Indian markets are clawing back some of Wednesday’s steep losses this afternoon, with the Sensex near 76,500 and Nifty holding above 23,850, even as Bitcoin and gold both slip on a stronger dollar and lingering Middle East tensions. Here’s your 2 PM markets update.
📈 Afternoon Session: Market Snapshot
The BSE Sensex is trading around 76,503.60 and the NSE Nifty 50 near 23,882.05 in the afternoon session, staging a partial recovery after Wednesday’s sharp sell-off (roughly 2%, over 1,600 points on the Sensex) triggered by escalating US-Iran tensions and a spike in crude oil prices. Sentiment remains cautious rather than euphoric, with elevated crude — Brent near $78.6/barrel — continuing to stoke inflation worries for Indian corporates and consumers alike. Among individual movers, Aequs extended its rally for a third straight session, surging over 18% to a record high on bullish brokerage initiations citing its aerospace manufacturing order book, while Cupid rebounded nearly 6% after management raised its FY27 revenue guidance to ₹660 crore. On the downside, Dr Reddy’s Laboratories fell over 4% after a batch of semaglutide was flagged out of specification, and oil marketing companies HPCL, BPCL and IOCL remain under pressure ahead of Q1 results expected to show steep losses as high crude crushes fuel marketing margins. Official FII/DII flow figures for today’s session will be confirmed after market close.
₿ Crypto at 2 PM — Live Prices
Bitcoin is trading near $62,253 (about ₹59.5 lakh), down roughly 2% over the last 24 hours, while Ethereum has slipped to around $1,732.75 (about ₹1.66 lakh), down about 1.17%. The pullback follows renewed Middle East hostilities after President Trump said the Iran ceasefire was “over,” with the two sides trading fresh airstrikes overnight. The total global crypto market cap stands near $2.25 trillion. Elsewhere, crypto VC firm Paradigm launched a $1.2 billion AI-focused fund, Kraken is pursuing a European banking license, and the US SEC is reportedly readying a new crypto rule as soon as this month to ease fundraising for startups.
💰 Live Rates — 2 PM IST
| Asset | Price | Change |
|---|---|---|
| Nifty 50 | 23,882.05 | Recovering after Wed’s ~2% drop |
| Sensex | 76,503.60 | Recovering after Wed’s ~1,600-pt fall |
| Bitcoin (BTC) | ₹59.5L / $62,253 | -2.00% (24hr) |
| Ethereum (ETH) | ₹1.66L / $1,732.75 | -1.17% (24hr) |
| Gold (24K, 10g) | ₹1,43,270 (Delhi) | Down, below ₹1.45L nationally |
| Silver (1kg) | ~₹2.21L–2.45L (city-wise) | Down sharply |
| USD/INR | ₹95.54 | Range: 95.37–95.73 |
| Crude Oil (Brent) | $78.59 | +0.73% vs prev close |
📰 Top 5 Financial News Stories of the Day
- Oil Marketing Companies Brace for Q1 Losses — HPCL, BPCL and IOCL are set to dominate this earnings season for the wrong reasons, with all three expected to post steep losses as elevated crude prices squeeze fuel marketing margins. Investors should watch for commentary on whether the government steps in with price support.
- Dr Reddy’s Labs Slides on Quality Flag — Shares dropped more than 4% after a batch of its semaglutide product was found out of specification due to an active pharmaceutical ingredient issue, raising questions about the near-term ramp of its GLP-1 opportunity.
- Aequs Hits Record High on Aerospace Optimism — The stock surged over 18% for a third consecutive session after IIFL Capital and Nuvama initiated bullish coverage, citing its aerospace manufacturing capabilities and robust order book.
- Cupid Rebounds on Upgraded Guidance — Shares climbed nearly 6% after the company raised its FY27 revenue guidance to ₹660 crore, pointing to strong Q1 momentum and expanding opportunities across healthcare and wellness.
- Oil Prices Surge as US-Iran Tensions Escalate — Brent and WTI both moved higher after the US targeted Iranian positions and President Trump declared the ceasefire “over.” Elevated crude is the common thread pressuring Indian equities, the rupee and inflation expectations all at once.
🌐 Global Markets & Tomorrow’s Outlook
Minutes from the US Federal Reserve’s latest meeting flagged ongoing inflation concerns, adding to pressure on risk assets globally alongside the flare-up in US-Iran hostilities. With crude oil holding above $78/barrel and the rupee hovering near 95.5 to the dollar, Indian investors should watch overnight developments around the Strait of Hormuz and any fresh Fed commentary for cues on tomorrow’s open. A further oil price spike or a widening conflict could pressure Nifty and Sensex again at the open, while any de-escalation signal could extend today’s relief rally.
Data sourced from live market feeds. Last updated: 2:00 PM IST, 9 July 2026. This is for informational purposes only and not investment advice.
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