Nifty50 and Sensex Prepare for Gap Up Following Global Cues

Indian equity benchmarks are poised for a positive start to trading on Thursday, July 2, 2026, as GIFT NIFTY futures indicate a gap-up opening. Futures rose approximately 97 points to reach 24,190, signaling investor optimism despite cautious sentiment in several Asian markets. This potential gain follows a strong performance on Wednesday, where the NIFTY50 rose by 140 points to settle at 24,005 and the SENSEX climbed 444 points to finish at 76,922, ending a two-day losing streak.

The market recovery is fueled by robust gains in FMCG, auto, and realty stocks, bolstered by cooling crude oil prices. Brent crude futures fell to $70 per barrel as negotiations between the United States and Iran in Doha showed positive progress. While domestic institutional investors (DIIs) net-purchased stocks worth ₹3,159.24 crore on Wednesday, foreign institutional investors (FIIs) remained net sellers, offloading shares worth ₹1,140.50 crore. Globally, however, tech shares remain under pressure as concerns over AI infrastructure spending persist, dragging down markets in South Korea, Japan, and China.

Several significant corporate updates are shaping sector sentiment. NBCC has entered a ₹105 crore deal to construct a new Andhra Pradesh Bhawan in New Delhi, while Tata Group's IHCL is embarking on an expansion phase with an expected capex spend of up to ₹7,500 crore over five years. Additionally, the defence sector continues to attract brokerage interest, with analysts highlighting deep-tech and export capabilities as primary growth drivers. Investors are also closely monitoring the upcoming EGM for Adani Energy on July 25 and fresh capex initiatives by firms like Munjal’s GPC 2.0 expansion in Tirupati.