Mumbai: The BSE Sensex jumped 209.15 points to 83,906.44 in early trade on July 2, 2025, Wednesday. The NSE Nifty appreciated 55.30 points to 25,597.10. The benchmark indices Sensex rallied amid optimism around a possible trade agreement with the US. Buying was recorded in IT blue-chip stocks that helped the markets to to gain.
Foreign Institutional Investors (FIIs) sold equities worth Rs 1,970.14 crore on 1st July 2025Tuesday, according to exchange data.
Gainers from the Sensex pack: Tata Motors, Tata Steel, Sun Pharma, Infosys, Tech Mahindra, and Tata Consultancy Services. Laggards included, Bharat Electronics, Bajaj Finance, Bajaj Finserv, and Asian Paints.
“The market is expected to open on a positive note, supported by strong domestic cues such as a 14-month high in manufacturing PMI, a narrowing trade deficit, and optimism around a potential trade agreement with the US,” Vikas Jain, Head of Research at Reliance Securities, said in his pre-market views.
The government on Tuesday released the GST collection figures for the month of June. The Gross GST collection surged by 6.2 per cent to over Rs 1.84 lakh crore in June. India’s manufacturing sector growth increased to a 14-month high of 58.4 in June.
“After breaking the 24,500-25,000 range Nifty has moved to the new range of 25,200-25,800. Positive news about a possible trade deal between India and the US can help break the upper limit of the range but it would be difficult to sustain the Nifty at higher levels for long. A surprise element is the resilience of the US economy and corporate earnings, which in turn is imparting resilience to the US market, despite the tariffs,” VK Vijayakumar, Chief Investment Strategist, Geojit Investments, said.
Meanwhile, Shanghai’s SSE Composite, South Korea’s Kospi, and Japan’s Nikkei 225 traded lower while Hong Kong’s Hang Seng was in positive territory. The US stock markets settled on a mixed note on Tuesday.
On July 1, 2025, the Sensex jumped 90.83 points to finish at 83,697.29, while the 50-share Nifty gained 24.75 points to 25,541.80.
(Disclaimer: This article is only meant to provide information. News9 does not recommend buying or selling shares or subscriptions of any IPO, Mutual Funds and crypto assets.)