Stock Market Today: Key Factors That Could Drive Sensex & Nifty on Thursday

The Indian stock market rebounded sharply on Wednesday, 1 July 2026, snapping a two-session losing streak as easing geopolitical tensions, optimism over a potential India-US trade agreement, and softer crude oil prices lifted investor sentiment. The BSE Sensex surged 444 points to close at 76,922.64, while the Nifty 50 gained more than 140 points to settle above the 24,000 mark at 24,005.85.

The rally also pushed the total market capitalization of BSE-listed companies higher by more than ₹2 lakh crore, while India VIX declined over 3% to 13.19, indicating easing market volatility. Analysts believe the short-term trend remains positive as long as the Nifty holds above the crucial 23,800 support level.

Indian Stock Market Closing Snapshot

Index	Closing Level	Change
Sensex	76,922.64	+444 Points
Nifty 50	24,005.85	+140 Points
India VIX	13.19	▼ Over 3%
BSE Market Capitalisation	Around ₹476 Lakh Crore	+₹2 Lakh Crore

Factors That Could Drive the Stock Market on Thursday

Nifty Technical Levels

Technical analysts believe the market remains bullish while Nifty stays above 23,800.

Level	Value
Immediate Support	23,800
Immediate Resistance	24,200
Trend	Positive Above 23,800

A sustained move above 24,200 could strengthen bullish momentum in the coming sessions.

India-US Trade Deal Optimism

Investor sentiment improved after expectations of progress in the proposed India-US trade agreement. Any official developments could boost export-oriented sectors and improve overall market confidence.

Global Geopolitical Developments

Although tensions in the Middle East have eased, uncertainty surrounding US-Iran discussions continues to keep global investors cautious. Any fresh geopolitical developments could influence crude oil prices and market sentiment.

Crude Oil Prices

Lower crude oil prices continue to support Indian equities by reducing inflationary pressure and improving India's import outlook. Energy prices will remain one of the key market drivers.

US Markets

Wall Street ended lower amid uncertainty over US-Iran negotiations, while investors continue to monitor global economic data and interest rate expectations.

European Markets

European markets traded cautiously despite easing inflation across the Eurozone, strengthening expectations that monetary tightening may moderate in the coming months.

India VIX

The India VIX declined to 13.19, reflecting improving investor confidence and relatively lower expected volatility in the near term.

Most Active Stocks by Turnover

The following stocks witnessed the highest trading activity by value on the NSE.

Company	Turnover
RITES	₹2,228 Crore
HDFC Bank	₹2,082 Crore
Maruti Suzuki	₹2,004 Crore
Eternal	₹1,837 Crore
ICICI Bank	₹1,645 Crore
MCX India	₹1,554 Crore
KPIT Technologies	₹1,484 Crore

Stocks in Focus

Stocks Showing Strong Buying Interest

• RITES
• Reliance Power
• Delhivery
• Inventurus Knowledge
• Hexaware Technologies
• Aegis Logistics
• TBO Technologies

Stocks Under Selling Pressure

• KPIT Technologies
• Apar Industries
• Coforge
• Tata Elxsi
• Himadri Speciality Chemical
• Indraprastha Gas (IGL)
• GE Shipping

Market Breadth

Market breadth remained positive, indicating broader participation in Wednesday's rally.

Market Breadth	Number of Stocks
Advances	1,852
Declines	1,473
Unchanged	100

Stocks Hitting 52-Week High

The following stocks touched fresh 52-week highs during Wednesday's session:

• Delhivery
• Inventurus Knowledge Solutions
• Aegis Logistics
• ITD Cementation
• Phoenix Mills
• Adani Enterprises
• Nippon Life AMC

Stocks Hitting 52-Week Low

Several IT stocks continued to remain under pressure and touched fresh 52-week lows.

• KPIT Technologies
• Tata Elxsi
• Birlasoft
• HCL Technologies
• Tata Consultancy Services (TCS)
• IndiaMART InterMESH
• Infosys

Market Outlook

Analysts remain constructive on Indian equities as easing geopolitical tensions, improving global risk sentiment, lower crude oil prices and optimism surrounding an India-US trade agreement continue to support markets. However, investors are expected to closely monitor global macroeconomic data, crude oil prices, foreign institutional investor (FII) activity and key technical levels, with 23,800 remaining the critical support level for the Nifty. A sustained move above 24,200 could open the door for further upside in the near term.

What are the key support and resistance levels for Nifty?

Analysts identify 23,800 as the immediate support level, while 24,200 remains the key resistance.

Why did the Indian stock market rally today?

The rally was driven by easing geopolitical tensions, optimism over a potential India-US trade agreement, lower crude oil prices and improving investor sentiment.

Which stocks witnessed the highest buying interest?

RITES, Reliance Power, Delhivery, Inventurus Knowledge, Hexaware Technologies, Aegis Logistics and TBO Technologies were among the major gainers.

What should investors watch on Thursday?

Investors should monitor global markets, crude oil prices, US-Iran developments, India-US trade negotiations, FII activity and Nifty's movement around the 23,800-24,200 range.