Indian markets head into Thursday’s session on a cautious note, with Gift Nifty signalling a flat-to-negative start after Wall Street’s tech-led pullback overnight and lingering US-Iran tensions. Here’s everything you need to know about markets this morning.
📈 Indian Stock Market Today
The Nifty 50 closed Wednesday’s session at 24,056.00, up a modest 0.59% for the day, while the BSE Sensex advanced 291.17 points (+0.38%) to settle at 77,094.07. Gift Nifty is trading slightly in the red this morning, suggesting domestic indices could open in a narrow, cautious range. Auto stocks are in focus after strong June sales numbers — Tata Motors’ PV sales jumped 69% and Maruti Suzuki rose 19% year-on-year. Persistent FII selling continues to cap upside, but robust DII inflows are cushioning the downside, keeping intraday volatility elevated. Banking and cyclical names could see support from firm US and European closes earlier in the week.
₿ Crypto Market Update
Bitcoin is trading near ₹59.05 lakh (around $60,000-$62,000) on Indian exchanges, up close to 1.9% in the last 24 hours, tracking a mild recovery in global risk sentiment. Ethereum is changing hands around ₹1,53,330 (roughly $1,600-$1,620), with 24-hour trading volumes north of $12 billion globally. Prices continue to vary meaningfully across exchanges, so traders should always confirm live quotes before executing. No major India-specific crypto regulatory news has broken overnight.
💰 Today’s Key Rates at a Glance
| Asset | Price | Change |
|---|---|---|
| Nifty 50 | 24,056.00 | +0.59% (prev. session) |
| Sensex | 77,094.07 | +0.38% (prev. session) |
| Bitcoin (BTC) | ₹59.05L / ~$60,113 | +1.89% (24hr) |
| Ethereum (ETH) | ₹1,53,330 / ~$1,620 | Range-bound (24hr) |
| Gold (10g, 24K) | ₹1,40,780 | Flat-to-firm |
| Silver (1kg) | ₹2,40,000 | Flat-to-firm |
| USD/INR | ₹95.07 | Rupee opened near 94.67 |
| Crude Oil (Brent) | $71.93/bbl | -1.4% (prev. close $72.95) |
📰 Top 5 Financial News Stories This Morning
- Wall Street slips as US-Iran tensions resurface. The Dow, S&P 500 and Nasdaq all closed lower on Wednesday as renewed geopolitical friction weighed on sentiment, with tech stocks giving back part of their two-day relief rally. This sets a cautious tone for Asian and Indian markets at the open.
- Tata Motors and Maruti Suzuki post strong June sales. Tata Motors’ passenger vehicle sales jumped 69% year-on-year while Maruti Suzuki rose 19%, as automakers released monthly dispatch data. Auto counters could see buying interest today on the back of these numbers.
- FIIs sell, DIIs buy — a tug of war continues. Foreign institutional investors were net sellers of ₹1,140.5 crore in the cash segment on Wednesday, while domestic institutional investors bought a net ₹3,159.2 crore, cushioning the market from steeper losses. FIIs were also seen adding protective put positions, suggesting hedging rather than outright panic.
- TMC Transformers files for ₹550 crore IPO. The company plans to use the bulk of the proceeds to fund a new Extra High Voltage transformer manufacturing facility in Gujarat, tapping into India’s ongoing power infrastructure capex cycle.
- Brent crude eases below $72 as Strait of Hormuz concerns cool. Oil prices slipped after progress on reopening the Strait of Hormuz eased fears of a supply disruption. Since India imports over 85% of its crude needs, softer oil is a modest positive for the rupee and inflation outlook.
🔍 What to Watch Today
Track Gift Nifty cues at the pre-open and the first hour of trade for direction, given the narrow, indecisive setup. Keep an eye on further monthly auto and FMCG sales commentary trickling in through the day. Global cues remain fluid — any escalation or de-escalation in US-Iran tensions could move crude and risk sentiment sharply during Indian trading hours, so Brent and the rupee are worth watching closely.
Data sourced from live market feeds. Last updated: 8:00 AM IST, 2 July 2026. This is for informational purposes only and not investment advice.
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