Sensex and Nifty News: Market Ends Flat; BEL, Reliance Outperform Amid Trade Tensions

Market Performance

On Tuesday, July 1, the Indian stock market remained essentially flat amid cautious sentiment triggered by global uncertainties and domestic trade concerns.

• Sensex gained 91 points or 0.11% to close at 83,697.29
• Nifty 50 rose by 25 points or 0.10%, ending at 25,541.80

Despite the marginal gains, mid and smallcap indices showed weakness:

• BSE Midcap Index slipped by 0.07%
• BSE Smallcap Index declined 0.18%

Main News

Top Contributing Stocks

Gains in select heavyweights cushioned the market:

• Bharat Electronics Ltd (BEL): +2.70%
• Reliance Industries: + 1.75%
• HDFC Bank also contributed positively

However, these gains were offset by declines in:

• ICICI Bank
• Axis Bank
• Tata Consultancy Services (TCS)

Investor Sentiment

• Uncertainty around India-US trade negotiations kept market participants cautious.
• Reports indicate talks are at a sensitive stage, with fears of a 26% tariff imposition if no resolution is reached.
• Weak global cues and focus on a US tax bill vote further influenced sentiment.

Company Details

Top Gainers in Nifty 50

Top Losers in Nifty 50

Out of 50 stocks on the Nifty index, 26 closed in the red, indicating broad-based profit-taking.

Sectoral Performance

The stock market showed mixed sectoral trends:

• Nifty Bank: + 0.26%
• PSU Bank Index: + 0.71%
• Private Bank Index: + 0.12%
• Nifty Media: - 1.31% (Top loser among sectors)
• Nifty FMCG: - 0.69%
• Nifty IT: - 0.30%

PSU Banks extended gains after the Finance Ministry's direction for stake monetisation via IPOs and strategic sales.

Volume Action: Most Active Stocks

The most actively traded stocks on NSE by volume were:

• Vodafone Idea: 66.81 Crore shares
• RattanIndia Power: 23.27 Crore shares
• Filatex Fashions: 20.65 Crore shares

52-Week Highs and Lows

• 168 stocks hit their 52-week highs, including:
  • BEL
  • Apollo Hospitals
  • Indigo (InterGlobe Aviation)
  • Divis Laboratories
  • AU Small Finance Bank
  • Max Healthcare
• 46 stocks touched 52-week lows, including:
  • Salasar Techno Engineering
  • ArisInfra Solutions
  • Raw Edge Industrial Solutions

Circuit Breakers

• Upper Circuit: 119 stocks, including:
  • Indef Manufacturing
  • Dolphin Offshore Enterprises
  • Gabriel India
  • Iris Business Services
  • Zodiac Energy
• Lower Circuit: 43 stocks, such as:
  • Mayasheel Ventures
  • Eppeltone Engineers
  • Nirman Agri Genetics

Advancers vs Decliners

The market breadth slightly favored the advancing stocks:

• Total stocks traded on BSE: 4,164
  • Advancing: 2,021
  • Declining: 1,989
  • Unchanged: 154

Notable Movers

• 9 stocks surged more than 10%, including:
  • Gabriel India
  • Tamilnadu Telecommunication
  • Zota Health Care
  • Century Extrusions
  • Dangee Dums

Broader Market Trends

• The Nifty Midcap 100 and Nifty Smallcap 100 indices saw mild intraday corrections.
• Over the last seven trading sessions, these indices added:
  • Midcap market cap: ₹2.45 lakh Crore
  • Smallcap market cap: ₹3.41 lakh Crore

This recent pullback is seen as a pause after a sharp rally across the broader market.

Summary of the Article

On July 1, the Sensex and Nifty indices ended slightly higher, supported by selective gains in BEL, Reliance, and HDFC Bank. However, broader market participation remained muted, with midcap and smallcap segments underperforming.

While PSU banks extended their winning streak, the media, FMCG, and IT sectors faced pressure. A large number of stocks hit fresh 52-week highs, but sentiment remained cautious due to uncertainties surrounding the India-US trade and global headwinds.

With over 2,000 stocks advancing and more than 170 hitting new highs, the session ended on a neutral-to-positive note.