Indian Stock Market Today: Sensex Rises 262 Points, Nifty Posts Third Consecutive Gain as Global Cues Boost Sentiment

Market Overview

Indian equity benchmarks rallied for the third straight session on Friday, July 3, 2026, with the Sensex climbing 262 points to close at 77,763.91 and the Nifty settling above 24,270 at 24,270.85. Broad-based buying across realty, IT, pharma, and metal stocks drove the market higher, while PSU banks and energy shares lagged. Positive global cues, easing crude oil prices, and a stronger rupee supported investor sentiment.

Key Indices and Currency

The Sensex gained 262 points (0.34%) while the Nifty advanced 109 points (0.45%). The Indian rupee strengthened 17 paise to close at 95.22 against the US dollar, reflecting improved market conditions.

Sectoral Performance

Realty, IT, and pharma stocks led the gains, each rising around 1.5%. Metal stocks also shone. In contrast, the Nifty PSU Bank index fell 0.7%, dragged by Union Bank of India (down 6%) and other lenders. The Nifty Energy index declined for a second straight session, with Hitachi Energy and CG Power under pressure.

Stock Highlights

• Nestlé India declared a special dividend of Rs. 2 per share; stock up 0.68%.
• Aurobindo Pharma hit a fresh 52-week high, surging 4.5%.
• PB Fintech plunged over 5% on a block deal involving Temasek Holdings.
• BLS E-Services acquired Atyati Technologies for Rs. 157 crore; stock hit a record high.
• Bluspring Enterprises gained 7% after winning a Rs. 1,437 crore contract.
• DMart (Avenue Supermarts) fell 4% on weak Q1 business update.
• Hitachi Energy extended losses for a fourth session, down nearly 7%.
• Tata Motors slipped 0.77% after JLR reported Q1 sales decline.

IPO and Corporate News

Kusumgar fixed IPO price band at Rs. 398–419 per share. Knack Packaging IPO saw massive demand, subscribed 67.72 times. Deepak Builders secured a Rs. 548.70 crore order. Adani Enterprises and IRH announced a joint $11.5 billion aluminium project in Odisha.

Brokerage Views

Geojit Investments recommended a buy-on-dips strategy. Nomura retained ‘Buy’ on Marico with a target of Rs. 950. LKP Securities advised buying Bank Nifty on dips with support at 57,200. HSBC raised Marico target to Rs. 1,000.

Outlook

Market participants will watch Q1FY27 earnings, monsoon progress, and trade developments. Analysts expect the rally to continue if global cues remain favorable and oil prices stay low.