Raghunandan Money – Investment Khushiyon Ka.

EQUITY MARKET (2nd July 2026)

By: Moumita Samanta | Date : Jul 2, 26

FII & DII trading activity on NSE, BSE and MSEI in Capital Market Segment: 1st July 2026

CategoryNet Value
DII+3,159.24Cr
FII/FPI-1,140.50Cr
INDIA VIX12.83(-3.10%)

As of 10:19 (IST)

NSE ADVANCE/DECLINE:

ADVANCE2112
DECLINE 873

As of 10:20 (IST)

NIFTY INDEX DAILY REPORT

Nifty 50, continued its winning streak by closing at 24,175.70, marking a solid gain of 169.85 points for the day. The market opened strong at 24,062.20, comfortably holding its position above the important 24,000 mark. Throughout the trading hours, the index showed great strength, hitting a high of 24,194.55 and never dropping below 24,058.80. This steady growth highlights consistent buying by investors and strong local demand, which helped keep Indian market confidence high despite mixed signals from global markets. Further continuous fall in crude oil prices below the mark of $73, gave positivity in the market. Further chances of interest remaining status quo with easing inflation pressure along with optimism from US-Iran also pushed the index higher. 


The Bank Nifty index continued its upward trend from the previous day to close with small but steady gains. The index started the trading session on a strong note at 58,134.50 and climbed to a high of 58,392.70 as buyers kept up the pressure. Even though investors sold shares to book  profits, pushed the index down to a low of 57,933.75, but strong buying interest near the key 58,000 level kept the market stable. By the end of the day, Bank Nifty closed at 58,031.65, unchanged from previous close. Bank Nifty ended the day slightly below 58,100. Further positivity in the market could be witnessed once the index settles and sustains above the mark of 58,100.

The Nifty IT index made a remarkable comeback, surging more than 4% to end a tough four-day decline. The index opened at 26,141.75 and quickly climbed to the high of 26,846.70 by the, locking in a massive gain of 1,076.90 points. This major recovery as investors jumped in to buy big and mid-sized technology stocks at attractive, discounted prices after the recent market drop. Leading tech companies like Coforge, Infosys, Mphasis, Persistent Systems, and HCL Technologies drove the rally, with each gaining between 4% and 6%. The IT sector saw a massive surge despite weak global markets, proving investors chose to focus on steady local IT services even while tech and microchip stocks continue to fall in the US and Asia.

Nifty Auto index showed growth, rising for the third consecutive trading session to finish up by a strong 1.21%. Good vehicle sales numbers from June and helpful global factors like falling oil prices,aided Nifty auto to sustain its gaining momentum. The index started the day at 26,965.55 and easily crossed the important 27,000 level. During the trading session, the index climbed as high as 27,136.75 before closing very close at 27,108.20, which was an overall jump of 325 points. Major car companies and auto part makers led the market rally due to high customer demand, with big gains seen in stocks like Sona BLW, Exide Industries, TVS Motor Company, and Uno Minda. Settling  the day above 27,100  mark shows that large investors are actively interested in these stocks, pointing to a positivity in the auto industry in the coming months.

NIFTY DAILY CHART

Nifty managed to close above 24,100 at the level of 24,175. Thus, the index is indicating a positive trajectory towards the level of 24,300. Further RSI at the mark of 58.94, is further hinting towards scope of further upside in the index. Thus sustained trading above 24,180 would open the gates for 24,350 in coming days.

NIFTY24175.70.71%24,00024,350
BANK NIFTY58,031.650.00%57,10058,250
SECTORIAL INDICES
NIFTY IT26,965.074.64%25,65027,000
NIFTY PHARMA25,308.900.50%24,78025,400
NIFTY AUTO27,108.201.21%26,23027,100
NIFTY REALTY871.71.45%780885
NIFTY ENERGY39,707-0.15%39,51040,670
NIFTY FMCG50,084.700.56%47,65050,520

POST MARKET UPDATE:

