IGI Logo

Below the Quote on markets 02nd July 2026 by Mr. Vikram Kasat, Head Advisory, PL Capital (Prabhudas Lilladher)

Weak Wall Street cues, crosscurrents on macros; rising USD index and bond yields offset by lower crude prices may dominate trade set up on Dalal Street. Indian indices may continue to see some more recovery and once IT names that are at extreme oversold zones stabilize both Sensex and Nifty may take on near term resistance zones. Meanwhile, participants may continue to scout for opportunities in broader markets on rotational basis ahead of start of Q1 results season.

Tug-of-War US Software and semiconductor stocks ripped the major U.S. indexes in two different directions. Chips won this time, and dragged the indexes down with them.

Nasdaq fell 0.7%. S&P 500 fell 0.2%. Dow Jones was down 14 points, or essentially flat.

Nifty 24005.85

Strong Support: 23800

Above views are of the author and not of the website kindly read disclaimer