Weekly market update, Jul 03, 2026

The Indian stock market ended the week on a strong note despite mixed global cues, and rally was led by robust domestic macroeconomic indicators, healthy GST collections, improving industrial activity, and sustained expansion across both the manufacturing and services sectors. The NSE Nifty 50 and the BSE Sensex gained 0.89 and 0.86% respectively during the week. Broader markets, BSE 150 Midcap and BSE 250 Smallcap rose 0.93% and 1.21% respectively. On the BSE sectoral front, it was mixed. BSE Healthcare was the major gainer, up 3.14% followed by FMCG, up 1.56% and Metal, up 1.20%.

Looking ahead, Indian equity markets are expected to remain range-bound with a positive bias in the coming week as traders assess key technical levels while keeping an eye on global cues, including developments in US–Iran negotiations, crude oil prices and signals from the US Federal Reserve. In addition, the first quarter earnings season will kickstart in the coming week, with Tata Consultancy Services (TCS) among the first marquee company to announce its June quarter results on 9 July. According to analysts, investors will focus on management commentary regarding demand trends, discretionary spending, and AI-led business opportunities. In addition, bank credit growth, deposit growth, and the latest foreign exchange reserves data will be watched for further insights into domestic liquidity conditions and the health of the banking sector.

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