Stock market closing today: Sensex rises 193 points, Nifty holds 25,400; IT, Pharma, Defence stocks gain

Indian equity markets closed with gains on Friday, July 4, recovering in the final hour of trade after a volatile session. The Nifty 50 managed to hold above the 25,400 mark, aided by strength in IT stocks and ICICI Bank, while the Sensex added 193 points to end at 83,433. The Nifty rose 56 points to settle at 25,461, while the Nifty Bank index climbed 240 points to 57,032.The broader market was mixed, with the Nifty Midcap 100 slipping 6 points to 59,678. Market breadth turned positive toward the close, aided by a rebound in key sectors such as IT, pharma, and select financials.

Among sectoral performers, IT stocks led the gains, followed by oil & gas, realty, and pharma. Bajaj Finance

emerged as the top Nifty gainer after a strong Q1 business update. ICICI Bank also contributed to the index’s strength.
On the flip side, Trent saw its steepest single-day fall in three months, plunging over 11% after a weak Q1 update.Capital market stocks came under pressure following SEBI’s order against four entities of the Jane Street group over alleged index manipulation. Shares of BSE and Angel One fell sharply, with BSE down 6%. Angel One also faced selling pressure due to a reported decline in market share for June.

City gas companies gained after the Petroleum and Natural Gas Regulatory Board (PNGRB) announced reforms in natural gas tariffs. Indraprastha Gas Ltd (IGL) rose nearly 3% on the news.

Defence stocks also saw buying interest after the Defence Acquisition Council approved several indigenous procurement proposals. Hindustan Aeronautics Ltd (HAL)

gained over 1%.

Paras Defence surged 10% after announcing a supply agreement with France’s CERBAIR, while Bosch extended its rally, rising 4% on reports of a potential merger of its unlisted subsidiaries.

Pharma stocks moved higher, tracking positive cues from the US tariff update, with the Nifty Pharma index up nearly 1%.

#MarketThisWeek | Market Snaps 2-week Gaining Streak, Nifty, Sensex Down 1% Each

Big Fall In Financial Heavyweights Keep The Mkt Lower This Week

Midcap Index Outperforms Benchmarks, Gains Nearly 1% Vs Fall For Benchmarks pic.twitter.com/RgMYZEAdXw

— CNBC-TV18 (@CNBCTV18Live) July 4, 2025

Globally, European markets traded lower amid concerns over the July 9 deadline for new US tariffs. France’s CAC 40 fell 0.9% after China imposed up to 34.9% tariffs on EU brandy. Germany’s DAX dropped 0.7% as factory orders declined more than expected.

Asian markets were mixed, with China ending higher while South Korea’s Kospi fell 2%, the worst performer in the region.

Investors now await further clarity on global trade developments and the impact of the US tax and spending bill.

With inputs from agencies