Tue Jul 01 03:40:00 UTC 2025: Okay, here’s a news article summarizing the provided text:
**Indian Stock Market Starts July Strong, Fueled by Global Cues**
**Mumbai, July 1st** – The Indian stock market kicked off the new month on a positive note, buoyed by positive cues from Wall Street and mixed signals from Asian markets. At 9:35 AM, the Bombay Stock Exchange (BSE) Sensex was trading at 83,816, up 210 points. The National Stock Exchange (NSE) Nifty 50 also saw gains, rising 64 points to reach 25,581.
Asian Paints emerged as a top gainer on the Sensex, climbing 2.26%, while Axis Bank lagged, experiencing a 0.88% decline.
The market opened with the Sensex at 83,685, up 79 points, and the Nifty 50 at 25,551, a 34-point increase. This followed a mixed day in Asian markets, with Japan’s Nikkei 225 and Topix indices declining, while South Korea’s Kospi and Kosdaq saw gains. Wall Street closed at record highs overnight, with the S&P 500 and Nasdaq reaching new closing peaks. The Dow Jones Industrial Average also saw a significant increase.
The GIFT Nifty was trading around 25,635, indicating a slightly positive start for the Indian market, showing premium of 20 points for Indian market.
On Monday, the Indian market had snapped a four-day winning streak, with the Sensex closing down 452.44 points and the Nifty 50 falling by 120.75 points.
In other news, the White House confirmed that the U.S. and India are nearing a trade agreement. India’s fiscal deficit for April-May FY26 stood at ₹13,163 crore, a mere 0.8% of the full-year target.
Crude oil prices edged lower amid expectations of increased OPEC production in August, while spot gold prices rose. The dollar index continued its decline, nearing four-year lows against the Euro.
First Piper 