HCL Tech, Zydus Life, Marico among buzzing stocks as SENSEX jumps over 500 pts, NIFTY50 up 0.8% in noon deals

The Indian benchmark indices, SENSEX and NIFTY50, continued trading in positive territory in afternoon deals on Friday, July 3, amid positive cues from Asian markets and buying in IT and pharma stocks.

The SENSEX rallied as much as 0.85% to hit an intraday high of 78,157.52, while the NIFTY50 reached the session’s peak of 24,378.15.

At 12:50 PM, the S&P BSE SENSEX jumped by 559.73 points, or 0.72%, to 78,058.84. NSE’s NIFTY50 was trading at 24,359.90, reflecting a 184.20-point, or 0.76% increase.

Buzzing stocks on July 3: Check list

Shares of Hindustan Zinc advanced as much as 3.05% to hit an intraday high of ₹544.80 per unit on the National Stock Exchange (NSE) on Friday, July 3, as the Vedanta Group firm reported its business update for the first quarter of the 2026-27 financial year (Q1 FY27).

According to a regulatory filing, the company posted its best-ever first-quarter mined metal production for the fifth consecutive year at 268 kilo tonnes (kt) in FY27, marking a marginal year-on-year (YoY) increase from 265 kt in the June quarter of the 2025-26 financial year (Q1 FY26). It was driven mainly by better grades.

However, it fell 15% quarter-on-quarter (QoQ) from 315 kt in the fourth quarter of FY26.

The company’s saleable metal production grew 4% YoY to 260 kt in Q1 FY27, compared with 250 kt in the year-ago period, supported by capacity unlocked through debottlenecking initiatives at Chanderiya & Dariba and a 160 ktpa roaster at Debari, offset by planned maintenance activities. On a sequential basis, it dropped by 8% QoQ.

Union Bank of India’s stock declined as much as 7.3% to an intraday low of ₹161.6 apiece on Friday, July 3, after the lender shared its June quarter business updates for the fiscal year (Q1 FY27).

In a regulatory filing, the PSU bank said its total gross advances grew 12.5% from last year to ₹10.96 lakh crore, while total deposits increased 3.5% to ₹12.83 lakh crore on a YoY basis.

Union Bank of India’s domestic deposits rose 3.5% YoY to ₹12.82 lakh crore, while CASA deposits advanced 11.7% to ₹4.5 lakh crore. Sequentially, both were down 1.8% and 2.1%, respectively.

Marico shares rose 2% to hit a 52-week high of ₹873 apiece, before falling in the red, on Friday, July 3, a day after the FMCG firm said its consolidated revenue for the quarter ended June 30, 2026 (Q1 FY27) is expected to grow in the early twenties, driven by robust broad-based performance across core, digital and international businesses.

The homegrown FMCG company in a regulatory filing said the demand trends during the quarter remained steady, supported by resilient economic activity. “Looking ahead, we remain optimistic about consumption trends, while closely monitoring the evolving inflationary conditions and the impact of El Niño on the monsoon,” it added.

Overall, Marico expects strong operating profit growth driven by robust business growth and softening in copra prices. The company said its India business further accelerated its growth trajectory, delivering double-digit underlying volume growth and reaching a multi-quarter high.

The stock of Zydus Lifesciences climbed nearly 3.16% to hit a 52-week high of ₹1,134.50 per equity share on the NSE, as it signed a Memorandum of Understanding (MoU) with Apollo Hospitals to expand access to the Shield Multi-Cancer Detection test (MCD) in India.

Previously, Zydus Life had entered into an exclusive agreement with Guardant Health, a leading precision oncology company, to make the Shield MCD test available in India.

“The Shield MCD test is a methylation-based blood test for the detection of multiple cancer types, including bladder, colorectal, breast, prostate, oesophageal, gastric, liver, lung, ovarian and pancreas cancer in individuals aged 45 or older and who are at typical average risk for cancer,” according to a regulatory filing.

Shares of PC Jewellers soared 12% to hit an intraday high of ₹11 per share after the company reported strong operational performance and concluded Q1 FY27 with consolidated revenue growth of approximately 21% YoY, reflecting significant progress in its ongoing turnaround journey.

The jewellery firm said it continues to progress rapidly towards its goal of becoming debt-free and will achieve this goal in the current quarter itself. In line with this, PC Jeweller has reduced its outstanding debt that was payable to the banks under the terms of the Joint Settlement Agreement by another approximately 24% during Q1 FY27.

With this reduction, the company has now reduced its outstanding debt by more than 90% as of date since the execution of the settlement agreement with banks on September 30, 2024.

As of the time of writing, however, the company has not made any official announcement confirming the reported increase in the QIP size.

In a separate filing, the company said it signed a memorandum of understanding (MoU) with International Resources Holding (IRH), the Abu Dhabi-based natural resources investment platform and an IHC Group company through 2PointZero.

Adani Enterprises and IHC, through its subsidiary IRH, will form a 50:50 joint venture company for developing an $11.5 billion integrated greenfield aluminium project in Odisha.

Shares of Avenue Supermarts, the operator of the supermarket chain D-Mart, slipped as much as 4.87% to hit a low of ₹3,982.70 apiece on the NSE in the early trade on Friday, July 3, following the company's business update for the June (Q1 FY27) quarter.

In its Q1 FY27 business update, Avenue Supermarts said its standalone revenue from operations rose 15% YoY to ₹18,343.49 crore for the quarter ended June 30, 2026, compared with ₹15,932.12 crore in the corresponding quarter last year.

In a separate regulatory filing, the company said its Board of Directors will meet on Saturday, July 11, 2026, to, among other things, consider and approve the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. Furthermore, its board will also consider raising funds through the issuance of debt securities on a private placement basis, up to such limit as the Board may deem appropriate and approve.

The stock of HCL Technologies rallied as much as 7.5% to ₹1,159 apiece on the NSE on Friday, July 3, after the IT major announced a strategic partnership worth an estimated $1.14 billion with a Europe-headquartered Fortune Global 50 company.

Under the agreement, HCLTech will establish an AI-driven operating model to transform and manage the client's global digital workplace and enterprise network operations.

The contract will run from July 2026 to December 2031, with an option to extend it for an additional five years.