Sensex, Nifty Rise 0.5% at Pre Open As Benchmarks Set for Positive Start

Mumbai, June 30: Indian shares traded higher at pre-open signalling a positive start for benchmarks as oil prices declined amid reports that the United States and Iran could resume talks in Doha, easing concerns over a further escalation in the Middle East. 

Nifty 50 rose 0.5% and Sensex advanced the same at pre-open while Gift Nifty increased 0.18%.  

HDFC Bank is likely to remain in focus after announcing two key leadership appointments aimed at strengthening its top management. The country’s largest private-sector lender has named former Finance Secretary and ex-Chief Election Commissioner Rajiv Kumar as its part-time chairman, bringing to a close the uncertainty surrounding the role after the previous chairman stepped down unexpectedly in March. 

Separately, the bank appointed Puneet Sharma as its chief financial officer with effect from December 1, 2026. Sharma joins HDFC Bank after serving for more than six years as CFO at Axis Bank. 

Spotlight will also be falling on Sterling and Wilson Renewable Energy which won a $560 million engineering, procurement and construction (EPC) contract for a solar power project in Egypt through a joint venture. Moreover, Rites entered into an agreement with Container Corporation of India (CONCOR) to provide consultancy services for logistics infrastructure projects. 

As for global cues, Asian equities traded mostly in positive territory on Tuesday, with technology stocks extending their rally. 

Japan’s Nikkei gained 0.9%, South Korea’s KOSPI climbed more than 1% and Taiwan’s benchmark surged over 3%, driven by continued strength in semiconductor and artificial intelligence-related stocks. Hong Kong’s Hang Seng, however, fell more than 1%, underperforming regional peers. 

Investors are also awaiting a series of key U.S. economic releases later this week, including the closely watched non-farm payrolls report, for fresh clues on the Federal Reserve’s interest-rate trajectory. 

U.S. stocks ended higher overnight, with technology shares leading the gains as easing geopolitical tensions and lower oil prices bolstered investor appetite for risk assets. 

The Nasdaq outperformed the broader market, while the S&P 500 also closed higher as investors rotated into growth stocks. 

Cooling oil prices also reinforced expectations that inflationary pressures could moderate, keeping hopes alive that the Federal Reserve may have room to ease monetary policy later this year. Even so, traders are refraining from making aggressive bets ahead of incoming economic data. 

European shares ended largely unchanged on Monday as gains in technology stocks offset caution ahead of key macroeconomic releases and lingering geopolitical uncertainty.

Technology counters tracked their U.S. peers higher, while investors continued to assess diplomatic efforts between Washington and Tehran. The prospect of renewed negotiations helped underpin market sentiment, though trading remained subdued as investors awaited fresh economic cues. 

Crude oil prices fell on Tuesday following reports that the United States and Iran may resume negotiations, easing concerns over potential supply disruptions in the Middle East. 

Brent crude moved closer to levels seen before the recent regional conflict as traders shifted their focus from geopolitical risks to underlying supply-and-demand fundamentals. Softer crude prices are a positive for India, helping lower import costs, ease inflationary pressures and improve the country’s macroeconomic outlook. 

Source

• Exchanges