Stock Market Today, June 30, 2026: Sensex, Nifty Open Lower as Iran Accuses US of Ceasefire Violation; IT and Auto Stocks Drag

Mumbai, June 30: Indian equity benchmarks opened lower on Tuesday, extending Monday’s losses, as Iran accused the United States of violating the fragile ceasefire agreement that has held since June 17, reviving concerns over a wider escalation in the Middle East.  

The BSE Sensex was trading at 76,562.66, down 165.71 points or 0.22%, as of 09:35 am, while the NSE Nifty 50 slipped 65.60 points or 0.27% to 23,880.65 as of 09:37 am. The losses came on top of Monday’s 0.46% decline in the Nifty, when the index had closed below the psychologically important 24,000 mark for the first time in two sessions, as renewed geopolitical tensions in West Asia and rising crude oil prices weighed on sentiment across the auto, banking and IT counters even as pharmaceutical and metal stocks managed to buck the trend. 

Gainers & Losers 

Among individual stocks, Nestle India led the gainers’ list, rising 0.89% to a last traded price (LTP) of Rs 1,399.60 from Monday’s previous close of Rs 1,387.30, followed by Axis Bank, which advanced 0.82% to Rs 1,367.90 against its previous close of Rs 1,356.80. Maruti Suzuki gained 0.79% to trade at Rs 13,518, up from a previous close of Rs 13,412, while Sun Pharma rose 0.78% to Rs 1,889.40 compared with its prior close of Rs 1,874.80, and IndiGo operator InterGlobe Aviation added 0.62% to Rs 5,348, up from Rs 5,315.20 a session earlier.  

On the losing side, Eicher Motors was the steepest decliner, falling 5.95% to an LTP of Rs 6,984.50 from a previous close of Rs 7,426, followed by Tata Consumer Products, which dropped 2.77% to Rs 1,082 against its prior close of Rs 1,112.80. TCS slid 2.71% to Rs 2,041.10 from a previous close of Rs 2,097.90, Infosys fell 2.63% to Rs 1,009.40 compared with Rs 1,036.70 a session earlier, and Wipro shed 1.45% to Rs 172.94, down from its previous close of Rs 175.48. 

Broader Markets & Sectoral Indices 

Broader markets traded weaker in line with the benchmarks, though pockets of strength persisted in the small-cap space, while sectoral indices showed IT and auto bearing the brunt of the selling even as pharma and PSU bank counters held up better. Among broad market indices, the Nifty Smallcap 50 was the lone notable gainer, up 0.34% to 9,266.75, followed by the Nifty Smallcap 100, which rose 0.22% to 18,713.95, and the Nifty Smallcap 250, which added 0.08% to 17,634.30, even as most other broad indices slipped into negative territory. 

On the losing side, the Nifty Midcap Select fell 0.18% to 14,341.65, the Nifty 100 declined 0.29% to 24,904.25, and the flagship Nifty 50 itself was down 0.31% at 23,870.95, reflecting broad-based weakness across the large-cap and mid-cap segments. 

Among sectoral indices, the Nifty Capital Markets index gained 0.44% to 5,477.45, the Nifty Realty index rose 0.13% to 819.95, and the Nifty India Defence index added 0.20% to 9,409.90, marking some of the few pockets of strength in an otherwise weak sectoral landscape. The steepest sectoral declines came in the Nifty IT index, which tumbled 1.87% to 26,532.40, the Nifty Auto index, which fell 1.08% to 26,131.20 after Monday’s sharper 2% drop, and the Nifty Metal index, which slipped 0.56% to 12,475.25, underscoring the broad-based pressure on rate-sensitive and export-oriented sectors amid the renewed geopolitical uncertainty. 

Iran Accuses US of Ceasefire Violation 

Iranian and US negotiating teams were due in Doha this week, but Iran said on Monday no meeting had actually been scheduled, even as weekend missile fire from both sides tested the fragile interim ceasefire meant to end the four-month-old war. Iran’s Foreign Ministry has accused the United States of violating the June 17 ceasefire agreement following the exchange of fire, deepening doubts over whether the 14-point memorandum of understanding to extend the truce, discuss Iran’s nuclear program and negotiate a permanent settlement can hold. Foreign Ministry spokesperson Esmaeil Baghaei reiterated that there would be no negotiation meetings with the American side in the coming days, even as Washington dispatched a delegation led by Jared Kushner and Steve Witkoff to the region. The disagreement over whether the two sides would even meet underscores the fragility of the truce that has disrupted global oil flows through the Strait of Hormuz and continues to pose a political challenge for President Trump ahead of November’s congressional elections. 

Asian and US Markets 

Asian markets were broadly weak in Tuesday’s morning session, with Hong Kong’s Hang Seng index down 1.09% and Indonesia’s Jakarta Composite falling 1.28%, even as Japan’s Nikkei 225 bucked the trend to rise 0.93%. Overnight, all major US benchmarks ended Monday’s session higher, with the Nasdaq Composite surging 2.07% and the S&P 500 advancing 1.18%, as Wall Street shrugged off the Middle East tensions that weighed on Indian and Asian markets. 

Oil Prices 

Oil prices fell on Tuesday as investors focused on the prospect of US-Iran talks in Doha, even as the weekend exchange of missile fire raised fresh doubts over the durability of the ceasefire. Brent August crude futures, which expire on Tuesday, were down 1.03%, or 75 cents, at $72.40 a barrel, while the more actively traded September contract slipped 0.54%, or 40 cents, to $73.51 a barrel. US West Texas Intermediate fell 0.66%, or 47 cents, to $70.32 a barrel, as markets priced in cautious hope for de-escalation even though tangible signs of normalisation in Strait of Hormuz shipping flows remained elusive. 

Monday’s Closing 

Indian benchmark indices had snapped a two-session winning streak on Monday, with the Nifty closing below the 24,000 mark as selling in auto, banking and IT stocks outweighed gains in pharmaceutical and metal counters. The Sensex fell 372.10 points, or 0.48%, to settle at 76,728.37, while the Nifty 50 declined 109.75 points, or 0.46%, to end at 23,946.25. Market breadth remained weak, with 2,471 stocks declining, 1,681 advancing and 202 remaining unchanged on the NSE. 

Source

• bseindia.com
• nseindia.com