Indian benchmark indices snapped a two-day losing streak to end with healthy gains on July 1, supported by broad-based buying in auto, FMCG, realty, and financial stocks, while IT shares remained under pressure following weaker-than-expected Q1 guidance from KPIT Technologies.

After opening on a positive note in the first session of the July series, the benchmarks extended their gains throughout the day, with the Nifty hitting an intraday high of 24,049.90 before settling near the day's high. Positive global cues, strong monthly auto sales, and gains in heavyweight FMCG stocks further supported market sentiment, although losses in IT stocks capped the upside.

At close, the Sensex was up 443.97 points or 0.58 percent at 76,922.64, and the Nifty was up 140.10 points or 0.59 percent at 24,005.85.

The broader indices also ended higher with Nifty Nifty midcap and smallcap indices rising 0.3 percent each.

Eternal, Adani Enterprises, Nestle India, HUL, Asian Paints were among top gainers on the Nifty, while losers were HCL Technologies, Tech Mahindra, TCS, Hindalco Industries and Tata Steel.

On the sectoral front, realty index up 3.5%, FMCG and media indices added 2% each, auto and PSU Bank indices rose 1% each. On the other hand, IT index shed 2%, while metal index down 1% and pharma index down 0.5%.

More than 160 stocks touched their 52-week high on the BSE, including Ather Energy, Krishna Institute, Marico, ACME Solar, Aegis Logistics, Cemindia Projects, Phoenix Mills, Acutaas Chemicals, Granules India, Star Health, Navin Fluorine, Ipca Laboratories, Piramal Finance, JB Chemicals & Pharmaceuticals, Ajanta Pharma, Minda Corporation, Gujarat Fluorochemicals, Aurobindo Pharma, Welspun Corp, and Laurus Labs, among others. Click to View More

Among individual stocks, Kotak Mahindra Bank shares ended higher after signing a definitive agreement to acquire Deutsche Bank's retail banking. Shares of Ashok Leyland jumped 2.7% after strong June month sales.

Hexaware Technologies advanced 6.6% after launching Tensai for Reasoning Ops, while shares of KPIT Technologies plunged more than 16% after lowering its Q1FY27 outlook.

Mahindra and Mahindra climbed 2% after reporting a 37% year-on-year increase in total automobile sales for June and shares of VA TECH WABAG gained 3.5% after securing a major contract in Vienna, Austria. Railtel Corporation of India shares jumped 3% on winning work order worth Rs 107.6 crore from Mahanadi Coalfields.

The Indian rupee extended its losing streak for a third consecutive session, settling 58 paise lower at 95.24 against the US dollar on Wednesday, compared with the previous close of 94.66.

New Listings

Advit Jewels shares ended 5% lower after making a strong stock market debut on Wednesday. The stock listed at Rs 188.90 on the NSE, a 36.88% premium over its IPO price of ₹138 per share. The company's Rs 165.16-crore public issue was priced in the range of Rs 130–138 per share.

Meanwhile, Waterways Leisure Tourism shares ended 3% lower after a weak market debut. The stock listed at Rs 681 on the NSE, a 15.72% discount to its IPO price