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Stock Market Update July 2nd: Nifty 50 and Sensex Hit Fresh All-Time Highs But Retreat: Nifty 50 Below 24,100, Sensex Drop Over 130 Pts – Top 10 Gainers in Focus

Enos Mwangi

The Indian stock market has showed mixed performance on July 2nd so far with the Nifty 50 and Sensex retreating slightly from fresh all-time highs reached in early trading. As of writing the Nifty 50 stands at 24,098.60 down 0.18% or 43.35 points from its previous close of 24,141.95. It has traded in a range of 24,073.65 to 24,236.35 today.

The BSE Sensex is at 79,341.94 down 0.17% or 134.25 points with a day range of 79,236.74 to 79,855.87. This comes after both indices closed June on a bullish note and started July strongly.

Nifty 50 Index: TradingView

Wipro leads today's top 10 gainers opening at 529.30 and reaching a high of 545.00 before settling at an LTP of 538.95. This represents a 2.20% increase from yesterday's close of 527.35 as we await to see whether it will continue dropping or gain before close today. The stock has hit a low of 528.30.

Infosys follows with a 1.92% gain trading at 1,621.30 compared to the previous close of 1,590.80. It opened at 1,596.20 and has seen a high of 1,633.80 and a low of 1,586.50 so far today.

Larsen & Toubro is up 1.79%, with an LTP of 3,589.60 versus yesterday's close of 3,526.55. The stock opened at 3,535.05 and has reached a high of 3,634.00 maintaining its opening price as the day's low.

Source: NSEIndia

HDFC Bank shows a 1.41% increase trading at 1,729.25 compared to the previous close of 1,705.20. It opened at 1,715.00 and has hit a high of 1,729.95 and a low of 1,702.75 so far.

HCL Tech gains 1.11% with an LTP of 1,485.15 against yesterday's close of 1,468.85. The stock opened at 1,475.00 and has reached a high of 1,492.45 and a low of 1,473.00.

LTIMindtree is up 0.89% trading at an LTP of 5,496.00 compared to the previous close of 5,447.50. It opened at 5,450.05 and saw a high of 5,543.00 and a low of 5,405.00.

Grasim Industries shows a 0.88% increase with an LTP of 2,750.50 versus yesterday's close of 2,726.40. The stock opened at 2,717.00 and has hit a high of 2,762.70 maintaining its opening price as the day's low also.

Hindalco gains 0.86% trading at 695.75 compared to the previous close of 689.85. It opened at 689.90 and has reached a high of 703.30 and a low of 688.40.

Tech Mahindra is up 0.44% with an LTP of 1,478.55 against yesterday's close of 1,472.10. The stock opened at 1,480.00 and has seen a high of 1,498.00 and a low of 1,473.50.

Tata Consultancy Services (TCS) rounds out the top 10 gainers with a 0.33% increase trading at 3,991.25 compared to yesterday's close of 3,978.20. It opened at 3,993.60 and has hit a high of 4,021.95 and a low of 3,982.55.

As we approach the closing bell today we wait to see whether the stock market will recover from the negative readings today and continue its bullish momentum. 

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