Mumbai, July 2: The Indian stock market closed in the green for the second consecutive day, buoyed by positive signals from trade talks between the United States and Iran, which led to a decline in oil prices. Both the Sensex and Nifty50 recorded gains of over 0.70 percent during Thursday’s session.
At the close, the 30-share Sensex rose by 0.75 percent, or 579.48 points, reaching 77,502.12. Meanwhile, the Nifty50 increased by 0.71 percent, or 169.85 points, to finish at 24,175.70.
During the trading session, the BSE Sensex opened at 77,083.14, up 0.20 percent from its previous close of 76,922.64. It reached an intraday high of 77,578.93, marking a rise of 656.28 points, or 0.85 percent.
The NSE Nifty opened at 24,062.20, a 0.23 percent increase from its previous close of 24,005.85, and hit a daily high of 24,194.55, reflecting a rise of 0.78 percent.
In broader markets, the Nifty Midcap and Nifty Smallcap indices closed up by 0.48 percent and 1.25 percent, respectively.
Sector-wise, the Nifty IT index outperformed with a significant gain of 4.64 percent, marking the highest intraday increase since May 2025. Other sectors, including Nifty Auto, Nifty Consumer Durables, and Nifty Realty, also saw gains of over 1 percent. Conversely, sectors such as Capital Goods, Power, Telecom, and PSU Banks recorded declines between 0.4 and 0.7 percent.
Top gainers in the Nifty 50 index included Infosys, Tech Mahindra, HCL Technologies, TCS, Bajaj Finserv, and Wipro. On the other hand, stocks that faced losses included Max Healthcare, L&T, Axis Bank, Nestlé India, Kotak Bank, Reliance, and Maruti Suzuki.
It is noteworthy that the rise in the stock market followed reports of indirect talks between the U.S. and Iran in Doha, Qatar, which led to further declines in crude oil prices. The discussions focused on the Strait of Hormuz, but there was no significant progress towards a lasting peace agreement in the region.
Meanwhile, the Indian rupee fell by 24 paise, closing at 95.40 per dollar.
Overall, due to widespread buying, the total market capitalization of BSE-listed companies increased from ₹476.50 lakh crore to approximately ₹479.75 lakh crore, adding nearly ₹3.25 lakh crore to investors’ wealth in just one day.
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