Indian benchmark indices gapped up on Friday, July 3, with the Sensex jumping over 390 points and the Nifty reclaiming the 24,300 mark as crude oil prices slipped on hopes of a breakthrough in US-Iran talks. Here’s everything you need to know about markets this morning.
📈 Indian Stock Market Today
The Sensex rose 393 points to 77,896 and the Nifty 50 gained 150 points to 24,325 in early deals, extending Thursday’s rally when the Sensex closed 0.75% higher at 77,502.12 and the Nifty settled 0.71% up at 24,175.70. IT majors led the charge — HCL Tech, Tech Mahindra, TCS and Infosys were among the top gainers, rising as much as 4% on the back of easing crude prices and reassuring inflation commentary from US Fed Chair Kevin Warsh. On the institutional front, FIIs were net sellers of ₹311.80 crore in the cash segment while DIIs stepped in as net buyers of ₹1,784.40 crore, continuing a pattern of domestic demand absorbing foreign outflows.
₿ Crypto Market Update
Bitcoin is trading around ₹58.4 lakh (~$61,716), up roughly 2.4% over the last 24 hours, while Ethereum has climbed to about ₹1,65,638 (~$1,700), up over 3% on the day. Crypto markets are tracking broader risk sentiment as investors weigh cooling US inflation data against a soft June jobs report showing just 57,000 jobs added, a sign the world’s largest economy is losing momentum.
💰 Today’s Key Rates at a Glance
| Asset | Price | Change |
|---|---|---|
| Nifty 50 | 24,325 | +0.62% |
| Sensex | 77,896 | +0.51% |
| Bitcoin (BTC) | ₹58.4L / $61,716 | +2.4% (24h) |
| Ethereum (ETH) | ₹1,65,638 / $1,700 | +3.4% (24h) |
| Gold (10g, 24K) | ₹1,44,810 | +1.30% |
| Silver (10g) | ₹2,451 | Up on short covering |
| USD/INR | ₹95.33 | +0.09% |
| Crude Oil (Brent) | $71.30 | Volatile amid Iran tensions |
📰 Top 5 Financial News Stories This Morning
- Nifty, Sensex gap up as oil slides on US-Iran talk optimism — Crude briefly dipped below $70 a barrel as reports pointed to “positive progress” in indirect US-Iran talks in Doha, easing inflation worries and lifting rate-sensitive and IT stocks in India.
- June GST collections jump 14% YoY to ₹1.95 lakh crore — The strong GST mop-up gives the central government fiscal comfort heading into the new quarter and signals resilient domestic consumption despite global uncertainty.
- Nayara Energy cuts fuel prices across 7,000+ stations — Petrol was cut by ₹5/litre and diesel by ₹3/litre from July 1, a move that could ease transport and logistics costs for consumers and businesses alike.
- Passenger vehicle sales up 24.6% YoY in June — Nearly 400,000 units were sold last month, pointing to robust consumer demand and a healthy auto sector heading into the festive season planning cycle.
- US adds just 57,000 jobs in June, wage growth stays soft — The weaker-than-expected US jobs report raises questions about the pace of Fed policy easing and could influence FII flows into emerging markets like India in the sessions ahead.
🔍 What to Watch Today
Markets will track the funeral proceedings for Iran’s former Supreme Leader in the Gulf and any fresh escalation around the Strait of Hormuz, which could quickly reverse the recent drop in crude prices. Investors should also watch for follow-through in IT and auto stocks after Thursday’s strong session, along with incremental FII/DII flow data later today. On the global front, cues from Wall Street’s reaction to the US jobs report will set the tone for Monday’s opening after the long weekend.
Data sourced from live market feeds. Last updated: 8:00 AM IST, 3 July 2026. This is for informational purposes only and not investment advice.
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