Why is market rising today? Sensex gains 600 points, Nifty above 24K. 3 key factors

Published 1 July 2026 · finance

The Indian stock market moved into the deep green on Wednesday, snapping a two session losing streak as positive global cues and other factors boosted

The Indian stock market moved into the deep green on Wednesday, snapping a two session losing streak as positive global cues and other factors boosted investor sentiment.Sensex gained over 600 points to 77,110, while Nifty 50 rose over 150 points to near 24,050 on Wednesday afternoon. This came as India VIX, which measures volatility in market, dropped around 2% to 13.37. The sharp gains added nearly Rs 2.5 lakh crore to the total market capitalisation of all companies listed on BSE, pulling it up to around Rs 477 lakh crore.Eternal shares rallied over 4% to lead gains on Sensex. Asian Paints, Adani Ports and Hindustan Unilever shares meanwhile gained around 3% each to follow. Bucking the trend, IT stocks including Tech Mahindra and HCL Technologies dropped 2-3% to lead losses.Broader markets however underperformed benchmark indices. Nifty Midcap 100 and Nifty Smallcap 100 indices are up around 0.2% each. Sectorally, Nifty FMCG and Nifty Realty gained around 2% each to lead gains, while Nifty Metal and Nifty IT dropped nearly 1% each. Around 1,914 stocks advanced on NSE, while 1,258 declined and 94 remained unchanged.Here are the key factors boosting the stock market today.1) Heavy buying in FMCG stocksThe sharp gains in the stock market were led by heavy buying in FMCG stocks.

The Nifty FMCG index jumped more than 2% today, snapping a two-session losing streak. Dabur shares rallied more than 5%, while those of Colgate Palmolive, Nestle India, Emami, Hindustan Unilever (HUL) and Godrej Consumer Products jumped around 3% each.Anand Rathi in its latest note said that revenue growth remained steady for most FMCG players in Q1FY27 and is expected to further accelerate due to recent price hikes. “Despite potential impact of El Nino on rural demand, we remain optimistic of steady volume growth along with moderate pricing power driving overall top line. Recent fall in the prices of crude/crude oil derivatives is likely to aid sectoral margin in the coming quarters. We like the consumer players with superior execution and potential earnings surprise i.e., Marico, GCPL and HUL in the largecap space, and Mrs Bector Foods and Zydus Wellness in small/midcap space,” it said.2) Global cuesThe sharp gains on Dalal Street comes after Wall Street ended the first half of 2026 ended on a positive note yesterday. The Dow Jones Industrial Average closed at a record 52,319.20, while the Nasdaq Composite climbed 1.52%.Japan’s Nikkei gained around 1% while China’s Shanghai Composite gained 0.44% South Korea’s Kospi however tumbled over 2%.3) Oil pricesWhile oil prices inched slightly higher, Brent crude futures continue to hover around $73 per barrel.