Stock Market Today: Sensex Rises 146 Points, Nifty Ends at 25,550

Sensex rises 146 pts to 83,753, Nifty hits 25,550! Apollo Hospitals, Reliance & Tata Motors lead gains 

The Indian stock market began the second half of the calendar year 2025 with a positive tone. On Tuesday, July 1, benchmark indices showed modest gains, led by a strong performance in select large-cap stocks. 

The BSE Sensex climbed by 146 points, or 0.17%, to settle at 83,753. The Nifty50 also advanced by 33 points, or 0.13%, to finish the day at 25,550. While the overall gains were moderate, several heavyweight stocks posted strong upward movements, pushing the indices higher. 

Top Gainers on Nifty50 

Leading the gains on the 50-stock Nifty index were Apollo Hospitals, Asian Paints, Bharat Electronics (BEL), Mahindra & Mahindra (M&M), Reliance Industries, Jio Financial Services, Bharti Airtel, Tata Motors, SBI Life Insurance, and IndusInd Bank. These stocks rose between 2% and 4% during the day’s session. 

Apollo Hospitals gained nearly 4% after the company announced a strategic business update related to its digital health and pharmacy segments. Asian Paints and Bharat Electronics also saw healthy demand from investors, with strong buying in the FMCG and defence manufacturing sectors. 

Reliance Industries and Jio Financial Services recorded gains on the back of stable oil prices and continued interest in the financial services growth potential. Bharti Airtel rose following positive developments in telecom subscriber data, while Tata Motors gained ground due to optimism around its electric vehicle (EV) plans. SBI Life and IndusInd Bank benefited from investor confidence in the insurance and banking space. 

Broader Market Performance 

Despite the rise in benchmark indices, the broader markets struggled to maintain momentum. The Nifty MidCap index ended down by 0.16%, while the Nifty SmallCap index dipped by 0.11%. These declines were attributed to profit booking and cautious sentiment among investors in smaller companies. 

The weakness in the broader market suggested selective buying in large caps, while traders appeared more hesitant in mid and small-cap segments. Volatility in certain sectors added to the selling pressure outside of the main indices. 

Sectoral Performance Mixed 

Most sectoral indices closed in the red, showing a mixed mood across different industries. The biggest drag came from public sector banks, with the Nifty PSU Bank index falling by 0.74%. This was followed by the Nifty Media index, which slipped 0.96%, and the Nifty Metal index, which declined by 0.5%. 

Public sector banks faced selling pressure despite a supportive interest rate environment, likely due to concerns over rising bond yields and limited credit growth momentum. The metal sector's fall was linked to weaker global commodity prices and softer demand from China. Media stocks saw declines amid muted advertising growth outlooks and continued margin concerns. 

On the other hand, sectors like healthcare, automobiles, and telecom showed resilience. Positive movement in Apollo Hospitals helped lift the healthcare index, while gains in M&M and Tata Motors supported the auto sector. The telecom index was boosted by Bharti Airtel's gains. 

Technical Outlook 

From a technical point of view, the Nifty50 continues to trade within a narrow range. Support for the index is expected near 25,400, while resistance remains around 25,700. A break above this resistance zone could trigger the next leg of the rally, while a fall below support may lead to a minor correction. 

Market analysts observed that the index remains in a consolidation phase after a strong performance in the first half of the year. The sideways trend indicates that the market is waiting for fresh cues, possibly from earnings announcements or economic data. 

The Bank Nifty index traded lower in the morning but recovered slightly later in the session. Support is seen near the 56,800–57,000 range. Sustained buying in private banks like IndusInd helped offset weakness in PSU banks. 

IPO Activity and Broader Market News 

The primary market remains active as ten IPOs are scheduled this week, including both mainboard and SME listings. Investor interest in small and mid-size company IPOs continues, with several newly listed firms seeing strong demand on debut. 

In broader economic news, India’s manufacturing sector reported a solid performance in June. The Manufacturing PMI rose to a 14-month high, showing that factory activity remains strong. This is a positive sign for sectors like capital goods, industrials, and auto parts, which are closely linked to manufacturing growth. 

Foreign institutional investors (FIIs) and domestic mutual funds continue to show strong participation in Indian equities. Recent data shows consistent net buying by both categories, suggesting confidence in India's macroeconomic outlook. 

Global Market Influence 

Global cues remained supportive. Asian markets were mixed, while U.S. futures indicated a mildly positive opening. Oil prices were steady, and there were no major geopolitical developments to disturb market sentiment. The continued strength in global equity markets provided a backdrop of stability for Indian investors. 

Trade discussions between India and the U.S. are being closely watched, especially with upcoming deadlines on certain tariff reviews. A positive outcome could benefit sectors like IT, pharmaceuticals, and chemicals. 

Investor Sentiment 

Overall investor sentiment on July 1 remained positive for large-cap stocks but cautious in the mid and small-cap space. Market participants appeared selective, preferring strong balance sheet companies and those with a reliable earnings history. 

With the earnings season around the corner, investors may now turn their attention to quarterly results. Sectors such as banking, IT, auto, and FMCG are expected to set the tone for the next phase of market movement. 

Outlook Ahead 

Looking ahead, the stock market may remain range-bound in the short term as it awaits fresh triggers. These could include: 

Q1 corporate earnings 

Updates on monsoon progress 

Macroeconomic indicators like inflation and IIP 

Global central bank policy developments 

Investors are expected to keep a close watch on sector-specific movements, especially in banking, auto, and pharma. With the foundation set for the second half of the year, market direction will depend on the balance between global risks and domestic growth drivers.