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Daily market wrap · Thursday, 2 July 2026
~2 min read

Nifty +0.7%; IT leads, Stage-2 cohort at 34.7%

Breadth improving, 210 new highs, Health Care and Financials expanding fastest — six fresh breakouts on the screen
Stage2Stocks Market Desk
Nifty 50
24,176
+0.7% on the day
Regime
Weak but recovering
22th day · neutral-to-up
Breadth
44%
above 200-DMA · narrow
Adv / Dec
1,415 / 794
advancers ahead
52w highs / lows
210 / 52
net +158
Stage-2 share
35%
cohort widening

Nifty 50 closed at 24,175.7, up 0.7% on the day, though it remains below its 200-day average and 8.2% off its 52-week high. The regime is weak but recovering, with the near-term read neutral-to-up — a condition that has held for 22 consecutive days. Advancers led decliners 1,415 to 794, and 210 stocks printed new 52-week highs against 52 new lows, a net of plus 158. The tape is narrow but improving.

Sector rotation and Stage-2 breadth

Information Technology led all sectors on the day, up 3.3%, though over three months it remains one of the weakest sectors with only a 2.5% return. Real Estate was the second-best sector today at plus 1.4% and continues to dominate the medium-term picture — up 10.2% over one month and 29.4% over three months. Materials added 1.0% on the day.

The Stage-2 advancing cohort now stands at 34.7% of the NSE universe, widening by 1.2 over five days, 13.5 over 20 days, and 28 over 60 days. Over the last five sessions, 58 stocks moved from Stage 1 into Stage 2 against 23 moving from Stage 2 into Stage 3 — a net of plus 35. Health Care, Financials, and Materials are the sectors where the Stage-2 cohort is expanding fastest over the past 20 days, with Health Care already at 46.8% Stage-2 participation. Seven golden crosses printed today against one death cross.

Standout movers and screening results

The highest-volume moves of the day came from smaller names. Control Print Ltd, in Information Technology, rose 12.5% on volume running at 167 times its average — the most extreme volume reading of the session. Onmobile Global Ltd, also in IT, gained 20.0% on 21.7 times average volume. Commercial Syn Bags Ltd in Materials surged 19.4% on 46.1 times average volume, and IFGL Refractories Ltd in Industrials added 16.8% on 31.3 times average volume. All four cleared the high-volume screen; the app tables show full setup detail.

Among fresh breakouts, Borosil Renewables Ltd in Consumer Discretionary carries the highest setup score at 7.0, followed by Travel Food Services Ltd in Industrials at 6.6 and Electronics Mart India Ltd in Consumer Discretionary at 5.9. On the sustained-setups screen, Va Tech Wabag Ltd in Utilities tops the list at 9.6, with MSTC Ltd and Beta Drugs Ltd both at 9.4. The full breakout and transition tables are below.

Leading Stage-2 setups
StockSectorSetup% 1D
Borosil Renewables LtdConsumer Discretionary7.0+1.7%
Travel Food Services LtdIndustrials6.6+0.9%
Electronics Mart India LtdConsumer Discretionary5.9+7.1%
Alkali Metals LtdMaterials5.8+3.6%
Asahi Songwon Colors LtdMaterials4.1+0.9%
Hemisphere Properties India LtdReal Estate3.2+1.4%
Sector performance — cap-weighted, ranked by today’s move
Sector1D1M3MRSStage 2
Information Technology+3.3%-8.8%+2.5%3225%
Real Estate+1.4%+10.2%+29.4%4217%
Materials+1.0%-1.6%+14.0%6739%
Consumer Discretionary+1.0%+5.3%+16.2%6633%
Consumer Staples+0.8%+3.7%+11.2%5636%
Health Care+0.6%+7.0%+19.5%7247%
Financials+0.3%+7.8%+9.6%5935%
Industrials+0.2%+5.8%+27.5%6838%
Energy+0.2%-0.1%-2.6%5436%
Utilities+0.1%+0.1%+10.7%6434%
Communication Services+0.1%+3.7%+15.4%5919%
Breadth note
210 stocks are at or near new 52-week highs today — broad participation.
Work the same data live: open the full stock screener, watch the live market dashboard, or check the market-timing regime read. New to the method? Start with the four stages.

Stage2Stocks is an educational stage-analysis screener. These wraps describe what the screen shows across NSE cash equities — they are not investment advice, recommendations, or buy/sell calls. Always do your own research.

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