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Nifty snaps 2-day losing streak on Wednesday

01 Jul 2026 Evaluate

Snapping 2-day losing streak, Indian equity benchmark -- Nifty ended higher with gains of over half a percent on Wednesday amid valued buying. Index made a flat-to-positive start following broadly positive cues from other Asian markets and subdued crude oil prices. Soon, index extended their gains and continued its firm trade throughout the day, supported by gains in Realty and FMCG stocks. Sentiments remained upbeat as the Reserve Bank of India (RBI) stated that the Indian financial system remains resilient, underpinned by strong bank and non-bank balance sheets. Besides, traders took note of the Finance Ministry's report stating that the economy remains resilient, though moderation in some high-frequency indicators suggests a gradual easing of momentum, while flagging risks from uneven monsoon rainfall, emerging El Nino conditions and geopolitical uncertainties. Finally, Nifty ended above 24,000 mark. 

Most of the sectorial indices ended in green led by Realty, FMCG, and Media. The top gainers from the F&O segment were Delhivery, Eternal and One 97 Communications. On the other hand, the top losers were KPIT Technologies, Coforge and Tata Elxsi. In the index option segment, maximum OI continues to be seen in the 23900 - 24100 calls and 23900 - 24100 puts indicating this is the trading range expectation.

India Volatility Index (VIX), a gauge for market’s short-term expectation of volatility decreased

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