Nifty 5024175.7(0.71%)Nifty Bank58031.65(0%)
Sensex77502.12(0.75%)India Vix12.29(-7.21%)
Nifty50 GainersNifty50 Losers
ETERNAL2.05%INFY-4.38%
BHARTIARTL1.71%TCS-1.05%
POWERGRID1.35%TECHM-0.87%
NESTLEIND1.22%HCLTECH-0.69%
NTPC1.05%M&M-0.56%

Equity Market Technical Analysis Snapshot: Jul 02nd, 2026

NIFTY50:

Nifty gained +0.71%, opening gap-up at 24,062.20 and extending its early gains to 24,155, where it encountered initial resistance. The index then retraced to the 24,070 support zone, attracted fresh buying interest, and rallied to an intraday high of 24,194.55 before closing firmly at 24,175.70. The trend remains bullish, with Nifty trading above its 11DMA and 30DMA, although it continues to remain below the 200DMA, indicating strengthening short-term momentum while the broader trend is still under recovery. The RSI at 58.94 reflects improving momentum with room for further upside. Immediate resistance is placed at 24,250-24,450, while support is seen at 24,050-23,900. A sustained breakout above 24,250 could strengthen the bullish momentum and extend the ongoing recovery. 

BANKNIFTY:

Bank Nifty ended the session almost unchanged (+0.00%), opening at 58,134.50 and initially extending its gains to an intraday high of 58,396.10. Selling pressure emerged from higher levels, dragging the index to a low of 57,884.60, before it recovered to close at 58,031.65, reflecting a largely range-bound session. Despite the lack of follow-through buying, the trend remains bullish as Bank Nifty continues to trade above its 200DMA, 30DMA, and 11DMA, confirming that the broader technical structure remains positive. The RSI at 63.21 indicates healthy bullish momentum. Immediate resistance is placed at 58,100-58,450, while support is seen at 57,650-57,300. A sustained move above 58,100 could trigger fresh upside momentum, while holding above 57,650 will be key to maintaining the bullish structure. 

INDICESSUPPORTRESISTANCETREND
NIFTY5024050 24250Bullish
BANK NIFTY5765058100Bullish

NIFTY MID SELECT:

Nifty Mid Select (Midcap Nifty) advanced +0.26%, opening gap-up at 14,595.70 and touching an intraday high of 14,619.50, almost exactly at the anticipated resistance zone. The index witnessed mild profit booking thereafter, slipping to a low of 14,537.05, before closing at 14,573.30. The trend remains bullish, with the index continuing to trade above its 200DMA, 30DMA, and 11DMA, reflecting sustained strength despite the intraday consolidation. The RSI at 58.21 suggests healthy momentum and supports the continuation of the broader uptrend. Immediate resistance is placed at 14,650-14,770, while support is seen at 14,450-14,300. A decisive breakout above 14,650 could lead to another leg higher. 

NIFTY IT:

Nifty IT surged +4.64%, opening at 26,141.75 and witnessing strong buying interest throughout the session. The index reclaimed the important 26,180 resistance level shortly after the opening bell, triggering a sharp rally that lifted it to a close of 26,965.00. Despite the impressive recovery, the trend remains bearish, as the index still trades below its 200DMA, 30DMA, and 11DMA, indicating that the broader downtrend has not yet reversed. The RSI at 42.61 has improved from oversold levels, suggesting that short-covering and bargain buying have emerged, but further confirmation is required before a trend reversal can be assumed. Immediate support is placed at 26,600-26,180, while resistance is seen at 27,500-28,000. A sustained move above 27,500 would strengthen the recovery, whereas holding above 26,600 will be important to preserve the current positive momentum.  

INDICESSUPPORTRESISTANCETREND
NIFTY MID CAP SELECT1445014650Bullish
NIFTY IT2660027500Bearish

Pivot Table:

PRODUCTS3S2S1PIVOTR1R2R3
NIFTY5023956240072409124143242272427924363
BANKNIFTY57301575935781258104583245861658835
FINNIFTY26607267052678426881269602705827137
MIDCPNIFTY14596146081457214584145491456014525
NIFTYNXT5072371724487226972346721677224472065

FII & DII trading activity on NSE, BSE and MSEI in Capital Market Segment: 2nd July 2026

CategoryNet Value
DII+1,784.40Cr
FII/FPI-311.82Cr

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