Market Opens Higher Despite Geopolitical Concerns
Indian stock markets opened with marginal gains on Thursday, July 1, 2026, as investors weighed the implications of the ongoing Iran-US deal negotiations. The BSE Sensex rose 0.15% to 58,200 points, while the NSE Nifty gained 0.12% to 17,350 points in early trade.
ETERNAL Shares Jump 2.5%
Shares of ETERNAL Ltd surged 2.5% in morning trade, leading the gainers on the BSE. The company's stock rose to ₹1,250, driven by strong buying interest. According to market analysts, the rally was attributed to positive investor sentiment ahead of the company's quarterly results.
Sectoral Performance and Global Cues
Banking and IT stocks were among the top gainers, with the Nifty Bank index up 0.3% and the Nifty IT index rising 0.2%. However, auto and pharma stocks faced selling pressure. Globally, Asian markets traded mixed as investors monitored the Iran-US deal developments. The US dollar weakened against major currencies, while crude oil prices edged higher amid supply concerns.
Expert Views
"The market is cautiously optimistic as the impact of the Iran-US deal remains uncertain. However, domestic fundamentals remain strong, and we expect the market to consolidate at current levels," said Vinod Nair, Head of Research at Geojit Financial Services.
