Sensex gains 87 points, Nifty slips below 25,150
The Indian stock market had a mixed day on Tuesday (July 2, 2024): Sensex closed 87 points higher at 81,876.81, while Nifty slipped below 25,150 after a strong start.
Profit-taking in banking, FMCG, and metal stocks—like Axis Bank and Tata Motors—dragged some indices down.
Bank Nifty dropped about 200 points from its peak.
FIIs sold shares worth ₹313.77 crore on Monday
If you're tracking the markets or just curious about your investments, today's moves show how quickly things can swing—especially around key events like derivatives expiry.
Even though foreign investors sold shares worth ₹313.77 crore on Monday, domestic investors stepped in with big buys (₹5,036 crore), helping steady the ship.
What do we expect next?
The main drivers were traders adjusting positions before the weekly Nifty derivatives expiry and investors locking in recent gains after three days of market advances.
With global uncertainty still making FIIs cautious sellers and October often seeing choppy trading, expect more ups and downs ahead for Nifty—especially near the crucial 25,000 mark.