Indian equity markets staged a strong recovery on July 1, snapping a two-session losing streak as easing crude oil prices, hopes of progress in a US-India trade agreement and improving global sentiment lifted investor confidence. The rally added more than ₹2 lakh-crore to the market value of listed companies.
The Sensex gained 444.07 points, or 0.58 percent, to close at 76,922.64, while the Nifty 50 rose 140.20 points, or 0.59 percent, to settle above the psychologically important 24,000 mark at 24,005.85.
Sensex rose 444 points to 76,922.64
Nifty 50 advanced 140 points to 24,005.85
Investors' wealth increased by over ₹2 lakh-crore
BSE market capitalisation climbed to more than ₹476 lakh-crore
Midcap and smallcap indices also ended in positive territory
Markets snapped a two-day losing streak
The recovery was supported by a combination of domestic and global factors.
Brent crude oil prices slipped nearly 1 percent to around $72 a barrel, easing concerns over inflation.
Expectations of a possible US-India trade agreement boosted sentiment.
Investors took comfort from relatively calmer geopolitical developments in West Asia, although uncertainty surrounding US-Iran negotiations persisted.
Buying interest was concentrated in select large-cap stocks after recent declines.
Market analysts said lower oil prices and hopes of improving foreign investor sentiment encouraged investors to return to equities at the beginning of the second half of 2026.
The rally extended beyond benchmark indices.
Nifty Midcap 100 gained 0.34 percent
Nifty Smallcap 100 rose 0.36 percent
The total market value of companies listed on the BSE increased from around ₹474 lakh-crore to over ₹476 lakh-crore, resulting in a single-day wealth creation of more than ₹2 lakh-crore for investors.
Realty stocks led the gains, while the information technology sector remained under pressure.
Nifty Realty: +3.58 percent
Nifty FMCG: More than 2 percent
Nifty Media: More than 2 percent
Nifty Auto: +1.15 percent
Bank Nifty and Financial Services: Nearly 1 percent each
Nifty IT: -2 percent
Nifty Metal: -1 percent
Pharma and Healthcare: Around -0.5 percent each
The IT index has now fallen more than 31 percent so far in 2026, reflecting continued pressure on technology stocks.
Among the Nifty 50 constituents, the biggest gainers were:
Eternal
Adani Enterprises
Nestle India
Asian Paints
Hindustan Unilever
The major laggards included:
HCLTech
Tech Mahindra
TCS
Vodafone Idea, Reliance Power, Ola Electric Mobility, Vedanta Power, Vedanta Oil and Gas, Vedanta Iron and Steel, AvenuesAI and Jaiprakash Power Ventures were among the most actively traded stocks by volume on the NSE.
Market breadth remained healthy, with:
174 stocks touching fresh 52-week highs on the BSE, including Adani Enterprises, Adani Ports, CG Power, Federal Bank and Marico.
92 stocks hitting 52-week lows, including HCLTech, Infosys, TCS and Wipro.
Technical analysts expect the Nifty to remain in a consolidation phase unless it breaks decisively above current resistance levels.
Immediate support is seen around 23,850-23,900.
A sustained move above 24,130-24,150 could pave the way for a rally towards 24,300-24,450.
A fall below 23,900 may trigger fresh selling, with downside targets around 23,800-23,750.
Analysts believe the benchmark index is still trading within a broader consolidation band of 23,800 to 24,260, and a breakout on either side is likely to determine the market's next short-term direction.
