Stock Market Mid-Day Report, June 30, 2026: Sensex, Nifty Trade Flat as Easing Oil Prices Offset Iran Ceasefire Worries; Maruti, Titan Lead Gainers

Mumbai, June 30: India equity benchmarks were trading flat at midday on Tuesday after recouping some losses as they extended their tepid run following Monday’s decline amid fresh concerns over a fragile Iran-U.S. ceasefire. Both Sensex and Nifty pared their morning losses after crude oil prices eased, but remained under pressure as investors adopted a cautious wait-and-watch stance on the geopolitical front with Iran and the U.S. set to dispatch negotiating teams to Qatar later this week. 

At 11: 37 am, the benchmark BSE Sensex traded at 76,697.20, down 31.17 points or 0.04%, while the NSE Nifty 50 traded 8.30 points or 0.03% lower at 23,937.95 as of 11:38 am. The indices pared their losses after slipping as much as 165.71 points and 65.60 points respectively in early trade when Iran announced violation of the ceasefire pact by U.S. Meanwhile, fresh buying supported benchmark indices on the domestic front after they declined for two consecutive sessions. 

Maruti Leads Pack of Gainers 

Maruti Suzuki was the top gainer on the Nifty 50, surging 4.61% to an LTP of ₹14,030 from its previous close of ₹13,412. Titan Company added 2.52% to ₹4,384.80 from ₹4,277.20 a session ago, Nestle India rose 1.90% to ₹1,413.60 against a previous close of ₹1,387.30 and Bharti Airtel gained 1.84% to ₹1,874.90 from ₹1,841.10. Tata Motors Passenger Vehicles (TMPV) was the fifth biggest gainer, rising 1.67% to ₹350.80 from its previous close of ₹345.05. 

Top Losers 

Eicher Motors was the worst performer on the Nifty 50, tumbling 3.75% to ₹7,147.50 from ₹7,426.00 a session ago. Tata Consumer Products slumped 2.93% to ₹1,080.20 against a previous close of ₹1,112.80. Tata Consultancy Services declined 2.46% to ₹2,046.30 from ₹2,097.90, Infosys plunged 2.43% to ₹1,011.50 from ₹1,036.70 and Wipro shed 2.11% to ₹171.77 from its previous close of ₹175.48. Shares of the Indian IT majors were under pressure after losing ground earlier in the day despite Sensex’s recovery. 

Strongest Broad Gainers 

The strongest performing broad market index was Nifty Smallcap 100, up 0.84% to 18,829.35 followed by Nifty Microcap 250 rising 0.81% to 25,088.75 and Nifty Smallcap 50 which gained 0.91% to 9,319.15. On the flip side, Nifty Midcap Select was the weakest among broad market indices but still managed to edge higher by 0.30% today, India VIX dipped sharply by 1.80% to 13.37 and Nifty 50 was flat at 23,943.95 down marginally by 0.01%. 

Sectoral Winners and Losers 

Sectorally, Nifty Realty was the top performer gaining 1.28% to 829.35, Nifty Consumer Durables rose 1.01% to 36,391.55 and Nifty Auto gained 0.69% to 26,600.85. Leading the laggards was Nifty IT which crashed 1.91% to 26,522.00 as stocks of Indian IT majors skidded lower dragged by global weakness, followed by Nifty Metal dipping 0.58% to 12,472.35 and Nifty FMCG declining 0.31% to 48,976.45. 

Iran-US Conflict 

Iranian and U.S. negotiating teams were scheduled to visit Qatar later this week, but Tehran said Monday that no talks had been planned, after the rivals traded missile fire over the weekend, testing a week-old interim ceasefire. U.S. President Donald Trump announced he would send Jared Kushner, his son-in-law, and Stephen Witkoff, a senior envoy, to lead the American negotiating team. Iran’s Foreign Ministry spokesperson Esmaeil Baghaei Ansari said on Monday there would be no negotiation meetings at any level with the Americans in coming days. “Neither we agreed to negotiate with them nor the talks are on the agenda,” Baghaei said, according to Reuters. Israeli Prime Minister Benjamin Netanyahu has not joined the Iran-U.S. peace talks and has kept his distance from the agreement, raising questions about how tensions could ease not only between Iran and the U.S. but across the wider Middle East, including Lebanon where Israel and Iranian-backed Hezbollah forces remain at odds. 

Asian Markets Mixed 

Asian markets were mixed on Tuesday morning with Japanese shares jumping and Vietnamese shares surging higher while Hong Kong stocks declined the most. Japan’s Nikkei 225 jumped 0.93% to 70,111.61 and Vietnam’s HNX 30 rallied 1.13% to 513.30, while Indonesia’s JSX Composite slipped 1.28% to 5,820.79 and Pakistan’s KSE 100 dipped 0.64% to 178,414.80. China’s Shanghai Composite edged 0.21% higher to 3,212.99 but Hong Kong’s Hang Seng Index slumped 1.09% to 22,775.06. South Korea’s Kospi Composite was down 0.55% at 22,048.53. Singapore’s Straits Times Index shed 0.21% to 2,695.40. 

US Stocks 

U.S. markets rallied on Monday after surging last week on positive sentiment around containing the coronavirus outbreak with gains across major indices. The Nasdaq Composite soared 2.07% to 25,820.14, the S&P 500 rose 1.18% to 7,440.43 and the Dow Jones Industrial Average advanced 0.59% to 52,182.74. Canada’s S&P/TSX Composite lagged with a 0.45% dip to 34,823.82 weighed down by weakness in energy and materials sectors after crude oil prices declined. European markets were mixed with Germany’s DAX down 0.40% but FTSE 100 in London gained 1.08%. 

Oil Prices Drop as Investors Await US-Iran Talks 

Oil prices fell on Tuesday as traders turned their attention to negotiations between U.S. and Iranian officials later in the week. Brent August crude futures, which expire Tuesday was down 1.03% or 75 cents at $72.40 a barrel while the more actively traded September contract was at $73.51 a barrel, down 0.54% or 40 cents. U.S. West Texas Intermediate crude traded at $70.32 a barrel, down 0.66% or 47 cents. Traders will keep an eye on negotiations between U.S. and Iran this week as they try to assess risk surrounding a fragile ceasefire after both sides traded missile attacks over the weekend. Iran said on Monday there were no talks scheduled between U.S. and Iran despite an official saying earlier that officials from both countries will meet in Doha later this week to discuss a potential permanent ceasefire. 

Markets opened flat today 

Indian equity benchmarks opened marginally lower on Tuesday extending declines from the previous session amid heightened geopolitical tensions after Iran accused the U.S. of violating the fragile ceasefire agreement that has held between the two countries since June 17. Iran’s accusation revives concerns about wider escalation in the Middle East after weekend missile exchanges between Tehran and Washington briefly interrupted the agreement brokered by Turkey and the UAE last week. 

Sensex was trading at 76,562.66 down 165.71 points or 0.22% as of 9: 35 am, while Nifty traded 65.60 points or 0.27% lower at 23,880.65 as of 9:37 am. 

Sources

• nseindia.com
• bseindia.com
• https://www.reuters.com/world/middle-east/mediators-set-up-de-escalation-channels-ahead-us-iran-talks-source-says-2026-06-29/
• https://www.reuters.com/markets/stocks/asia-pacific/