NIFTY50, SENSEX today: Wall Street cues, FII activity, key things to know before markets open on July 3

The Indian equity benchmarks are set to stage a gap up opening on Friday, July 3, as indicated by GIFT NIFTY futures. NIFTY futures at GIFT City in Gandhinagar surged 145 points or 0.6% to 24,410 amid positive cues from Asian markets.

The Indian equity benchmarks surged for a second straight session on Thursday powered by a rally in information technology shares as value buying emerged in IT shares after a recent selloff.

The SENSEX surged as much as 656 points and NIFTY50 index touched an intraday high of 24,195 led by gains in Infosys, Tata Consultancy Services, ICICI Bank, HCL Technologies, Tech Mahindra and Mahindra & Mahindra.

The SENSEX ended 579 points higher at 77,502 and NIFTY50 index advanced 170 points to close at 24,176.

Investor confidence also got a boost after crude prices declined for a second straight session as talks between United States and Iran progressed easing concerns about potential disruptions to crude supplies in the Middle East.

Asian markets

Asian markets were trading higher after a subdued US jobs data slashed hopes of a rate hike in the United States.

Japan's Nikkei rose 0.6%, China's Shanghai Composite advanced 0.59%, Hong Kong's Hang Seng advanced 1.24% and South Korea's KOSPI index 2.88%.

Wall Street update

Most of the US stock indices ended lower on Thursday as selloff in AI related shares continued. Dow Jones surged to a record high, rising 1.14% to close at 52,900.

S&P 500 index ended unchanged while tech heavy Nasdaq dropped 0.8%.

FII/DII activity

Foreign institutional investors (FII) sold shares worth ₹312 crore on Thursday while domestic institutional investors bought stocks worth ₹1,784.40 crore, as per NSE data.

FIIs have so far this year sold shares worth ₹2,75,913 crore, data from National Securities Depository Limited (NSDL) showed.

Stocks to watch

"The licence has been granted in relation to the provision of services namely: (a) execution of payment transactions, including transfers of funds on a payment account with the user’s payment service provider or with another payment service provider: - execution of credit transfers, including standing orders; (b) execution of payment transactions where the funds are covered by a credit line for a payment service user: - execution of credit transfers, including standing orders; and (c) acquiring of payment transactions," the company said.

"In his new role, he will drive Ramco’s global growth agenda and accelerate its strategy to become an AI-native enterprise software company," the Chenna-based firm said in an exchange filing.

In the first quarter of the financial year 2026-27, the maharatna firm supplied 154.75 MT of coal to the power sector, up 1.8% from 151.93 MT a year back.

In a statement, the maharatna firm said there was a 7.5 per cent growth in overall coal supplies during June, which reached 65.8 MT compared to 61.2 MT last year.

"AEL and IHC, through its subsidiary IRH, will form a 50:50 joint venture for the proposed project. The proposed investment, valued at approximately ₹1.08 lakh crore (USD 11.5 billion), is expected to be Odisha's largest Foreign Direct Investment (FDI) proposal and India's largest foreign direct investment in the metallurgy sector," it said in an exchange filing.