Daily Market Wrap – July 2, 2025
By Angeeras Securities | For the Informed Investor
After a strong start in the morning, Indian equity markets faced heavy profit booking on July 2, 2025. The Nifty 50, which opened nearly 47 points higher, saw a sharp intraday correction of over 230 points from its peak of 25,608. It eventually settled 88 points lower, or 0.35% down, at 25,453.00. The Sensex mirrored the weakness, dragged by financials and realty stocks.
Despite this downturn, some resilience was seen in specific sectors. Stocks like Tata Steel, JSW Steel, and Asian Paints emerged as top gainers, while Shriram Finance, HDFC Life, and IndusInd Bank bore the brunt of selling pressure. Trading volumes on the NSE cash market were up 4% compared to the previous session, reflecting higher participation amid volatility.
💱 Currency Update: Rupee Under Pressure
The Indian Rupee weakened by 18 paise to close at 85.70 against the U.S. Dollar. The decline was driven by:
Renewed strength in the U.S. Dollar globally Continued foreign fund outflows Elevated demand from corporate hedgers Broader risk-averse sentiment
📊 Market Breadth & Broader Indices
Nifty Midcap 100 slipped 0.14% Nifty Smallcap 100 dropped 0.41%
The market breadth turned negative for the first time in nearly a week, with the advance-decline ratio on BSE at 0.83, indicating a tilt toward declining stocks.
Among sectoral indices:
Gainers: Nifty Metals, Consumer Durables, and Healthcare stood out with selective buying. Losers: Realty, Financial Services, and PSU Banks led the fall. The Bank Nifty dropped 0.8%, and financials logged a third straight session of decline.
Notably, the Nifty Realty Index continued its losing streak, sliding 1.4% for the day and bringing its 5-session cumulative loss to nearly 5%.
🧾 Stock-Specific Highlights
HDB Financial Services made a stellar debut, listing at a 13% premium and ending the day up 13.6% over its issue price. Tata Steel, JSW Steel, and Asian Paints held firm amid the broader decline, indicating strength in select blue chips.
Heavyweights HDFC Bank and Reliance Industries declined 1.3% and 0.6%, respectively, contributing significantly to benchmark losses.
🧮 Market Internals (NSE)
Advancing stocks: 1,312 Declining stocks: 1,590 Unchanged: 98 Stocks at 52-week highs: 72 Stocks at 52-week lows: 35 Upper circuits: 106 Lower circuits: 58
🌍 Global Economic Calendar – Key Releases Ahead
United States
Thursday: Non-Farm Payrolls, Jobless Claims, Durable Goods Orders, Factory Orders, Composite and Services PMI
Europe
Thursday: Composite and Services PMIs across France, Germany, and the UK Friday: Manufacturing Production and Industrial Output in France, Construction PMI in the UK
China
Thursday: Caixin Services PMI, Caixin Composite PMI
Japan
Thursday: Services and Composite PMIs Friday: Household Spending figures
India
Friday: Foreign Exchange Reserves
📽️ For technical charts, resistance zones, and short-term strategy, watch our exclusive daily video update:
Angeeras Securities 