Short-Term Stock Recommendations: Maruti, Tata Steel Among Top Picks for Next 1-2 Weeks by Anand Rathi's Jigar Patel

Market Update: Nifty 50 Rises for Third Consecutive Session

The domestic market benchmark Nifty 50 rose for the third consecutive session on Friday, 3 July, wrapping up the week with a gain of nearly 1%. This marked the fourth consecutive weekly gain for the index as sentiment improved amid easing geopolitical risks, declining crude oil prices, and reduced foreign capital outflow.

In the cash segment, foreign portfolio investors (FPIs) bought Indian equities worth ₹1,355.33 on Friday. So far in July, FPIs have bought Indian stocks worth ₹708 crore, as per NSDL data.

On the technical front, the Nifty 50 broke out above the crucial 24,250 resistance, ending at 24,270.85 on Friday. According to Jigar S. Patel, Senior Manager of Equity Technical Research at Anand Rathi Share and Stock Brokers, this breakout significantly strengthens the bullish technical structure and suggests that the index could gradually move towards the 24,400–24,600 zone, where some profit booking or temporary consolidation cannot be ruled out.