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Trade Setup For July 1: Nifty Support Slips To 23,700 Amid Mixed Global Cues, IT Drag | Check Key Levels
If the benchmark fails to sustain above this level, the downtrend may continue towards 23,550, followed by 23,400 in the short term.
GIFT Nifty suggests positive opening for benchmark indices
The GIFT Nifty July 2026 futures currently traded 24.5 points higher, suggesting a positive opening for the benchmark index today.
INR settles lower as renewed geopolitical tensions hit investors' risk appetite
The Indian rupee pared initial gains and settled lower by 9 paise at 94.54 (provisional) against the US dollar on Monday, as renewed geopolitical tensions hit investors' risk appetite. The rupee opened on a positive note with crude oil prices remaining supportive and foreign inflows improving, but a renewed flare-up in geopolitical tensions after fresh military exchanges between the US and Iran dented investor sentiment. At the interbank foreign exchange market, the rupee opened at 94.36, then gained momentum and touched an intraday high of 94.25 and a low of 94.56 against the American currency. On June 29, 2026, the Indian stock market snapped its two-day winning streak with the benchmark indices ending lower. Nifty 50 declined by 109.75 points (0.46%) to close at 23,946.25.BSE Sensex slid by 372.10 points (0.48%) to close at 76,728.37.
INR rebounds in opening trades; Gains unlikely to hold
The Indian rupee appreciated in opening trades on Monday as a temporary pause in Middle East attacks and upcoming diplomatic talks in Qatar is supporting broader Asian currency markets. However, the rally is unlikely to sustain given broad strength in dollar and rebounding international oil prices. Besides, negative cues from equities are also likely to add pressure on the counter. INR opened at Rs 94.36 per dollar and hit a high of 94.25 so far during the day. On Thursday, the pair ended at 94.45 as Friday was a market holiday on account of Muharram. As of the morning trade on June 29, 2026, the Indian benchmark indices are trading flat, with the NSE Nifty 50 hovering around 24,056.00 and the BSE Sensex trading near 77,100.47.
Stocks to buy or sell: Dharmesh Shah of ICICI Sec suggests buying Kotak Mahindra Bank shares on 29 June
Indian benchmark indices opened mixed following a significant weekly winning streak. The Nifty 50 showed little change, while the BSE Sensex dipped slightly. Investors are cautious amid geopolitical tensions, with attention on US-Iran diplomatic efforts.
Six of top-10 firms add ₹88,678 crore in mcap, ICICI Bank biggest winner
The combined market valuation of 6 of the top-10 most valued companies went up by Rs 88,678.1 crore in a holiday-shortened last week, with ICICI Bank emerging as the biggest winner. Last week, the BSE benchmark Sensex climbed 297.57 points, or 0.38 per cent, and the NSE Nifty went up by 42.9 points, or 0.17 per cent. "Markets ended the holiday-shortened week with modest gains, advancing in three of the four trading sessions. Sentiment remained constructive, supported by easing crude oil prices, improving geopolitical developments in West Asia, and selective buying by foreign institutional investors (FIIs)," Ajit Mishra, SVP, Research, Religare Broking Ltd, said. While Reliance Industries, HDFC Bank, ICICI Bank, State Bank of India, Bajaj Finance and Larsen & Toubro were the gainers, Bharti Airtel, Tata Consultancy Services (TCS), Life Insurance Corporation of India (LIC) and Hindustan Unilever faced erosion from their valuation. The market valuation of ICICI Bank jumped Rs ...
Will Sensex, Nifty extend gains or turn volatile? Q1 updates, F&O expiry among 8 factors set to steer stock market this week
Indian markets head into a crucial week with investors tracking Q1 business updates, June F&O expiry, auto sales data, FII flows, crude oil prices, monsoon progress, US bond yields and key macroeconomic releases. While benchmark indices have remained resilient, profit booking in broader markets signals caution as traders assess domestic and global cues for the next leg of market direction.
Rajesh Palviya of Axis Sec suggests JSW Infrastructure, Ind-Swift Laboratories, Welspun Living shares to buy next week
The Indian stock market will remain closed on June 26 for the Muharram holiday. Benchmark indices extended their winning streak ahead of the holiday, with Nifty 50 closing at 24,056 and Sensex at 77,100.47, boosted by easing crude oil prices and supportive measures for the rupee.
Sensex, Nifty extend weekly gains as lower oil, RBI measures lift sentiment
Benchmark indices extended gains for a third straight week as easing crude oil prices, RBI measures and foreign inflows supported sentiment despite weak PMI data
Benchmarks hold their ground despite late profit booking
The benchmark indices ended marginally higher on Thursday, extending gains for a second straight session. The Nifty climbed to a more than one-month high of 24,261.60 around noon, supported by easing crude oil prices and buying in auto and FMCG stocks. However, profit booking in the second half erased most of the intraday gains, while weakness in metal, IT, oil & gas and energy stocks capped the upside. The Nifty still managed to close above the 24,000 mark. Broader markets underperformed, with the midcap and smallcap indices ending in the red.
Banking stocks propel Sensex, Nifty gains as RBI comments boost sentiment
Benchmark indices advanced as banking shares rallied on RBI clarifications, while easing crude prices and improving monsoon progress lifted investor sentiment
Nifty Outlook for June 24: Index aims to reclaim 23,800 after expiry-led sell-off
The Nifty opened on a subdued note and came under further pressure as a sharp sell-off across Asian markets weighed on investor sentiment. Sustained selling through the session dragged the benchmark lower, with the Nifty ending near the 23,800 mark.