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[Sensex Today] Share Market LIVE Updates: Sensex closes 261 points higher, Nifty settles at 24,270 as DIIs support indices; HCL Tech, Bharti Airtel top gainers

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Share Marke LIVE Updates: As hopes of progress in the US-Iran peace talks boosted global sentiment, Indian equity markets extended their gains for a second straight session on Friday. The Sensex climbed over 650 points in early trade to hover around 77,937, while the Nifty surged nearly 199.95 points to trade at 24,375.65 mark. Positive global cues, easing crude oil prices and strong buying in IT stocks supported the rally. However, investors remained cautious amid the weakening rupee and lingering concerns that the US Federal Reserve may keep interest rates higher for longer.

Why Share Market is Rising Today

Volatility lowers, sentiments improve

Investor confidence has strengthened after the India VIX, also known as the fear index, fell more than 7% to a multi-month low of 12.29. A lower VIX generally signals reduced market uncertainty and creates a supportive environment for a steady upward move in equities.

IT stocks continue to drive rally

The IT sector is expected to remain in focus after a strong rally in the previous session. Weaker-than-expected US services data pushed the US dollar lower and lifted Nasdaq futures, boosting sentiment for export-oriented Indian IT companies. Stocks such as TCS and Infosys gained around 4–5%, and the positive momentum may continue during today’s opening trade.

Lower crude oil prices offer relief

Brent crude is trading around the USD 70–71 per barrel range as progress in US-Iran diplomatic talks eased concerns over global oil supplies. Softer crude prices are positive for India as they help reduce import costs, support the rupee, and ease inflationary pressure.

FMCG and auto sectors to remain in focus

The FMCG sector achieved a major milestone by closing above the 50,000 mark for the first time, reflecting strong investor interest in defensive stocks. Auto stocks also remained upbeat, with companies like Tata Motors attracting healthy buying amid improving market sentiment.

Banking stocks provide stability

While banking stocks underperformed the broader market in the previous session, they continued to provide stability. Nifty Bank traded within a narrow range, with heavyweight lenders such as ICICI Bank maintaining strength after closing above the ₹1,400 mark for the first time, helping keep overall market sentiment positive.

First published on: Jul 03, 2026 09:21 AM IST



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