Nifty Extends Winning Streak To Three Days As Global Sentiment Improves

Indian benchmark indices concluded Friday, July 3, 2026, on a positive note, marking a third consecutive session of gains. The BSE Sensex climbed 261.79 points to close at 77,763.91, while the Nifty 50 rose 95.15 points to settle at 24,270.85. This rally added approximately Rs 0.44 lakh crore to investor wealth in a single day.

The positive sentiment was primarily fueled by softer-than-expected US labor market data, which alleviated investor fears regarding aggressive interest rate hikes by the Federal Reserve. Lower crude oil prices and favorable global cues further supported the bullish trend, allowing domestic indices to shrug off sectoral volatility and maintain upward momentum.

Analysts suggest the Nifty is well-positioned to target the 24,500 level, provided it sustains support at 24,200. A decisive breakout above the 24,250-24,300 range is expected to trigger further gains toward 24,600. Investors should monitor upcoming quarterly earnings from major IT and banking firms to gauge the sustainability of this rally by late July.