High
RELIANCEReliance Industries
Underperformance relative to market, trading below key moving averages and near 52-week low, recent 'Sell' rating, and bearish options activity.
below 50DMA support
Daily Report
Daily Report - Thu, 2 Jul, 2026, 11:43 IST
Market Summary
Indian markets ended with a positive bias, largely propelled by a significant rally in the IT sector which gained over 4%. Despite FII outflows, robust DII buying provided a strong counter-balance, supporting the broader market. The positive market breadth indicates underlying strength ahead of the open.
Key Takeaways
- Nifty 50 and Sensex closed positive, gaining 0.28% and 0.37% respectively.
- IT sector dramatically outperformed, surging +4.04%, with top gainers exclusively from IT.
- Nifty Bank and Nifty Energy registered slight declines.
- Market breadth was strong with 39 advances for every 19 declines.
- FIIs recorded net selling of -1140.5cr, significantly absorbed by DII buying of +3159.24cr.
- India VIX remained low at 12.835, suggesting stable market expectations.
Top Stories & Market Intelligence
- Macro & Policy - Economic Times
RBI Governor indicates no near-term inflation target increase, potential for long-term reduction
- Global Cues - Livemint
Indian markets poised for positive start on global cues and lower crude oil prices
- Earnings - Moneycontrol
JTL Industries reports strong operational growth in Q1 FY27
JTLIND - Sectoral - Economic Times
Gems and Jewellery, Shipbuilding, and Sugar sectors show highest market cap increases
- Corporate Actions - Business Standard
Coal India secures ₹2,831 crore solar power project
COALINDIA - Stocks in Focus - Moneycontrol
Key Indian stocks to watch on July 2, 2026
COALINDIA, BHARTIARTL, NMDC, SOUTHBANK, HEROMOTOCO, MAXHEALTH, MARUTI, SBILIFE, KOTAKBANK, AXISBANK, SBIN, HDFCLIFE, INDIGO, HCLTECH, SHRIRAMFIN, BAJAJ-AUTO, ONGC, INFOSYS, WIPRO, EICHERMOT, SUNPHARMA, GLENMARK, LUPIN, CSMTECH, TATATECH, VMART, INDIANB, FORCEMOT, DHANBANK, MEDIASSIST, JTLIND, GOODYEAR, SEPC, ROUTEMOB, DEVYANI, LT, TVSSCS, EMBASSY, JSWINFRA, SATIN, IOLCP, CDSL, SHREECEM, BASFINDIA, POLYPLEX, LTFINANCE, ALEMBICL, PARACAB, GUJENER, LLOYDSENT, CHEMBOND, PSB, TMB - Earnings - Moneycontrol
V2 Retail demonstrates strong operational growth in Q1 FY27
V2RETAIL - Sectoral - Moneycontrol
IT sector faces weak demand; Infosys and HCL Technologies may lower guidance
INFOSYS, HCLTECH
Street Consensus & Brokerage Radar
| Ticker | Brokerage | Action | Target | Rationale |
|---|---|---|---|---|
| REC | Nuvama Professional Clients Group | buy | 392 | Last Closing Price (LCP): ₹370, Stop Loss: ₹362, Target: ₹392. |
| OBEROIRLTY | Nuvama Professional Clients Group | buy | 1,970 | Last Closing Price (LCP): ₹1804, Stop Loss: ₹1738, Target: ₹1970. |
| HOMEFIRST | Nuvama Professional Clients Group | buy | 1,365 | Last Closing Price (LCP): ₹1200, Stop Loss: ₹1135, Target: ₹1365. |
| ADANIENT | Choice Broking | buy | 3,425 | Buy at ₹3144, Target ₹3425, Stop Loss ₹3000. |
| GMRINFRA | Choice Broking | buy | 124 | Buy at ₹113.50, Target ₹124, Stop Loss ₹108. |
| KIMS | Choice Broking | buy | 907 | Buy at ₹831, Target ₹907, Stop Loss ₹790. |
| CEAT | Choice Broking | buy | 4,000 | Buy at ₹3635, Target ₹4000, Stop Loss ₹3450. |
| MARUTI | Globe Capital | buy | 15,250 | Target: ₹15,250, Stop Loss: ₹14,000. |
| DLF | Globe Capital | buy | 680 | Target: ₹680, Stop Loss: ₹625. |
| ADANIPOWER | Kotak Securities | buy | 238 | Target: ₹238, Stop Loss: ₹222. |
| ICICIBANK | Kotak Securities | buy | 1,420 | Target: ₹1,420, Stop Loss: ₹1,350. |
| SUZLON | SMT Stock Market | buy | 70 | Target: ₹65 and ₹70, Stop Loss: ₹53. |
| MAZAGONDOCK | Prabhudas Lilladher | buy | 2,600 | Buy at ₹2534, Target ₹2600, Stop Loss ₹2480. |
| GMDC | Prabhudas Lilladher | buy | 630 | Buy at ₹605, Target ₹630, Stop Loss: ₹590. |
