On Friday, July 4, Indian benchmark indices ended in the green, snapping a 2-day losing streak, aided by up-moves in ICICI Bank and Infosys.
The Nifty 50 recovered over 100 points from the day’s low and settled near the day’s high. At the closing bell, the Nifty 50 ended up by 55.70 points or 0.22%, at 25,461. The Sensex jumped by 193.42 points or 0.23% to 83,432.89.
In a noteworthy development, SEBI has accused Jane Street of index manipulation via derivatives, with linked entities profiting ₹36,502 crore over two years.
On the sectoral front, 9 out of 11 key sectors ended in positive territory. Select IT stocks witnessed buying interest as the tech-heavy Nasdaq closed at a record high. Additionally, positive U.S. jobs data helped ease concerns about the economic outlook — a key development considering that IT companies derive a significant portion of their revenue from the U.S. Meanwhile, broader indices like the Smallcap and Midcap ended on a mixed note, closing mostly flat.
Among individual stocks,
The Securities and Exchange Board of India (SEBI) has issued an interim order against global quantitative trading firm Jane Street, accusing it of manipulating Indian stock indices through derivatives trading.
SEBI was examining the firm’s trading activity over the past three years. SEBI’s order highlights that four entities linked to Jane Street earned a combined profit of ₹36,502 crore (approximately $4.28 billion) across National Stock Exchange segments between January 1, 2023, and March 31, 2025, allegedly using strategies that distorted market integrity.
The Nifty Real Index surged by 0.91% on Friday, taking support from the 50-DEMA. Among its constituents, Raymond Real Estate gained over 5%. Meanwhile, the Nifty Metal Index fell by 0.42%.
The key drivers of the index gains were:
On the other hand, these stocks weighed on the index:
The broader market indices ended on a mixed note, the Nifty Midcap 100 index ended with a marginal loss of 0.01% and the Nifty Small-cap 100 index closed slightly up by 0.03%.
As of July 4, 2025, the Indian stock market witnessed Positive market breadth. Out of 3,020 stocks traded on the NSE, 1,578 advanced, 1,347 declined, and 95 remained unchanged.
A total of 59 stocks touched their 52-week highs, while 35 hit their 52-week lows. Additionally, 101 stocks were locked in their upper circuits, whereas 45 stocks were in lower circuits.
Disclaimer: The article is for informational purposes only and not investment advice.
For android only