Sensex and Nifty News: Indices End Lower; Metal Stocks Shine Amid Volatility

Market Performance: Sensex and Nifty Dip Amid Choppy Session

On July 2, Indian stock markets closed in the red after a volatile trading session. The pressure was primarily seen in the real estate and financial sectors.

• Sensex dropped 287.60 points or 0.34%, ending at 83,409.69
• Nifty slipped 88.40 points or 0.35%, finishing at 25,453.40

Sector Highlights:

• Metals led the way, with the metal index gaining 1.4%
• Consumer Durables followed, adding 1%
• Reality, PSU Bank, Capital Goods, Media, Power fell by 0.4% to 1.4%
• The BSE Midcap and Smallcap indices declined by 0.2% each.

Main News: Stocks in Focus on July 2

A closer look at major market moves reveals mixed performance across sectors:

Top Gainers on Nifty:

• Tata Steel
• JSW Steel
• UltraTech Cement
• Maruti Suzuki
• Asian Paints (+2.5%)

Top Losers on Nifty:

• Shriram Finance
• Bajaj Finserv
• IndusInd Bank (-2.6%)
• HDFC Life
• L&T

More than 140 stocks on the BSE reached 52-week highs, signaling a selective bullish momentum. Notable names include:

• Kama Holdings
• Asahi India
• JK Lakshmi Cement
• SRF
• UltraTech Cement
• Divi's Labs
• Federal Bank
• LT Finance
• Bharti Airtel
• AU Small Finance Bank
• City Union Bank

Company-Wise Market Action

Asian Paints

• Rose 2.5%
• Gains came despite CCI's probe into alleged anti-competitive practices

IndusInd Bank

• Fell 2.6%
• The decline followed a downgrade by Goldman Sachs

Hyundai Motor

• Dropped nearly 6%
• Losses occurred even with a marginal rise in monthly sales

RITES Ltd

• Surged 6%
• Boosted by a $3.6 million order from an African Rail Company

Paras Defence

• Gained 4%
• Received an anti-drone systems order from CERBAIR, France

Keystone Realtors

• Rose 3%
• Chosen by eight societies in Andheri West for redevelopment with a GDV of ₹3,000 Crore

Tata Communications

• Jumped 4%
• Upbeat trading despite lack of major announcements

New Listings on July 2

HDB Financial

• Listed with 13.5% gains
• Closed at ₹840.30
• Opened at a decent premium over the IPO price

Sambhv Steel Tubes

• Ended 19.5% higher
• Closed at ₹97.99
• Listed at a 34.15% premium to the IPO price of ₹82

Summary of the Article

The Sensex and Nifty ended lower on July 2, primarily due to weakness in real estate and financial stocks. However, the metal and consumer durables sectors stood out with positive momentum. Over 140 stocks have hit 52-week highs, reflecting stock-specific buying interest amid broader market volatility.

Notable corporate developments—such as order wins, sector probes, and redevelopment deals—kept individual stocks active. Meanwhile, new listings like HDB Financial and Sambhav Steel Tubes impressed with substantial debut gains.