Stock Market Today 2026: Sensex, Nifty track Fed cues

Wall Street tone shifts ahead of the Fed

Wall Street traded with a split tone as investors weighed geopolitics against the Federal Reserve’s next policy decision. The backdrop included reduced optimism around a rapid reopening of the Strait of Hormuz, which shifted focus back to rates and guidance. The Dow Jones Industrial Average advanced 0.6% and notched a fresh all-time high, extending gains after a reported peace agreement between the US and Iran. In contrast, the S&P 500 and the Nasdaq Composite were described as lower in the same session, with the Nasdaq down about 1% as reported.

S&P 500 snapshot and top gainer

A separate index snapshot showed “S&P 500 derived” levels with the market marked as closed at 05:37 AM on Jul 01, 2026. The figures listed were 7,499.36, 7,508.29, and 7,438.04, alongside a move of +58.93 and +0.79%. In the “Top Gainers (S&P 500)” list as on Jul 01, 2026 01:30 AM, Axon Enterprise was highlighted at $160.61, up $10.01 or 9.79%.

Global markets rise on peace-deal headlines

Global equities also reacted to fresh information around a prospective U.S.-Iran peace deal. In Europe’s morning session, the Stoxx 600 was up 1.9%, while Germany’s DAX, France’s CAC 40, and Italy’s FTSE MIB were all up over 2%. London’s FTSE 100 gained about 1.5%. Asian markets reflected the same risk-on tone, with South Korea’s Kospi reported up 4.% and Japan’s Nikkei 225 up 2.8%, while India’s Nifty 50 was up 1.5% in that global snapshot.

Australia’s ASX 200 levels cited

Australia’s S&P/ASX 200 was referenced twice with different session points. One update said the index rose 1.98% to finish at 8,804. Another line later said the ASX 200 was up 1.54%. The reporting suggests broad participation in the rally, while also underlining that traders were tracking multiple intra-day updates across regions.

Indian open expectations: GIFT Nifty and global cues

India’s early cues were supported by easing oil prices and positive global leads in one of the live-update notes. GIFT Nifty was quoted at 23,510.50, up 81.30 points or 0.35%, indicating a positive start for the Nifty 50 and the Sensex. The same update noted that markets across Asia-Pacific rose after overnight gains on Wall Street. It also said the Dow ended higher by 390 points, while the S&P 500 and Nasdaq ended with gains of about a percent each.

Sensex and Nifty: mixed closes across sessions

Indian benchmark moves in the provided updates showed alternating optimism and pullbacks. One session ended with the Sensex up 50.15 points (0.06%) at 82,276.07, while the Nifty 50 rose 57.85 points (0.23%) to 25,482.50. Another update showed stronger gains, with the Sensex up 301.93 points (0.36%) at 83,878.17 and the Nifty 50 up 106.95 points (0.42%) at 25,790.25. A separate “LIVE Updates” line later showed declines, with the Sensex down 275 points (0.32%) to 84,391.27 and the Nifty 50 down 82 points (0.32%) to 25,758.

Fed decision in focus: early U.S. opening levels

U.S. traders were also positioned ahead of a Fed decision that was widely expected to deliver an interest rate cut, while remaining alert to potentially hawkish commentary on the path of future easing. At the opening bell in one update, the Dow rose 13.7 points (0.03%) to 47,573.96. The S&P 500 fell 7.0 points (0.10%) to 6,833.49. The Nasdaq Composite was down 40.5 points (0.17%) to 23,536.001.

Prediction-market signal mentioned for SPX

One section referenced a market mechanism that would resolve “Down” if the official S&P 500 (SPX) open on April 27 was lower than the most recent prior trading day’s close, and “Up” if higher. It stated the current market probability was 100% for “Down,” and explained that 100% implies the market collectively assigns a 100% chance to that outcome. The note did not provide the actual SPX open or the prior close in the excerpt.

Key numbers at a glance

Market impact and what investors tracked

Across the updates, the dominant drivers were geopolitics, oil sensitivity, and the Fed policy path. The peace-deal headlines supported risk assets globally, reflected in the Stoxx 600’s 1.9% rise and broad European gains above 2% in major indices. In India, the positive global mood showed up in a higher GIFT Nifty reading, but subsequent closes indicated choppy follow-through as traders balanced valuation support against reported FII selling and geopolitical uncertainty. In the U.S., the contrast between a record Dow and weaker readings for the S&P 500 and Nasdaq highlighted rotation and event risk ahead of the Fed.

Conclusion

The day’s tape showed how quickly focus can swing from geopolitics and oil to central-bank signalling. With the Fed decision and commentary still pending in the updates, markets were left trading on incremental headlines, index-level moves, and pre-open cues such as GIFT Nifty.