Indian equity benchmarks were set for a gap-up open on Friday, July 3, after GIFT NIFTY futures at GIFT City, Gandhinagar, jumped 145 points (0.6%) to 24,410, buoyed by positive Asian market cues. The strong futures print pointed to continuation of a rally that lifted sentiment in domestic markets ahead of the trading session.
The domestic rally extended into Thursday as benchmark indices rose for a second straight day, driven by value buying in information technology names following a recent sell-off. The SENSEX climbed as much as 656 points and ended 579 points higher at 77,502, while the NIFTY50 hit an intraday high of 24,195 and closed up 170 points at 24,176. Sector gains were led by Infosys, Tata Consultancy Services, ICICI Bank, HCL Technologies, Tech Mahindra and Mahindra & Mahindra.
Investor confidence was further supported by a drop in crude prices for a second session, after progress in talks between the United States and Iran eased fears of supply disruptions from the Middle East. Asian markets traded higher after softer-than-expected U.S. jobs data lowered expectations of an imminent Fed rate hike: Japan’s Nikkei rose 0.6%, China’s Shanghai Composite advanced 0.59%, Hong Kong’s Hang Seng gained 1.24% and South Korea’s KOSPI jumped 2.88%.
On Wall Street, most indices ended lower as a sell-off in AI-related stocks continued; the Dow Jones, however, rose 1.14% to a record close of 52,900, the S&P 500 was flat and the Nasdaq slipped 0.8%.
Foreign institutional investors (FIIs) were net sellers on Thursday, offloading shares worth ₹312 crore, while domestic institutional investors (DIIs) bought ₹1,784.40 crore, according to NSE data. Year-to-date FII selling stands at ₹2,75,913 crore, NSDL data showed.
Stocks to watch include Paytm, whose wholly owned unit Paytm Europe has been granted a payment institution licence by Luxembourg regulator CSSF, effective July 2, 2026, allowing it to execute various payment services and acquire transactions. State-owned Bharat Petroleum (BPCL) acquired Videocon’s remaining stake in Brazilian JV IBV Brasil Petroleo Limitada for ₹2,312 crore, taking full ownership to strengthen its overseas upstream portfolio. Jammu & Kashmir Bank signed corporate agency pacts with HDFC Life and SBI Life to distribute their insurance products through its branches, effective July 2.
Ramco Systems named Sandesh Bilagi as CEO, promoting him from president and COO. “In his new role, he will drive Ramco’s global growth agenda and accelerate its strategy to become an AI-native enterprise software company,” the Chennai-based firm said in an exchange filing. Coal India reported coal supplies to the power sector rose 5.9% to 51.44 million tonnes in June 2026, and overall coal dispatches in June reached 65.8 MT, up 7.5% year-on-year. Adani Enterprises and International Resources Holding signed an MoU with the Odisha government for a greenfield aluminium project with an expected investment of about ₹1.08 lakh crore (USD 11.5 billion). Punjab National Bank reported 13% loan growth in Q1 FY27 to ₹12.75 lakh crore, while Avenue Supermarts’ standalone Q1 FY27 revenue rose 15.13% to ₹18,343.49 crore; D-Mart operated 503 stores as of June 30, 2026.
Original Source: https://upstox.com/news/market-news/stocks/nifty-50-sensex-today-wall-street-cues-fii-activity-key-things-to-know-before-markets-open-on-july-3/article-196321/
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Publish Date: 2026-07-03 08:32:00
