01/07/2026
π MARKET WRAP | July 1, 2026
π’ Nifty: 24,005 | +140 pts
π’ Sensex: 76,922 | +444 pts
π’ Bank Nifty: 58,033 | +490 pts
Why up today:
Strait of Hormuz reopening β crude at $73/bbl, down from $126 peak
Iran Doha talks started (indirect only) β cautious optimism
FMCG, Realty, Auto led the rally
Why not fully up:
IT dragged badly β HCL β3.4%, TechM β3.18%, TCS β2.45%
KPIT warning on European OEM demand spooked the sector
Iran deal still NOT confirmed β fragile peace
Tomorrow's levels:
Nifty support: 23,800 | Resistance: 24,050 β 24,233
Bank Nifty support: 57,000 | Resistance: 58,150
Bias: Cautious buy β only above 24,060
Stocks to Watch on July 2:
π¦ Kotak Bank β Deutsche Bank acquisition deal. Positive trigger
π Auto stocks β June sales data out tomorrow. Watch Maruti, Bajaj
π Eternal β +5.82% today. Dip to 252 zone = watch
π Realty β Crude fall = margin relief. DLF, Godrej in focus
β Avoid IT for few days,
β οΈ Educational only. Not investment advice.
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