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SENSEX JUMPS 507 PTS; FMCG SHARES IN DEMAND

Published on Jul 01, 2026 12:35

The key equity barometers traded with major gains in mid-morning trade. Nifty traded above the 24,000 level. FMCG shares jumped after declining in the past two trading sessions.

At 12:30 IST, the barometer index, the S&P BSE Sensex, jumped 507.24 points or 0.65% to 76,995. The Nifty 50 index surged 136.10 points or 0.57% to 24,026.50.

The broader market underperformed the frontline indices. The BSE 150 MidCap Index rose 0.10% and the BSE 250 SmallCap Index rallied 0.22%.

The market breadth was positive. On the BSE, 2,330 shares rose and 1,674 shares fell. A total of 194 shares were unchanged.

Economy:

India`s HSBC Manufacturing PMI eased to 54.2 in June from 55.0 in May. According to the seasonally adjusted HSBC India Manufacturing Purchasing Managers` Index (PMI)�a composite measure of overall business conditions based on new orders, output, employment, supplier delivery times, and stocks of purchases�the manufacturing sector recorded its second-weakest improvement since mid-2022, surpassing only March. Despite the moderation, growth remained robust and broadly in line with the series` long-run average.

Derivatives:

The NSE`s India VIX, a gauge of the market`s expectation of volatility over the near term, declined 1.34% to 13.42. The Nifty 28 July 2026 futures were trading at 23,961, at a premium of 88.1 points as compared with the spot at 24,026.50.

The Nifty option chain for the 28 July 2026 expiry showed a maximum call OI of 75.2 lakh contracts at the 24,000 strike price. A maximum put OI of 71 lakh contracts was seen at the 24,000 strike price.

Buzzing Index:

The Nifty FMCG index rose 1.70% to 49,621.45. The index fell 1.27% in the past two trading sessions.

Dabur India (up 4%), Nestle India (up 2.65%), Godrej Consumer Products (up 2.55%), United Breweries (up 2.32%), Hindustan Unilever (up 2.22%), Emami (up 2.16%), Varun Beverages (up 2.09%), Colgate-Palmolive (India) (up 1.83%), Marico (up 1.34%), and ITC (up 1.1%) jumped.

Stocks in Spotlight:

RITES zoomed 14.50% after it received a Project Management Consultancy (PMC) order worth Rs 175.41 crore from Babasaheb Bhimrao Ambedkar University (BBAU).

EPACK Durable added 3.25% after the company received approval from the Government of Andhra Pradesh for a tailor-made incentive package under the Mega Category of the Andhra Pradesh Electronics Manufacturing Policy (4.0).

Steel Strips Wheels (SSWL) added 4.91% after the company reported a net turnover of Rs 479.87 crore for June 2026, marking a 36.84% year-on-year (YoY) increase compared to Rs 350.67 crore recorded in June 2025.

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