Nifty Top Gainers and Losers on July 2: Tata Steel, JSW Steel Outperform; Shriram Finance, HDFC Life Slide
- 2nd July 2025
- 05:00:00 PM
- 3 min read
Mumbai | July 2 – Indian equity benchmarks ended lower on Tuesday amid weakness in financials and realty stocks, as global cues turned cautious and foreign fund outflows continued to weigh on sentiment.
The BSE Sensex fell 287.60 points or 0.34% to close at 83,409.69, while the NSE Nifty 50 declined 88.40 points or 0.35% to 25,453.40. Mid and small-cap indices also saw profit booking after a strong rally in recent sessions.
The broader market momentum slowed, with the Nifty PSU Bank index ending down 0.83%, snapping its six-day winning streak. The Nifty Midcap 100 also halted its eight-session rally.
Nifty 50: Top Gainers and Losers – July 2
| Company | % Change |
| Tata Steel | 3.68% |
| JSW Steel | 2.78% |
| Asian Paints | 2.40% |
| UltraTech Cement | 1.64% |
| Maruti Suzuki | 1.39% |
| Shriram Finance | -2.85% |
| HDFC Life Insurance | -2.57% |
| IndusInd Bank | -2.54% |
| Bajaj Finserv | -2.18% |
| Larsen & Toubro (L&T) | -1.99% |
Steel Stocks Rally on Global Cues
Metal stocks led the gains:
- Tata Steeljumped 68% on renewed optimism in global steel demand and a recovery in Chinese industrial activity.
- JSW Steelsurged 78%, tracking firm global prices and sectoral tailwinds.
Paints, Cement, Auto Hold Firm
- Asian Paints rose 2.40%, supported by easing input costs and stable demand.
- UltraTech Cement gained 1.64% on infrastructure-led optimism.
- Maruti Suzuki rose 1.39%, helped by upbeat monthly sales and improving rural outlook.
NBFCs and Banks Lead Decline
Financials dragged the index:
- Shriram Financeslipped 85%, the worst Nifty performer, as profit booking hit NBFCs.
- HDFC Life Insurancefell 57% and IndusInd Bank lost 2.54%, mirroring weakness across the financial space.
- Bajaj Finserv and L&T also came under pressure after recent gains.
FII Selling Drags Markets; DII Buying Offers Limited Support
Foreign institutional investors (FIIs) continued to pare exposure to Indian equities, offloading stocks worth ₹1,970.14 crore on a net basis. In contrast, domestic institutional investors (DIIs) extended their buying streak, purchasing equities worth ₹771.08 crore, providing some support to the market.
The broader market showed signs of fatigue after a strong run-up. A total of 65 stocks touched their 52-week highs, while 36 stocks hit one-year lows during the session. Meanwhile, 93 stocks were locked in upper circuits and 48 hit their lower circuit limits, indicating a mixed market sentiment with increased stock-specific activity.
Bottomline
The market’s pullback reflects a cautious undertone amid global uncertainty and persistent foreign fund outflows. Sectoral rotation remains a key theme, with metals and autos continuing to attract interest, while financials and real estate stocks faced selling pressure.
Going forward, investor focus will likely remain on key domestic macroeconomic indicators, the progress of the monsoon, and the upcoming earnings season. Volatility may persist as markets respond to global developments and data-driven cues.
PL Capital
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
