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 Brief
Daily Brief - Thu, 2 Jul, 2026, 11:43 IST
Market Outlook
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.
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.
Mid-Session
Mid-Session - Thu, 2 Jul, 2026, 16:34 IST
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 |