📊 Market Summary
On 2 July 2026, the market showed a bullish bias among the ~200 actively traded F&O stocks, with 122 advancing and 50 declining. The average price change was a healthy 0.74%. The market opened with a mix of gap ups and trading within the previous day's fair value zone, supporting a positive sentiment. Strong buying tails at the day's lows were seen in 60 stocks, indicating aggressive demand.
🏆 Top Gainers & Losers
Top Gainers
| Stock | % Change | Sector | Notes |
|---|---|---|---|
| SONACOMS | +7.60% | Automobile | Strong volume (3.9x), price rejected upwards at open, buying at lows |
| EXIDEIND | +7.53% | Automobile | Strong opening drive upwards, heavy buying tail |
| PERSISTENT | +6.06% | Information Technology | Moderate volume, steady upward trend with buying support |
| INFY | +5.70% | Information Technology | Strong opening drive and buying tail |
| MPHASIS | +5.68% | Information Technology | Increased volume, buying at lows |
Top Losers
| Stock | % Change | Sector | Notes |
|---|---|---|---|
| INDIAVIX | -7.43% | Diversified | Lower volatility index |
| BANKBARODA | -4.11% | Banking & Finance | Decline despite 2.2x volume |
| BHEL | -2.97% | Infrastructure | Moderate volume, downward trend |
| DMART | -2.92% | Diversified | High volume but price declined |
| BSE | -2.66% | Banking & Finance | Decline with moderate volume |
🏭 Sector Scorecard
| Sector | Average % Change | Stocks Covered |
|---|---|---|
| Information Technology | +3.75% | 12 |
| Automobile | +2.26% | 16 |
| Chemicals | +1.98% | 5 |
| Cement | +1.49% | 5 |
| Realty | +1.31% | 6 |
| Metals & Mining | +0.84% | 10 |
| FMCG | +0.71% | 14 |
| Energy & Oil | +0.52% | 17 |
| Pharmaceuticals | +0.51% | 16 |
| Diversified | +0.49% | 35 |
| Banking & Finance | +0.24% | 55 |
| Infrastructure | -0.27% | 26 |
| Telecom | -0.74% | 3 |
💰 FII/DII Activity (As of 1 July 2026)
Foreign institutional investors (FIIs) showed a bullish stance with a net long position of 236,790 contracts in futures and a total net long of 471,901 contracts across futures and options. Domestic institutional investors (DIIs), however, held a net short position of -3,973,704 contracts in futures and a total net short of -4,048,391 contracts. This divergence indicates FIIs are currently more optimistic about the market direction.
📰 News That Moved Markets
- FTSE 100 traded 24 points higher near 10,503 despite a 0.78% fall in Brent Crude prices, signaling global market caution.
- HFCL shares slipped nearly 7% this week after a 212% rally, raising questions about buying on dips.
- SBI Funds plans a $1.2 billion India IPO launch in July, testing investor demand.
- Coca-Cola is eyeing a $1 billion IPO for its Indian bottling arm, signaling potential market interest.
- BASF India shareholders approved the demerger of its agri solutions business, a strategic move for the company.
📈 Volume & Smart Money Signals
Volume surged above 1.5 times the average in 29 stocks, including top gainers SONACOMS and EXIDEIND, confirming strong buying interest. High delivery percentages in key stocks like ICICIGI (70.1%), HDFCLIFE (68.3%), and HDFCBANK (68.3%) suggest institutional investors are accumulating positions. This aligns with the bullish market bias observed today.
🔮 Under the Hood: Market Structure
Today’s market structure showed a predominance of normal varied upward days (48 stocks) and normal varied downward days (53 stocks), indicating a mixed but slightly positive environment. The opening was mostly above the previous day's fair value zone high (55 stocks) or within the previous day’s price range (103 stocks), supporting a constructive start.
The market saw 32 strong directional moves upward from the opening bell (open drive up), compared to 19 downward, reinforcing the bullish tone. Buying tails appeared in 60 stocks, reflecting aggressive buying at the day’s lows, while selling tails were present in 44 stocks. Single prints, representing rapid price moves with little trading, were more frequent on the upside (9) than downside (2), suggesting momentum favoring buyers.
Overall, the Point of Control (the most-traded price level) shifted higher, and the price range where most trading occurred expanded upwards, consistent with a positive market bias.
⚡ F&O Highlights
No stocks were placed on the F&O ban list today, indicating smooth trading conditions in derivatives. The next weekly expiry is scheduled for 7 July 2026, with the monthly expiry on 28 July 2026.
🎯 Stocks to Watch Tomorrow
- SONACOMS — Strong volume and price action today suggest momentum continuation.
- EXIDEIND — Watch for follow-through after a 7.53% gain backed by heavy buying.
- INFY — IT sector leader with solid buying support; potential for further upside.
- HDFCBANK — High delivery percentage signals institutional interest despite sector’s modest gain.
- ICICIGI — High delivery and smart money accumulation make it a key stock to monitor.
📐 Key Levels for Tomorrow
| Index | Support | Resistance | Fair Value Zone |
|---|---|---|---|
| NIFTY | 167.00 (Value Area Low) | 123.00 (Value Area High) | 167.00 to 123.00 |
| BANKNIFTY | 222.00 (Value Area Low) | 178.00 (Value Area High) | 222.00 to 178.00 |