Summary:
Indian markets traded higher on July 3, with IT stocks leading gains, while select power equipment stocks came under pressure. Aegis Vopak, Sumitomo Chemical India, and Zensar Technologies surged on strong volumes and corporate developments, whereas Power India, GE Vernova T&D India, and CG Power declined amid sector-wide selling. Investors remained focused on policy developments and sector-specific trends.
The Indian equity indices were trading in the green on July 3, aided by the bounce back in the performance of IT stocks, along with positive sentiment in the Asian markets. At around 12:00 PM, the Nifty50 was trading 178.95 points or 0.74% higher at 24,354.65, whereas the Sensex was trading 550.55 points or 0.71% higher at 78,052.67. The broad market too was witnessing positive sentiment, as the Nifty MidCap gained 0.21% and Nifty SmallCap gained 0.47%.
Aegis Vopak Share Price Jumps 10% on Leadership Change
One such stock that became a winner in the Nifty 500 is Aegis Vopak, where the share price of the company soared by 10% owing to the extremely high level of trading in the stock. As many as 41.5 lakh stocks have been traded on the NSE in the stock, which is quite more than the 30-day average volume of 8.6 lakh shares.
The company Aegis Vopak runs LPG & liquid storage terminals as well as offering logistics infrastructure solutions in India. The investor sentiments were boosted following the announcement made by the company regarding the appointment of Mr. Sukumar Nandi as the Head of the National Operations Division with effect from July 1, 2026.
Sumitomo Chemical Share Price Rallies 9% on Annual Report Update
Sumitomo Chemical India was yet another company which outperformed in the trading session, with a near 9% gain in the period. There was a spurt in volumes on the NSE exchange to 80.6 lakh against the 30-day average volume of 3.95 lakh.
This is an Agrochemicals and Crop Protection Products Manufacturer, House Insecticides and Animal Nutrition products company. This surge in price came after the announcement of the latest version of the FY26 Annual Report and sustainability report of the company.
Zensar Technologies Extends Rally as IT Stocks Rebound
Zensar Technologies sustained its positive performance after rallying by 9.7% in the previous day. Zensar Technologies stock surged by 7% on July 3rd and became one of the best performers in the Nifty 500 index.
Zensar Technologies is a medium-sized company dealing in IT services and digital transformation solutions belonging to the RPG group. There was a huge amount of buying interest in the stock, and the trading volume went up to 2.1 crore shares from the average of 20 lakh shares in the last 30 days. The rally can be attributed to the overall strength in the IT stocks, which rose by 2% for the second straight day after the recent correction.
Power India Share Price Falls Over 9%
The major losses were experienced by Power India, which fell 9.21% to ₹30,665. It is formerly known as Hitachi Energy India and specializes in offering power transmission, grid automation, and energy infrastructure services.
This significant fall was triggered by the selling of power equipment stocks following reports that the government exempted some Chinese companies manufacturing electrical equipment from participating in infrastructure tenders for two years.
GE Vernova T&D India Drops Nearly 9%
GE Vernova T&D India slumped 8.90% to ₹4,393.70, becoming yet another big loser of the day. It offers engineering solutions in the domain of power transmission and distribution equipment like sub-station and grid equipment.
The stock witnessed a sharp fall because of the same factor which was pressurizing the power equipment sector as a whole due to heightened competition from Chinese companies operating in the Indian market.
CG Power Slides Almost 7%
CG Power & Industrial Solutions fell by 6.87% to ₹893.45. CG Power & Industrial Solutions is engaged in manufacturing transformers, switchgears, motors, and other kinds of electric machinery.
However, unlike the companies that have risen during the trading session, there have been no such specific news about this company’s troubles. The fall in share price of this company has mainly been due to the poor performance of the power equipment sector.
Conclusion
A clear difference was seen on July 3 among various segments of the stock market. The information technology segment saw stocks like Aegis Vopak, Sumitomo Chemical India, and Zensar Technologies gaining traction due to corporate news, higher volumes, and positive market sentiments. In contrast, stocks from the power equipment segment like Power India, GE Vernova T&D India, and CG Power experienced severe falls due to policy concerns leading to wide-scale selling in the sector.
