Notably, around 70 per cent of tyre production costs come from crude-linked raw materials like synthetic rubber and carbon black, which makes the industry highly sensitive to oil prices.
In the past 20 trading days, the Nifty IT index tanked 17 per cent, as against a 2.2 per cent rise in the Nifty 50 till Wednesday.
Technical analysts at SBI Securities and Choice Broking expect the Nifty to retest record highs around 26,350, and Sensex to rally toward 89,000 in an optimistic scenario.
Stocks to Watch today, July 2, 2026: Hero MotoCorp, Tata Technologies, Medi Assist Healthcare, and NLC India are among the top stocks to remain in focus during today's trading session.
Experts said that monsoon outcome will be a key event/risk as a weak monsoon can raise food prices and hurt rural demand. This could have an impact on sectors like FMCG, auto, and fertilisers.
Sectors to watch: As markets enter H2CY2026, analysts expect banks, defence, pharma, power, hotels and auto ancillaries to remain in focus.
Vedanta Iron & Steel up 10%, and Vedanta Power up 17% hit record highs in Wednesday's intra-day trade. Vedanta Oil & Gas was locked at the 20% upper circuit.
Kotak Institutional Equities said that the recent management changes at HDFC Bank, Axis Bank and Bandhan Bank appear to be driven by individual career considerations rather than bank-specific concerns
Adani Enterprises, Aurobindo Pharma, GMR Airports, Gujarat Flurochemicals, Oracle Financial Services and Star Health Insurance from BSE 500 stocks registered 52-week highs on Wednesday.
Airtel share price target: Morgan Stanley said the key catalyst for stronger earnings remains a tariff hike, which may be announced in November or December this year.
A combined 73.01 million equity shares representing 8 of Paisalo's total equity, changed hands and there were pending buy orders for 3.5 million shares on the NSE and BSE till 11:05 AM on Wednesday.
The rally followed the company's introduction of Tensai® for Reasoning Ops, described as the first generally available stage of its Tensai® Agentic ITOps platform.
Analysts at Emkay believe that MSC's stake buy in Adani Vizhinjam Port improves Adani Ports revenue visibility, can aid the volume trajectory and positions it to capture transshipment opportunities.
Aamar Deo Singh of Angel One said that it is still early to turn decisively bullish on FMCG and that "investors should wait for the monsoon outcome and further confirmation of a sustained recovery."
The average trading volumes on the RITES counter jumped over 10-fold with a combined 28.02 million shares, representing 5.8% of total equity changed hands on the NSE and BSE till 10:30 AM on Wednesday
VA Tech Wabag is backed by marquee investor Rekha Jhunjhunwala. As per the March 2026 quarter shareholding pattern, Rekha Jhunjhunwala owns 50,00,000 shares (8.2 per cent stake) of VA Tech Wabag.
As per the Q1FY27 business outlook, KPIT Technologies indicated a further deterioration in business momentum versus start of the quarter.
Waterways Leisure Tourism operates Cordelia Cruises, India's domestic ocean cruise brand, offering luxury cruise experiences across domestic and international destinations.
Advit Jewels shares kickstarted their maiden trading session at ₹188.90 apiece on the NSE, reflecting a premium of ₹50.90 per share, or 36.88 per cent, over the issue price of ₹138 per share
While analysts expect near-term headwinds due to commodity prices and El Niño, they believe markets will shift their focus from global developments to analysing domestic financial results more closely