Stock Market News Today Highlights: Nifty Settles Below 24,000, Sensex Down 300 Points; Auto, IT Top Drags

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Stock Market News Today Live Updates: Kotak Mahindra Bank and M&M are top losers in Nifty: Kotak Mahindra Bank down almost 3%, M&M down over 2.6%. Nifty closes in red, snaps two-day gaining streak, down almost 0.4%.

Broader market closes in line with benchmark. Nifty Midcap 150 closes in red, down for second consecutive day, down over 0.1%. Persistent Systems and Astral are top losers in Nifty Midcap 150: Persistent Systems down almost 11.5%, Astral down almost  8%

Nifty Smallcap 250 closes in red, down almost 0.5%: Netweb Technologies & GSPL  are top losers in Nifty Smallcap 250, Netweb Technologies down over 9%, Asahi India Glass  down over 7%.

Nifty Settles Below 24,000, Sensex Down 300 Points; Auto, IT Top Drags

For more stock market updates read here: https://t.co/sXBh75Zzrd pic.twitter.com/tqnojdmvA7

— NDTV Profit (@NDTVProfitIndia) June 29, 2026

Stock Market News Today Live Updates: The rupee pared initial gains and settled lower by nine paise at 94.54 (provisional) against the US dollar on Monday, as renewed geopolitical tensions hit investors' risk appetite.

Forex traders said 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. At the end of Monday's trade, the rupee was quoted at 94.54 (provisional), down by 9 paise over its previous close.

"We expect the rupee to trade with a negative bias on renewed geopolitical tensions between the US and Iran. Overall strength in the US dollar on hawkish Fed may also pressurise the rupee.

"However, a decline in crude oil prices and easing concerns over inflation may support the rupee at lower levels. USDINR spot price is expected to trade in a range of 94.20 to 94.80," said Anuj Choudhary, Research Analyst, Mirae Asset ShareKhan.

Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading at 101.28, down 0.07 per cent. Brent crude, the global oil benchmark, was trading higher by 1.26 per cent at USD 72.90 per barrel in futures trade.

Iran again launched drone and missile attacks targeting Bahrain and Kuwait on Sunday following new US airstrikes against the Islamic Republic. Iran has threatened a "complete halt" in negotiations to end the war if Washington continues its attacks.

Meanwhile, India's forex reserves increased by USD 963 million to USD 672.587 billion during the week ended June 19, the RBI said on Friday. In the previous reporting week, the overall reserves had dropped by USD 9.985 billion USD 671.625 billion.

Stock Market News Today Live Updates: Sectors end in red except Nifty Pharma and Nifty Metal

Nifty Pharma is the top gaining sector today, up over 0.8%: Ajanta Pharma and Laurus Labs are the top gainers in Nifty Pharma, both up over 3.7%

Nifty Auto is the top losing sector today, down over 1.5%: Uno Minda and TVS Motor Co are top losers in Nifty Auto. Uno Minda down over 4%, TVS down over 3%

Nifty Metal snaps three-day losing streak, Nifty Fin serv, Nifty bank, Nifty FMCG, Nifty PSU Bank and Nifty Realty a snaps two-day gaining streak

Nifty IT and Nifty Oil & Gas down for the second consecutive day

Nifty sectoral map
Photo Credit: NSE

Stock Market News Today Live Updates: Sensex indicative closing shows the index settling down 386 points lower at 76,713.92. Nifty 50 trades 80 points lower at 23,975 ahead of closing bell. Broader indices have outperformed the frontline benchmarks during the session. Nifty Auto, IT, Media were the top drags, while Nifty Pharma, Healthcare and Metals were top gainers.

Stock Market News Today Live Updates: Gold fell on Monday as recent hostilities in the Gulf fueled inflation concerns that added to US Federal Reserve rate-hike expectations, pressuring the non-yielding metal.

Spot gold was down 0.9% at $4,049.90 per ounce. US gold futures for August delivery lost 0.8% to $4,063.50/oz. Bullion posted a 1.7% weekly decline on Friday and was on track for a fourth straight monthly loss of more than 10%.

Stock Market News Today Live Updates: The US dollar was headed for its biggest monthly gain in nearly a year, supported by the growing chances of rate rises and optimism about the US economy, as investors watched developments in the Gulf ahead of a key jobs report later this week.