| EIDPARRY | Prabhudas Lilladher | buy | 750 | Buy at ₹719, Target ₹750, Stop Loss: ₹705. |
| EXIDEIND | ICICI Direct | buy | 480 | Target Price: ₹480 (as of July 1, 2026). |
| KOTAKBANK | Axis Direct | buy | 500 | Target Price: ₹500 (as of July 1, 2026). |
Corporate Actions & Calendar
| Date | Ticker | Type | Name |
|---|---|---|---|
| 2026-07-02 | LLOYDSENT | dividend | Lloyds Enterprises Ltd |
| 2026-07-02 | CHEMBONDT | dividend | Chembond Material Technologies |
| 2026-07-03 | AKUMS | dividend | Akums Drugs and Pharmaceuticals Ltd |
| 2026-07-03 | SKFINDIA | dividend | SKF India |
| 2026-07-03 | SWARAJENG | dividend | Swaraj Engines |
| 2026-07-03 | TECHM | dividend | Tech Mahindra |
| 2026-07-03 | THERMAX | dividend | Thermax |
| 2026-07-03 | UNIONBANK | dividend | Union Bank Of India |
| 2026-07-03 | WELENT | dividend | Welspun Enterprises |
| 2026-07-06 | SUNDARMFIN | dividend | Sundaram Finance |
| 2026-07-14 | HERITGFOOD | dividend | Heritage Foods Ltd |
| 2026-07-14 | BHARATBIJ | dividend | Bharat Bijlee Ltd |
| 2026-07-14 | SGSLIMITED | dividend | Saint-Gobain Sekurit India Ltd |
| 2026-07-14 | KFINTECH | dividend | KFIN Technologies Ltd |
| 2026-07-14 | TCS | dividend | Tata Consultancy Services Ltd |
| 2026-07-15 | COROMANDEL | dividend | Coromandel International Ltd |
| 2026-07-15 | CRAFTSMAN | dividend | Craftsman Automation Ltd |
| 2026-07-15 | BAAPACK | dividend | B&A Packaging India Ltd |
| 2026-07-15 | BENARES | dividend | Benares Hotels Ltd |
| 2026-07-02 | DHJ | bonus | Divine Hira Jeweller |
| 2026-07-03 | MPBHAGRO | split | MP Bharat Agro Prod. |
| 2026-07-03 | KRISHANA | split | Krishana Phoschem |
| 2026-07-14 | ANGELONE | results | Angel One Ltd |
FII / DII Activity
FII Net
−1,140.5 cr
DII Net
+3,159.24 cr
As of 2026-07-01
Market Cues
NIFTY 50
24,074.2
+0.28%SENSEX
77,207.7
+0.37%NASDAQ
26,040.031
-0.66%GOLD
4,044.6
-0.93%INDIA VIX
12.835
-3.08%Market Sectors
NIFTY BANK
57,951.65
-0.14%NIFTY IT
26,809.7
+4.04%NIFTY PHARMA
25,272.05
+0.35%NIFTY AUTO
26,845.9
+0.23%NIFTY METAL
12,457.4
+0.51%NIFTY ENERGY
39,656.45
-0.27%NIFTY REALTY
863.1
+0.45%NIFTY FIN SERVICE
29,127.7
+0.24%NIFTY FMCG
49,865
+0.12%Top Gainers & Losers
Top Gainers
| Ticker | Name | LTP | Change |
|---|---|---|---|
| INFY | Infosys | 1,035.80 | +5.12% |
| HCLTECH | HCL Technologies | 1,077.70 | +4.21% |
| TCS | Tata Consultancy Services | 2,048.30 | +3.31% |
| TECHM | Tech Mahindra | 1,399.80 | +2.76% |
| WIPRO | Wipro | 173.98 | +2.26% |
Top Losers
| Ticker | Name | LTP | Change |
|---|---|---|---|
| LT | Larsen & Toubro | 4,020.80 | -1.75% |
| JSWENERGY | JSW Energy | 563.20 | -1.10% |
| SBILIFE | SBI Life Insurance | 1,772.00 | -1.06% |
| INDUSINDBK | IndusInd Bank | 932.95 | -0.92% |
| KOTAKBANK | Kotak Mahindra Bank | 397.35 | -0.77% |
52-Week High & Low
Near 52-Week High
ADANIPORTSAdani Ports & SEZ
1,869.80−0.63%
PIDILITINDPidilite Industries
1,603.20−1.08%
APOLLOHOSPApollo Hospitals
8,648.00−1.39%
GRASIMGrasim Industries
3,155.00−1.41%
Near 52-Week Low
No stocks within 2% of their 52-week low.
Session Close Surveillance
16:15 ISTMarket Close & Portfolio Surveillance
Session Summary
Reliance Industries presents a genuine sell signal due to underperformance and bearish indicators, while IT sector alerts for TCS and Infosys are deemed noise amidst short-term bounces.
Alerts(1)
Portfolio Scan
| Ticker | Price | Change | Note |
|---|---|---|---|
RELIANCE Reliance Industries | ₹1,303.5 | -0.34% | -0.3% vs prev close, vol 1.2x avg — flags: below 50DMA support |
TCS Tata Consultancy Services | ₹2,068.1 | +4.31% | +4.3% vs prev close, vol 1.3x avg — flags: below 50DMA support |
INFY Infosys | ₹1,040.9 | +5.64% | +5.6% vs prev close, vol 1.4x avg — flags: below 50DMA support |
HDFCBANK HDFC Bank | ₹795.9 | -0.03% | -0.0% vs prev close, vol 1.0x avg |
ICICIBANK ICICI Bank | ₹1,400 | +1.46% | +1.5% vs prev close, vol 1.1x avg |