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Supported by positive global cues, Indian markets opened higher on Thursday, with the Nifty hovering near the 25,500 mark. The Sensex rose 140.26 points or 0.17 per cent to 83,549.95, NSE Nifty50 saw a modest gain of 46.10 points or 0.18 per cent, opening at 25,499.50. Market breadth was positive, with 1,539 stocks advancing, 872 declining, and 129 remaining unchanged.

Among the top Nifty gainers were Asian Paints, Tata Steel, Shriram Finance, ICICI Bank, and Hindalco. On the flip side, Kotak Mahindra Bank, Bajaj Finance, Bajaj Finserv, Reliance Industries, and Axis Bank were among the major laggards.

Sectorial Update

Sectoral indices on the NSE opened on a mixed note. Nifty Auto led the gains, rising 0.7 per cent, driven by strength across the broader automobile sector. Nifty IT and Metal also traded in positive territory, each gaining 0.4 per cent, while Nifty FMCG posted a slight uptick. The Pharma index remained largely flat.

On the downside, Nifty PSU Bank fell 0.5 per cent, while the Realty and Media indices slipped 0.2 per cent each. Nifty Energy and Infra also registered mild losses, reflecting cautious sentiment in defensive and rate-sensitive sectors.

FII Flows

Foreign Institutional Investors (FIIs) were net sellers on July 2, offloading shares worth Rs 1,562 crore, according to provisional exchange data. In contrast, Domestic Institutional Investors (DIIs) emerged as net buyers, investing Rs 3,037 crore in the market.

Previous Trading Session

In the previous trading session, the BSE Sensex closed at 83,384.61, falling by over 300 points, while the NSE Nifty50 slipped nearly 100 points to end the day at 25,444. The sharp decline wiped out earlier gains driven by positive macroeconomic indicators and developments in global trade. Investor sentiment remained cautious amid uncertainty surrounding the outcome of the US-India trade talks, with hopes pinned on a favorable agreement. Market tensions were further heightened as the tariff deadline set by US President Donald Trump approached, although India remained hopeful of securing a deal to avoid steep tariffs from the Western power.