US and Iran traded fresh attacks over the weekend before they agreed to stop and meet in Qatar on Tuesday, leaving investors nervous about the declared ceasefire and nudging oil prices higher. The euro edged up 0.2% to $1.1399 after reaching a 13-month low against the dollar last week; it was on track for a 2.4% monthly decline.

Smallcaps and midcaps are outperforming the Nifty 50 in the recovery phase.@MVachhrajani decodes the trend in broader markets. pic.twitter.com/ia7uRP5IeA

— NDTV Profit (@NDTVProfitIndia) June 29, 2026

Stock Market News Today Live Updates: Broader indices outperform equity benchmarks. Here's why^ 

Stock Market News Today Live Updates: Shares of German IT services firm Nagarro SE surged more than 92% in Xetra pre-market trading on Monday after Persistent Systems Ltd. announced a €1.1 billion voluntary public takeover offer for the company. Xetra is a trading venue operated by the Frankfurt Stock Exchange.

The stock was indicated at €77.75, just shy of Persistent's €81 per share all-cash offer. This comes as Persistent offered a 140% premium to Nagarro's unaffected share price and a 94% premium to its three-month volume-weighted average price.

It has signed a share purchase agreement for a 21% stake, while support from Nagarro's management could take committed ownership to 30-35%. Persistent Systems management said it remains confident of crossing the 50% acceptance threshold required to complete the acquisition.

READ MORE: Nagarro Shares Jump 92% In Xetra Pre-Market After Persistent's Takeover Bid; Deal Risks Remain In Focus

Stock Market News Today Live Updates: Japan's Nikkei bucked the trend and reversed course to settle higher as chip-related shares cut losses. The Nikkei closed 0.15% higher at 69,468.11, after falling as much as 1.97% earlier ‌in the ⁠session. ⁠The broader Topix rose 0.47% to 3,982. Hong Kong Hang Seng Index advanced 1.82% higher in the final hour of trade, while the mainland's CSI 300 was up 1.21% at 4,926.92. 

Stock Market News Today Live Updates: Sensex dropped over 400 points to trade near 76,708 mark, while the Nifty 50 fell over 100 points to trade below the 24,000 level in afternoon trade. Nifty Pharma, Metal, and Healthcare trade in green, while Nifty Auto and Nifty IT are among the top drags. Nifty PSU Bank, Nifty Media, and Nifty Oil & Gas also log deep cuts.

BSE Sensex intraday levels
Photo Credit: BSE

Stock Market News Today Live Updates: In the current market scenario, Sanjay Mookim, Head of India Equity Research at JP Morgan believes that given India's status as a duration asset with multi-year earnings growth potential, 'investors can happily buy a bunch of 'largecaps' and wait patiently for earnings to compound'.

The market expert noted that mid-cap and small-cap companies act as a "beta" to overall economic growth. Until there is a broader economic acceleration, large-cap banks and select blue-chip stocks remain the more confident bet for steady compounding. 

READ MORE: Valuation Comfort: JPMorgan's Mookim Favors India's Large-Cap For Steady Earnings Compounding

 

Stock Market News Today Live Updates: European shares were steady on Monday, underpinned by gains in technology stocks, while investors mulled over the outlook of a fragile ceasefire in the Middle East after the United States and Iran agreed to halt the latest bout of hostilities.

The pan-European STOXX 600 index held its ground at 636.13 points by 0709 GMT, with technology stocks leading sectoral gains with a 1.1% rise. Nagarro soared 90% after India's Persistent offered €81 per share to acquire the AI-led digital engineering firm.

Stock Market News Today Live Updates: Nifty falls 100 points to trade below 23,950 mark at day's low. Sensex drops 400 points amid tech sell-off. Nifty Auto among top losing sectors. Pharma stocks rally as Dr Reddy's, Cipla, Max Healthcare among top Nifty 50 gainers. Kotak Mahindra Bank, Tata Motors, M&M among top Nifty 50 losers. Check out the top Sensex movers:

Sensex gainers and losers

Stock Market News Today Live Updates: Discount brokerage Zerodha has applied for a merchant banking licence with the Securities and Exchange Board of India. The application, filed on April 27, is currently under review, according to SEBI data.

Confirming the move, a Zerodha spokesperson said, "We have filed an application for the merchant banking (Category 1) licence with SEBI." The spokesperson added, "We'll be able to share more about our business plans once we receive the licence."

Stock Market News Today Live Updates: India has regained its position as the world's fifth-largest equity market by market capitalisation after recent corrections in Taiwan and South Korea dragged both markets below the $5 trillion mark.

