Nifty 50 is holding above the 24,000 mark in the mid-session, tracking a firm GIFT Nifty that touched 24,201 in early trade, as auto and FMCG stocks power a broad rebound while IT majors bleed on an overnight Wall Street semiconductor rout. Here’s your midday markets snapshot.
📊 Mid-Session Market Action
The Sensex is trading at 77,083, up 0.21%, while the Nifty 50 is holding near 24,130 after reclaiming the psychologically important 24,000 level in the previous session. Auto stocks are the standout performers on strong June sales data — Maruti Suzuki has surged as much as 5.24% and Mahindra & Mahindra is up close to 2%. Solar Industries (+5.05%), Titan Company (+2.96%) and Bajaj Finance (+2.94%) are also among the day’s leaders, alongside Eternal, Asian Paints, Hindustan Unilever, Adani Ports and SBI. On the flip side, IT stocks are under heavy pressure after a 6.3% semiconductor-led selloff on Wall Street overnight: HCL Tech (-3.5%), Tech Mahindra (-3.1%), TCS (-2.6%) and Infosys (down as much as 3.5%) are dragging the index lower, with Eicher Motors (-4.75%) and Tata Consumer Products (-3.34%) also in the red. Domestic mutual funds continue to absorb mild FII selling pressure, keeping large-caps well supported.
₿ Crypto Pulse — 11 AM Update
Bitcoin has climbed back above the $60,000 mark for the first time in over a week, trading near ₹57,65,008 (about $60,692), up roughly 2.4-2.75% in the last 24 hours after Fed Chair Kevin Warsh signalled that inflation risks have eased. Ethereum is trading around ₹1,54,930, up about 2.1%. Solana has been the standout major this week, up nearly 16%. On the news front, Europe’s MiCA crypto rulebook is now fully in effect, FBI Director Kash Patel’s undisclosed MSTR stake purchase is drawing scrutiny, and Goliath Ventures’ CEO has pleaded guilty in a $400 million crypto Ponzi case.
💰 Live Rates — 11 AM IST
| Asset | Price | Change |
|---|---|---|
| Nifty 50 | ~24,130 | +0.5% (approx.) |
| Sensex | 77,083 | +0.21% |
| Bitcoin (BTC) | ₹57,65,008 / $60,692 | +2.4% to +2.75% |
| Ethereum (ETH) | ₹1,54,930 / ~$1,624 | +2.10% |
| Gold (10g, 24K) | ₹1,40,770 | -0.9% (down ₹1,280) |
| Silver (1kg) | ₹2,40,000 | Flat to mildly lower |
| USD/INR | ₹95.24 | +0.62% |
| Crude Oil (Brent) | $70.88 | Near 4-month low |
📰 Top 5 Stories Making Markets Move Today
- Brent crude crashes to a four-month low near $71 — Prices slid to $70.88 a barrel after US and Iranian officials held indirect talks in Qatar over safe cargo passage, easing supply-disruption fears. Cheaper crude is a tailwind for India’s import bill and the rupee, and is helping cushion broader sentiment even as global equities wobble.
- Fed Chair Kevin Warsh flags cooling inflation risks — Warsh’s comments on easing price pressures lifted risk assets globally overnight, helping Bitcoin reclaim the $60,000 level and adding a supportive backdrop for Indian equities into the midday session.
- Wall Street semiconductor selloff drags Indian IT stocks — A 6.3% overnight rout in global chip stocks on growth-data worries has spilled into Indian IT counters, with HCL Tech, TCS, Tech Mahindra and Infosys all sharply lower, offsetting gains elsewhere in the market.
- Auto stocks rally on strong June sales — Maruti Suzuki and Mahindra & Mahindra posted solid June dispatch numbers, sending auto stocks sharply higher and helping the Nifty hold its reclaimed 24,000 level despite the IT-sector drag.
- Crypto regulation and governance headlines multiply — The EU’s MiCA framework is now fully in force, tightening the rulebook for exchanges and issuers, even as separate reports surface on a $400 million crypto Ponzi guilty plea and undisclosed crypto-linked stock purchases by a senior US official.
🎯 Afternoon Watch List
Keep an eye on Nifty’s 24,200 resistance zone (in line with today’s GIFT Nifty high) — a decisive break could open the path toward fresh multi-week highs, while 24,000 remains the key support to watch on any afternoon profit-booking. IT stocks will stay in focus as traders assess whether the Wall Street semiconductor selloff extends into a second session. On the crypto side, Bitcoin’s ability to hold above $60,000 and push toward the $61,000-62,000 zone will be the key technical level for the rest of the day, while further downside in Brent crude could add support to the rupee and broader risk sentiment.
Data sourced from live market feeds. Last updated: 11:15 AM IST, 2 July 2026. This is for informational purposes only and not investment advice.
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