Weekly Market Wrap: NIFTY50, SENSEX rise 1%, NIFTY Smallcap 100 outshines; Eternal, Bajaj Finserv lead gains

The Indian stock market witnessed gains over the week ended July 3, with both benchmark indices rising nearly 1% supported by strong gains in realty and pharma stocks amid geopolitical developments and easing crude oil prices.

The NIFTY50 surged 214.85 points, or 0.9%, during the week, while the BSE SENSEX gained 663.44 points, or 0.9%.

Reports said that the United States and Iran agreed during the week to halt attacks on each other and held talks in Qatar on Tuesday to address differences over the Strait of Hormuz. However, the round of indirect talks ended without any meaningful progress toward a lasting resolution, with discussions largely focused on issues both sides said had already been addressed under an interim agreement announced two weeks earlier.

Back home, auto sales numbers during the week were one of the cues for the market. The passenger vehicle (PV) sales in the country are estimated to have grown nearly 25% in June to about 4 lakh units, led by Maruti Suzuki, Tata Motors PV and Mahindra & Mahindra.

Further, government data released on July 1 showed Goods and Services Tax (GST) collections rose 13.9% year-on-year to ₹1.95 lakh crore in June. Gross GST revenue stood at ₹1,94,812 crore in June, up from ₹1,71,105 crore in the same month last year.

During the week, Maruti Suzuki India reported a 19.3% rise in total sales at 2,00,390 units in June as compared to 1,67,993 units in the same month last year. Its total domestic PV sales were at 1,47,187 units last month as compared to 1,18,906 units in June 2025, a growth of 23.8%.

Furthermore, Tata Motors PV witnessed a 69% increase in total sales at 63,083 units in June as compared to 37,237 units in the same month last year. Domestic Passenger Vehicle (PV) sales were up 67% at 62,076 units last month, while the PV international business sales posted a multi-fold jump at 1,007 units.

How the broader market performed this week

During the week, the Nifty Midcap 100 climbed 0.6% while the Nifty Smallcap 100 jumped 2%.

The rally in Godrej Properties came after the realty firm said it has bought a 47-acre land parcel in Chennai to sell residential plots and expects an estimated revenue of ₹500 crore from this upcoming project. In a regulatory filing on Tuesday, the company said it has acquired a 47-acre land parcel in South Chennai through an outright purchase. The proposed development on this land will comprise primarily plotted residential units.

Meanwhile, Oberoi Realty also gained after the company launched an ultra-luxury residential project, Three Sixty North, in Gurugram.

However, KPIT Technologies shares crashed 25% during the week after the firm said it expects the financial performance for Q1 FY27 (April to June period) to be lower than previously expected due to a sudden drop in revenues in the last few weeks.

The company announced a preliminary update on Q1 FY27 financial performance and its outlook for the remainder of the year, following recent announcements by multiple European automakers. 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, KPIT Tech added.

Sectoral watch this week

Among sectors, the NIFTY Realty index was the biggest gainer, jumping 7.8%, followed by NIFTY Pharma, which rose 3.1%. NIFTY India Defence and NIFTY FMCG climbed 1.9% and 1.4%, respectively, while the NIFTY Consumer Durables index ended the week 1.4% higher.

FMCG sectors gained after companies like Hindustan Unilever (HUL), ITC, and others shared their Q1 business updates during the week. HUL Chairman Nitin Paranjpe said that the diversified FMCG major expects input cost pressures to gradually ease as crude oil prices have retreated from recent highs, though it may take some time before costs return to normal levels.

Meanwhile, ITC, in its annual report for FY26, had outlined an aggressive medium-term growth strategy centred on expanding its FMCG business, scaling digital agriculture and growing its fresh food and sustainable packaging businesses, while targeting net-zero operations by 2050.

Meanwhile, Nifty PSU Bank was the most losing sector during the week, declining 2.6%, followed by NIFTY Bank (-0.4%), NIFTY Private Bank (-0.4%), and NIFTY Oil & Gas (-0.1%).

India VIX, the volatility gauge, stood at 11.80 levels, slipping 10% during the week.