India's total market capitalisation currently stands at $5.05 trillion, ahead of Taiwan ($4.97 trillion) and South Korea ($4.66 trillion). The US continues to be the world's largest equity market, followed by China, Japan and Hong Kong.

The reshuffle comes after sharp profit-booking in Taiwanese and South Korean equities, particularly in technology and semiconductor stocks that had rallied strongly earlier this year on optimism around artificial intelligence (AI).

READ MORE: India Back In Global Top Five Stock Markets As Taiwan, South Korea Fall Below $5 Trillion

Stock Market News Today Live Updates: Shares of Reliance Infrastructure Ltd. (formerly Reliance Energy Ltd.) dropped 5% on Monday, June 29, after capital markets regulator Securities and Exchange Board of India (SEBI) rejected applications by industrialist Anil Ambani and his corporate group to settle allegations of misusing company funds. Shares of the small-cap stock currently trading under Rs 100 dropped 5% in early trade.

On Monday, shares of the ADAG stock opened at Rs 73.61 against a previous close of Rs 77.48 and extended losses to drop 5% at an intraday low. Shares of Reliance Infra have dropped 5% in one week, 53% on a year-to-date basis and 83% in the last one year. However, it has gained 15% in one month. The Anil Ambani-led firm commands a market cap of Rs 3,007.93 crore. 

Reliance Infra share price intraday

READ MORE: Small-Cap Stock Under Rs 100: Reliance Infra Share Price Falls 5% As SEBI Rejects Settlement Plea

Stock Market News Today Live Updates: The 30-share BSE Sensex dropped 150 points to 76,946,91, while the Nifty 50 traded 50 points below 24,027. The top sectoral drags were Auto and IT, while defensive majors such as pharma and healthcare stocks rallied despite volatility.

Stock Market News Today Live Updates: Kotak Mahindra Bank shares fell over 3% on Monday after MD and CEO Ashok Vaswani decided not to seek reappointment after his current term ends later this year, citing personal reasons. In an exchange filing on Saturday, the private sector lender said Vaswani's current term will conclude on Dec. 31, 2026. The bank said he decided against seeking another term for personal reasons. Despite the surprise exit, brokerages Nomura and Jefferies retained their 'Buy' ratings on the stock. 

Stock Market News Today Live Updates: Asian markets were mixed on Monday as selling of artificial intelligence-related shares pulled benchmarks in Japan and South Korea lower, though gains for other stocks helped offset those losses.

• Tokyo's Nikkei 225 shed 1% to 68,704.70, after falling 4.2% on Friday. SoftBank Group, the multinational investment holding company which invests in OpenAI, sank 5.9% following a 12.5% drop on Friday. South Korea's Kospi lost 2% to 8,246.50. It was down 5.8% on Friday. Samsung Electronics sank 6%, while memory chipmaker SK Hynix fell 4.5%.
• Taiwan's Taiex, also a beneficiary of the global AI boom thanks to its many tech companies including chipmaker TSMC, gained 1.1% as it recovered some losses from its 3.6% decline on Friday. Hong Kong's Hang Seng gained 2.1% to 23,153.89, while the Shanghai Composite index edged 0.2% higher to 4,034.08. Australia's S&P/ASX 200 rose 0.4% to 8,798.00.
• Japan's and South Korea's markets have soared as many of their Big Tech firms were lifted by demand for computer chips and other high-valued components used in artificial intelligence. Recent worries over AI valuations have trimmed some of those gains.

Stock Market News Today Live Updates: Waaree Energies Ltd. shares fell as much as 4.95% in intraday trade on Monday before recovering some losses to trade 3.3% lower, even after the company issued a clarification on reports surrounding a US Customs investigation into its exports.

The solar module maker said media reports had been "misread and overdone" and maintained that the issue does not pose a material risk to its business. It added that there has been no disruption to its US operations, manufacturing, customer deliveries or commercial activities.

Waaree Energies share price intraday

Stock Market News Today Live Updates: Pharma, healthcare top gainers; IT stocks drag

Nifty 50 sectoral indices
Photo Credit: NSE

Stock Market News Today Live Updates: With crude oil prices back at pre-war levels, a fresh note by Jefferies has outlined a clear pairs trade for Indian equity investors.

• The brokerage suggests accumulating underperforming oil marketing companies, cement leaders, a financial holding company and a leading two-wheeler maker, while trimming exposure to BSE and pharma exporters that have already seen a strong run-up.
• BPCL and IOCL are the brokerage's top calls among the underperformers. Both stocks have lagged the broader market significantly since late February, even as the crude backdrop turned sharply in their favor. 

