Stock Market Today, June 29, 2026: Sensex Slips 50 points, Nifty Flat at Opening; Iran War Flare-Up and Rising Oil Keep Sentiment in Check

Mumbai, June 29: Indian equity markets opened on a cautious note on Monday, with the Sensex and Nifty 50 barely in the green before slipping into modest negative territory in early trade, as a weekend resumption of hostilities between the United States and Iran rattled investor sentiment and sent oil prices edging higher.  

The fragile peace that had briefly pushed Brent crude back to pre-war levels last week showed fresh cracks over the weekend, with Iran launching missiles and drones at U.S. military sites in Kuwait and Bahrain, prompting renewed U.S. strikes and reviving fears over the Strait of Hormuz supply corridor.  

At 9:29 am, the BSE Sensex was trading at 77,041.89, down 58.58 points or 0.08% from its previous close of 77,100.47, while the Nifty 50 was at 24,069.85, up a marginal 13.85 points or 0.06% from its previous close of 24,056.00, reflecting a split and directionless open as investors waited for clarity on the geopolitical situation. 

The Iran war remained the dominant macro overhang heading into Monday’s session. Iran and the United States agreed on Sunday to halt recent hostilities and renew talks regarding the Strait of Hormuz dispute, with a U.S. official confirming that both sides would stand down and vessels could move freely under the terms of the June 17 memorandum of understanding. However, the agreement came only after Iran had launched missiles and drones at American military bases in Kuwait and Bahrain early Sunday, hours after President Donald Trump threatened that Iran would cease to exist if it did not honour the interim peace accord. Technical talks are scheduled to resume Tuesday in Qatar, but with the IRGC warning that U.S. strikes had violated the ceasefire and threatened that American bases in the region would “experience hell in the coming days,” investor confidence in a durable resolution remained fragile. 

Gainers & Losers 

Among the top five gainers on the Nifty in early trade, Dr Reddy’s Laboratories led the pack, with its LTP at Rs 1,401.30 against a previous close of Rs 1,350.50, a gain of 3.76%, followed by Trent, which was trading at Rs 3,284.10 versus a previous close of Rs 3,216.20, up 2.11%. Shriram Finance gained 1.86% to Rs 1,051.00 from Rs 1,031.80, while Eternal advanced 1.45% to Rs 258.85 from Rs 255.15, and Max Healthcare edged up 1.31% to Rs 1,138.05 from Rs 1,123.35.  

On the losing side, Kotak Mahindra Bank was the sharpest decliner, falling 2.59% to an LTP of Rs 398.40 from a previous close of Rs 409.00, followed by Adani Enterprises, which slipped 1.66% to Rs 2,987.50 from Rs 3,038.00. IndiGo fell 1.20% to Rs 5,384.60 from Rs 5,450.00, M&M declined 1.11% to Rs 3,146.80 from Rs 3,182.20, and Adani Ports slipped 1.00% to Rs 1,778.00 from Rs 1,796.00. 

Broad Markets & Sectoral Indices 

Broad market indices were trading in the red across the board in early trade. The Nifty 100 fell 0.09% to 25,091.00, the Nifty 200 declined 0.12% to 13,874.95, and the Nifty 500 slipped 0.18% to 23,072.00, reflecting broad-based selling pressure below the large-cap surface. The Nifty Smallcap 100 was the notable underperformer among broader indices, falling 0.66% to 18,665.70.  

Among sectoral indices, Nifty Healthcare led the gainers, rising 0.91% to 16,108.30, supported by Dr Reddy’s sharp advance, while Nifty Pharma added 0.86% to 25,184.90 and Nifty Financial Services Ex-Bank gained 0.60% to 31,806.80. On the losing side, Nifty IT fell 0.66% to 27,151.65, extending its 30-day decline of 6.63% and year-on-year drop of 30.06%, while Nifty Energy declined 0.73% to 39,347.35 as oil and gas names came under pressure, and Nifty India Defence dropped 0.94% to 9,307.35. 

Oil Prices 

Oil prices reflected the renewed unease, with Brent crude futures climbing 0.8% to $72.57 a barrel and U.S. West Texas Intermediate rising 1.3% to $70.11 a barrel in early Asian trade on Monday. The uptick followed Brent’s sharp 10.6% decline last week, its third consecutive weekly drop, as tanker traffic through the strait had recovered before weekend attacks slowed it again.  

Asian Markets 

Asian markets were trading mixed on Monday morning, with a clear risk-off tone in several regional bourses. Japan’s Nikkei 225 fell 1.09% to 68,605.97 and Indonesia’s JSX Composite dropped 1.72% to 5,896.13, while Thailand’s SET Index declined 1.04% to 1,542.34 as the renewed Iran escalation weighed on sentiment. Hong Kong’s Hang Seng bucked the trend to rise 0.98% to 22,894.60, and China’s Shanghai SE Composite added 0.19% to 4,035.04, while Australia’s ASX All Ordinaries edged up 0.09% to 8,972.10. 

US Markets on Friday Close 

U.S. markets ended Friday’s session on a broadly negative note, with the Dow Jones Industrial Average slipping 0.09% to 51,876.11, the S&P 500 dipping 0.05% to 7,354.02, and the Nasdaq Composite falling 0.24% to 25,297.62 as technology stocks faced continued selling pressure. The NYSE Composite provided a counterpoint, gaining 0.33% to 23,689.23, while Canada’s S&P/TSX Composite also advanced 0.37% to 34,980.00, suggesting selective resilience in energy and materials names even as Wall Street’s major indices slipped. 

Indian Markets on Thursday Closing 

Indian benchmark indices surrendered most of their intraday gains on Thursday to close modestly higher, as selling in metal, energy, and IT stocks offset strength in auto and FMCG shares. The Sensex rose 109.25 points, or 0.14%, to close at 77,100.47, while the Nifty 50 gained 34.35 points, or 0.14%, to settle at 24,056.00, after briefly trading at significantly higher levels during the session. Markets had opened on a firm note aided by easing crude oil prices and positive global cues, but momentum faded through the day as investors booked profits across heavyweight sectors, causing benchmark indices to erase most of their early gains by the closing bell. 

Source:

• NSE, BSE as of 9:29 am IST, June 29, 2026. Reuters. Asian and US market data as of Monday morning/Friday close. 
• https://www.reuters.com/world/asia-pacific/us-carries-out-fresh-strikes-against-iran-after-tanker-struck-hormuz-escalating-2026-06-27/ 
• https://www.reuters.com/markets/stocks/asia-pacific/