The Indian stock market is likely to begin trading on a flat note on Wednesday, July 1, in line with global market signals. Gift Nifty trends point to a subdued opening, with the index near 23,994, about 16 points below the prior Nifty futures close. On Tuesday, benchmarks extended declines during monthly derivatives expiry, leaving the Nifty 50 below 23,900. The Sensex fell 0.33 percent to finish at 76,478.67, and the Nifty 50 slipped 0.34 percent to 23,865.75. Among stocks in focus, HDFC Bank plans to name Jigar Shah as General Counsel. Kotak Mahindra Bank will purchase select retail, private banking, and wealth units of Deutsche Bank India for roughly 282 crore rupees. Coal India intends to spend nearly 1,900 crore rupees on research and development by 2030 to raise output and cut emissions. KPIT Technologies expects softer first-quarter results for fiscal 2027, with revenue projected to decline about 1 percent year on year.
