Indian share market today, Wednesday, July 02, 2025, opened on a bullish note as Indian benchmark equity indices, Nifty 50 and BSE Sensex, signaled a highly positive opening amid mixed global cues. In the early trades, Nifty was fluctuating around the 25,600 level as Sensex opened above 200 points in the early minutes which showcases a careful yet positive mindset of investors.
Just before the opening bell, India’s Nifty 50 index was up by about 52 points, or 0.20 percent, to 25,593.9, and the BSE 30-share Sensex climbed up 166.42 points, or 0.2 percent, to 83,863. That last one could have been the sentiment of the broader market, which seemed to be moved by a combination of the last full session’s bullish performance, the big-boys-on-the-block vibe of institutions joining the action, and the signals coming from the overall global market.
Market Snapshot
Opened at ~25,588.3, trading now at ~25,535.85 (9:50 AM IST). It finished at 25,541.80 on Tuesday.BSE Sensex: Opened at 83,790.72—now trading just below that mark, at about 83,639.7 (9:50 AM IST). It wasn’t the only major index to fall. The Dow closed at 83,697.29 on Tuesday and the S&P 500 was down. Bank Nifty index future: BSE Sensex marked a new all-time high in early trade, powered by advancements in heavyweights including ICICI Bank, Kotak Mahindra Bank, and Axis Bank.
Key Drivers and Expert Commentary
Market professionals are calling in a mostly positive direction for today, noting the underlying strength and the possibility for sectoral rotation. Osho Krishan, Sr. Analyst – Technical & Derivative Research at Angel One Ltd, noted that the market remains sanguine with evident sectoral rotation, recommending a stock-centric approach for investors to capitalize on opportunities.
Dr. Praveen Dwarakanath, Vice-President, Hedged. shared that Nifty is currently hovering around the upper Bollinger band which is a signal of strength, with short-term support at 25,200 and resistance at 25,900. He added that shorter-term momentum indicators are turning up, pointing to an additional advance.
Some caution was warranted. VK Vijayakumar, Chief Investment Strategist at Geojit Investments Limited, noted that even if a highly positive trade agreement between India and the US allows Nifty to breach its upper range resistance of 25,800, sustaining at those higher levels will be difficult. He further noted that there is still insufficient evidence of a broad-based recovery in corporate earnings, and the recently released GST collections data for June pointed to weak growth.
Among the previous trading session’s gainers were the telecommunication, energy, consumer durables, and metal sectors, while decliners included the FMCG, power, utilities, and IT sectors. If past years are an indication, early trends for today should continue to demonstrate this rotational activity.
Foreign institutional investors (FIIs) continued with their net selling on Tuesday, selling equities worth ₹1,970.1 crore. Domestic Institutional Investors (DIIs) came to the market’s rescue, net buying shares worth ₹725.60 crore on July 1. This homegrown absorption of the pressure to sell has protected the downside in an important way over the near term.
Global markets had a positive to a sideways trend today. US markets closed mixed overnight, with the Dow Jones Industrial Average gaining, while the S&P 500 and Nasdaq Composite edged lower. In Asian trading this morning, almost everything was down. Japan’s Nikkei got crushed, South Korea’s Kospi was falling, and most world stocks were hit. Nevertheless, Hong Kong and Australian stocks eked out small advances. US trade deals under development, especially with the prospect of a tariff deadline of July 9, are being watched closely by investors.
Additional Market Movers:
Flaring in the Permian taken from this Bloomberg Crude Oil Brent crude, the global oil benchmark, wrapped up Tuesday at $67.11 per barrel, up slightly.Indian Rupee. Moving to Asia, the Indian rupee firmed up on Tuesday as well, closing at 85.52 against the U.S. dollar, bolstered by a broad rally in Asian currencies.HDB Financial Services (issue price ₹740) and Sambhv Steel Tubes (issue price ₹82) are making their connections on the exchanges today. The Crizac IPO was open for subscription as of today.
The India VIX, which gauges the market’s expectation of volatility in the next 30 days, fell by 2.01% to settle at 12.52 on July 1, trading below the psychological 15 level. This muted reading indicates a lower-volatility economic backdrop and is an indication of less fear among investors, usually a tailwind to a gradual upward trend in the index.
Also check:- Indian Equities Kick Off July With Cautious Gains, Nifty Holds Above 25,500
As the market heads into the next quarterly earnings season beginning next week, analysts believe that traders will remain cautious and that foreign cues will continue to dictate the general direction. Investors should continue with the “buy-on-dips” strategy as long as the Nifty is holding above support at 25,300.
