistic as they wait for clearer signs that the peace around the Strait of Hormuz will continue to hold. 

Iran War 

Iran braces for a week of mass funeral rites for slain top leader Ayatollah Ali Khamenei with the first official processions beginning this weekend in Tehran and other cities like Qom and Mashhad later in the week. He has been replaced by his son Mojtaba, the country’s new third supreme leader. Iranians are expected to mourn Khamenei’s death for a week which will cap off with his funeral in Mecca next Friday. The death of Khamenei will likely keep the Iranian’s focussed on ceremony over launching any new attacks in the near term. 

Asian Markets  

Asian markets continued to trade higher on Friday morning. Hong Kong’s Hang Seng jumped 1.92%, Japan’s Nikkei 225 gained 0.78% while Australia’s All Ordinaries added 1.06%. Malaysia and Indonesia also traded firmer across the board. Only China’s Shanghai Composite edged down 0.06% and Vietnam’s HNX 30 slipped 0.21%. 

US Markets  

US markets ended mixed on Thursday. The Dow Jones ended sharply higher surging 594.83 points or 1.14%. The S&P 500 ended in green but Nasdaq was the odd one out closing 0.80% lower. US markets will be closed on Friday for Independence Day holiday. 

Thursday Session 

The Sensex and Nifty had advanced for a second consecutive session on Thursday rising for the first time in five sessions led by a sharp recovery in IT stocks that snapped four sessions of losses. The Sensex advanced 579.48 points or 0.75% to end at 77,502.12 and the Nifty 50 rose 169.85 points or 0.71% to close at 24,175.70. Positive sentiment continued to prevail with 2,436 stocks advancing versus 1,663 declining ones. 

Sources

• bseindia.com
• nseindia.com