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3 min read | Updated on July 01, 2026, 16:26 IST
SUMMARY
On July 1, the SENSEX closed 443.97 points or 0.58% higher at 76,922.64. Meanwhile, the NIFTY50 surged 140.10 points or 0.59% to end at 24,005.85.
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The SENSEX rallied as much as 0.83% to an intraday high of 77,110.08 on July 1. | Image: Shutterstock
The SENSEX rallied as much as 0.83% to an intraday high of 77,110.08, while the NIFTY50 reached the session’s peak of 24,049.90.
On July 1, the SENSEX closed 443.97 points or 0.58% higher at 76,922.64. Meanwhile, the NIFTY50 surged 140.10 points or 0.59% to end at 24,005.85.
The top gainers in the index included Eternal (5.82%), Adani Enterprises (3.52%), Nestle India (3.40%), Asian Paints (3.01%), and Hindustan Unilever (2.99%).
On the other hand, HCL Technologies (-3.40%), Tech Mahindra (-3.18%), Tata Consultancy Services (-2.45%), Hindalco Industries (-1.80%) and Tata Steel (-1.63%).
The stocks of HCL Tech, Tech Mahindra and TCS declined, as the NIFTY IT index hit its five-year low on July 1.
The NSE Midcap gauge closed at 62,008.80, reflecting a 211.10-point or 0.34% increase on Wednesday.
It was supported by gains in One 97 Communications (5.64%), Dabur India (5.48%), Page Industries (5.25%), Godrej Properties (4.44%) and Multi-Commodity Exchange (4.43%), which were among the top winners.
On the flipside, the top laggards included KPIT Technologies (-16.46%). The stock hit a 52-week low, as the company, on Tuesday, post-market hours, said that it expects the financial performance for Q1 FY27 (April to June period) to be lower than expected previously, due to a sudden drop in revenues in the last few weeks.
KPIT Technologies said that there is an expected decline of nearly 1% in USD-reported revenues for Q1FY27 compared to Q1 FY26 (YoY), primarily due to sudden actions by some European OEMs triggered by their recent profit warnings/ adverse business outlook.
The operating profitability (EBITDA margin) and the net profit margin for Q1 FY27 would decline sequentially, proportionately higher than the revenue decline, since there is no window for cost optimisation during this short period, it added.
It was followed by Coforge (-6.67%), Tata Elxsi (-6.39%), Steel Authority of India (-4.03%) and Tata Communications (-3.28%).
The sell-off in Tata Elxsi appears to be a spillover effect from peer KPIT Technologies, whose weak Q1FY27 outlook dampened sentiment across the automotive engineering and ER&D space.
The NIFTY Smallcap index increased by 67.95 points or 0.36% to close at 18,931.05.
Its top gainers were Reliance Power (8.94%), Delhivery (7.85%), Inventurus Knowledge Solutions (7.48%), Aegis Logistics (6.30%) and JM Financial (5.47%).
Conversely, Himadri Speciality Chemical (-5.04%), Indraprastha Gas (-4.81%), Tata Chemicals (-4.60%), the Great Eastern Shipping Company (-4.46%) and Welspun Corp (-2.86%) were among its top losers.
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