Pre-Market Brief: Nifty 50 Climbs to 24175 as IT Sector Leads Market Gains | 03 Jul 2026, 08:00 AM IST
By ThePip Desk
Nifty 50 closed at 24175.70, gaining 170 points, driven by a robust IT sector rally. Domestic Institutional Investors continued their buying spree. Traders eye opening cues.
The Nifty 50 concluded Thursday’s trading session on a strong note, gaining +170 points (+0.71%) to settle at 24175.70. This upward momentum was largely spearheaded by a significant rally in the IT sector, which surged by an impressive +4.64%. The broader market also saw positive action, with the NIFTY Midcap 100 advancing by +0.48%, while the Nifty Bank remained largely unchanged, registering a marginal −0.00% change. Market breadth for the Nifty 50 was nearly balanced, with 26 advances against 24 declines.
| Index | Close | Change% |
|---|---|---|
| Nifty 50 | 24175.70 | +0.71% |
| Nifty Bank | 58031.65 | −0.00% |
| NIFTY Midcap 100 | 62307.90 | +0.48% |
Sector Performance
The Information Technology sector was the clear outperformer, climbing +4.64%, indicating strong investor confidence in the segment. Other sectors also contributed positively to the market’s overall gains, with increases of +1.45%, +1.21%, +0.56%, +0.50%, and +0.24% respectively. In contrast, one sector experienced a decline of −0.43%, standing out as the sole laggard among those specified.
Top Movers
Leading the pack of gainers were several IT heavyweights. Infosys Ltd. (INFY) surged by +5.64% to ₹1040.9, followed by Tech Mahindra Ltd. (TECHM) with a +4.34% rise to ₹1421.3. Tata Consultancy Services Ltd. (TCS) also saw significant appreciation, up +4.31% to ₹2068.1, and HCL Technologies Ltd. (HCLTECH) gained +4.24%, closing at ₹1078.1. Bajaj Finserv Ltd. (BAJAJFINSV) was another notable gainer, adding +3.23% to ₹1855.7.
On the losing side, Max Healthcare Institute Ltd. (MAXHEALTH) declined by −1.10% to ₹1127.4. Larsen & Toubro Ltd. (LT) fell −0.81% to ₹4059.4. Tata Motors Passenger Vehicles Ltd. (TMPV) saw a −0.53% dip to ₹345.95, while Nestle India Ltd. (NESTLEIND) was down −0.52% at ₹1446.2. Axis Bank Ltd. (AXISBANK) closed lower by −0.45% at ₹1362.6.
FII and DII Flows
Foreign Institutional Investors (FIIs) continued their selling trend, registering net outflows of −₹311.82 crore on July 2, marking their fourth consecutive session as net sellers. This consistent selling by FIIs has been a notable feature in recent trading. Conversely, Domestic Institutional Investors (DIIs) maintained their strong buying momentum, injecting +₹1784.4 crore into the market on the same day. DIIs have been net buyers for the past five consecutive sessions, providing crucial support amidst FII exits.
As the market prepares for Friday’s open, the strong performance of the IT sector and sustained DII buying will be key factors to watch. Market participants will monitor early trading activity for cues on Friday’s direction.