Sensex and Nifty Trade Higher on Strong Auto Sales and Softer Crude Prices

Mumbai, July 2: Indian equity markets traded higher on Wednesday, supported by strong auto sector performance and easing global crude oil prices, which boosted investor sentiment.

Benchmark indices Sensex and Nifty opened on a positive note and maintained gains through the session as buying interest was seen across key sectors, particularly automobiles and select banking stocks.

Market sentiment improved following robust monthly auto sales data, which signalled steady domestic demand. Additionally, a decline in crude oil prices helped ease concerns over inflation and import costs.

Broader markets also reflected positive momentum, with mid-cap and small-cap stocks participating in the upward trend.

Analysts noted that investor focus remains on global economic cues, crude oil movements, and upcoming corporate earnings for further direction in the markets.