Market Closing Today 02 July 2025: Nifty, Sensex End in Red Dragged by HDFC Bank & L&T; Metal Index Outshines, HDB Financial IPO Listing Gain

On Wednesday, July 2, Indian benchmark indices ended in red, dragged down by heavyweight HDFC Bank and Larsen & Toubro. Nifty slipped below the 25,500 mark, with investors keeping a close eye on developments around U.S.-India trade negotiations as the deadline nears. 

At the closing bell, the Nifty 50 ended down by 88.40 points or 0.35%, at 25,453.40. The Sensex jumped by 287.60 points or 0.34% to 83,409.69.

On the sectoral front, 5 out of 11 key sectors ended in positive territory. Meanwhile, broader indices like Smallcap and Midcap closed in red.

Stock-Specific Highlights

Among individual stocks,

• Shares of HDB Financial Services are listed at ₹835 per share on the NSE, a premium of 12.84% over its issue price. 
• Asian Paints shares slide 2% after CCI orders probe over alleged abuse of dominant position.
• Hero MotoCorp shares rise as June sales rise 10% on strong exports, EV push.

Nifty Metal - Top Gainer of the Day

The Nifty Metal Index surged by 1.37% on Wednesday, marking its second consecutive day of gains and hitting a fresh 9-month high. Tata Steel and SAIL gained over 3%. Meanwhile, the Nifty Realty Index fell by 1.47%.

Nifty 50: Top Pullers and Draggers of the Day

The key drivers of the index gains were:

• Bharti Airtel:  +9.42 points
• JSW Steel: +8.22 points
• Ultratech Cement: +7.32 points

On the other hand, these stocks weighed on the index:

• HDFC Bank: - 32.13 points
• Larsen & Toubro: -23.70 points
• Reliance Industries: -9.29 points

Broader Markets Negative

The broader market indices ended in red, the Nifty Midcap 100 index slipped by 0.14% and the Nifty Small-cap 100 index fell 0.41%. 

Market Breadth

As of July 2, 2025, the Indian stock market witnessed negative market breadth. Out of 3,028 stocks traded on the NSE, 1,205 advanced, 1,723 declined, and 100 remained unchanged. 

A total of 65 stocks touched their 52-week highs, while 36 hit their 52-week lows. Additionally, 93 stocks were locked in their upper circuits, whereas 48 stocks were in lower circuits. 

Disclaimer: The article is for informational purposes only and not investment advice.