READ MORE: Jefferies Says It's Time To Sell BSE, Turns Bullish On BPCL, IOCL, Bajaj Finserv And TVS

Stock Market News Today Live Updates: HDFC Bank board likely to recommend re-appointing Jagdishan as CEO for 3 years, sources told NDTV Profit. Jagdishan earlier said keen on continuing as bank CEO. The stock traded 0.60% higher at Rs 801.10 apiece on the NSE.

HDFC Bank board likely to recommend re-appointing Jagdishan as CEO for 3 years, as per sources. @PiyushS_07 pic.twitter.com/4U8SB7fWgW

— NDTV Profit (@NDTVProfitIndia) June 29, 2026

Stock Market News Today Live Updates: Turtlemint Fintech shares debut at 11% discount to IPO price. Turtlemint Fintech lists at Rs 134.90 on NSE and Rs 136.20 on BSE against an issue price of Rs 152. Turtlemint shares listed at a 10% discount on BSE and 11% discount on NSE compared to the issue price.

READ MORE: Turtlemint Opens Weak On D-Street; Shares Slip Over 10% From IPO Listing Price

Stock Market News Today Live Updates: D-Street cautious of Persistent-Nagarro deal

• Persistent Systems shares fell as much as 9.13% in intraday trade on Monday, to its lowest level since April 2025, after the company announced a €1.1 billion (around Rs 11,820 crore) acquisition of Frankfurt-listed IT services firm Nagarro, marking its biggest-ever overseas acquisition.
• The acquisition, structured as a voluntary public takeover offer at €81 per share, values Nagarro at about 1.3 times enterprise value-to-sales.
• Persistent has already secured a 21% stake through a binding agreement with Nagarro's largest shareholder and expects to complete the transaction by Q4CY26 or Q1CY27.
   
  

  Persistent Systems Shares Drag

   

READ MORE: Persistent Systems' Shares Slide 9% After Nagarro Deal; Here's Why Brokerages Are Split 

Stock Market News Today Live Updates: Top gainers, losers

• From the 30-Sensex firms, Kotak Mahindra Bank, Mahindra & Mahindra, Adani Ports, InterGlobe Aviation, HCL Tech and Reliance Industries were among the major laggards. Eternal, Trent, Asian Paints and Tech Mahindra were among the gainers.
• The 30-share BSE Sensex declined 63.65 points to 77,047.63 during initial trading. The 50-share NSE Nifty went marginally up by 16.55 points to 24,070.20. Later, the BSE benchmark dropped 246.54 points to 76,853.93, and the Nifty dipped 50.55 points to 24,005.45.

Stock Market News Today Live Updates: Devarsh Vakil, Head of Prime Research at HDFC Securities said that the Indian rupee gave up its intraweek gains to end marginally weaker at 94.40 against the US dollar, compared with 94.33 in the previous week.

The IMD had projected aggregate seasonal rainfall (June-September) at 90% of the Long Period Average, placing it firmly in the "below normal" category. El Nino threatens to push food inflation higher while compressing rural incomes, as per analysts.

Investors would do well to keep these risks in mind and maintain an underweight allocation to stocks with significant exposure to rural income. For now, HDFC Securities favours the BFSI space, with a particular preference for banks.

Recent policy measures by the government and the RBI are expected to attract substantial capital into the country, compress the cost of capital, and create a conducive environment for BFSI earnings growth.

Nifty is facing resistance at the downward-sloping trendline, and a decisive move above 24,262 could trigger further upside towards 24500 and higher, according to the brokerage.

Stock Market News Today Live Updates: Nifty traded in a narrow range, while Sensex oscillated between gains and losses amid volatility surrounding the Middle East geopolitical tensions. Sensex declined 63.65 points to 77,047.63 in early trade while the Nifty 50 was marginally up by 16.55 points to 24,070.20. Broader indices traded flat.

Stock Market News Today Live Updates: The Indian benchmark indices traded in a narrow range in early trade on Monday, with Sensex and Nifty 50 oscillating between gains and losses amid volatility. The Nifty 50 benchmark pared early gains to test the 24,000-level, while Sensex dropped over 200 points after opening in green. Broader indices traded flat.

Stock Market News Today Live Updates: Technical factors for support

''We will start the day hoping that Thursday's bearish momentum will ease without breaching the 24000-23965 region. The 24240-objective pencilled in for last week, having reached, a consolidation is favoured before attempting the next leg of upmove aiming 24600. We do not expect a collapse though in the meantime, with several supports lined up to prevent an outright fall,'' said Anand James, Chief Market Strategist, Geojit Investments Ltd

Nifty opens above 24,000-mark

For more stock market updates, visit: https://t.co/sXBh75Zzrd pic.twitter.com/68WXquj5I0

— NDTV Profit (@NDTVProfitIndia) June 29, 2026

Stock Market News Today Live Updates: Nifty 50 opened for trading above the 24,000-mark, Sensex up 50 points. Analysts expected D-Street to open with a positive bias despite global jitters. Broader indices were down as mid and small-cap indices opened flat. Rupee rose 20 paise to 94.25 against US dollar in early trade.

 Stock Market News Today Live Updates: Stocks on NDTV Profit's Watchlist

Here are the stocks on Profit's Watchlist today. #NDTVProfitStocks

For more, watch NDTV Profit 📺 pic.twitter.com/bC08Jf0aNr

— NDTV Profit (@NDTVProfitIndia) June 29, 2026

Stock Market News Today Live Updates: HDFC Bank received a fresh vote of confidence from global brokerages after an independent legal review concluded that allegations made by former independent director Atanu Chakraborty were not substantiated.

The review, conducted by US law firm Wilson Sonsini Goodrich & Rosati and Indian law firm Wadia Ghandy & Co., found no evidence to support the concerns raised in Chakraborty's resignation letter.

The three-month investigation examined thousands of documents, including board and committee meeting minutes, agenda papers, and interviews with independent directors, the bank's Managing Director & CEO, and senior management.

READ MORE: HDFC Bank Remains 'Top Pick' For Brokerages As Concerns Ease After Independent Legal Review

Stock Market News Today Live Updates: India's IT sector is facing fresh pressure after Morgan Stanley, Goldman Sachs and Citi lowered target prices across several large- and mid-cap IT stocks, citing weak demand, slowing earnings growth and limited near-term catalysts for a sector re-rating.

Heavyweights TCS, Infosys, HCLTech received target price cuts from global brokerages. Coforge and Mphasis remain among the preferred picks, while weak demand, AI-led investments, wage hikes and margin pressures continue to weigh on the broader sector outlook.

READ MORE: Double Trouble For IT Stocks: 24% Target Cuts, Weak Growth Seen Ahead. But One Stock Bucks The Trend

Stock Market News Today Live Updates: Overall, the technical setup remains constructive with a mildly bullish bias. However, the market is currently consolidating below a crucial resistance zone, and a decisive breakout above 24,200-24,250 will be necessary to revive stronger upside momentum. Until then, range-bound trade with stock-specific action is likely to dominate. The immediate range for Nifty is expected between 23,800 and 24,250, with a breakout on either side determining the next directional move, according to Choice Broking.

Stock Market News Today Live Updates: Aakash Shah, Technical Analyst at Choice Broking said that from a technical standpoint, momentum indicators suggest consolidation with a positive bias. Nifty formed a small bearish candle with a long upper shadow on the daily charts, indicating rejection at higher levels and continued supply near overhead resistance.

• Nifty failed to sustain above the falling resistance trendline connecting the April and June swing highs and also slipped below the 100-day EMA on a closing basis. However, it continues to trade comfortably above its short- and medium-term moving averages, which remain upward sloping.
• The RSI remained steady at 56.97 with a positive crossover, while the MACD stayed above the signal line despite further contraction in the green histogram bars. This indicates moderation in momentum rather than a reversal of trend.

Stock Market News Today Live Updates: Domestic and global brokerages issued fresh views on HDFC Bank, CG Power, Astral, GMR Airports, Eternal, Yes Bank, One 97 Communications alongside commentary on India strategy, IT sector, insurance, and financial sector.

Jefferies on HDFC Bank

• Maintain Buy with TP of Rs 1050.
• Law Firms Review Doesn't See Evidence to Back ex-Chairman's Comments.
• This is a relief for investors and may lay the path for bank to appoint new Chairman.
• Valuations are attractive; Stays among top picks.

READ MORE: Stock Picks Today: HDFC Bank, CG Power, Astral, Eternal, Yes Bank, IT Companies, And More On Brokerages' Radar 

Stock Market News Today Live Updates: Hitesh Tailor, Research Analyst at Choice Broking said Nifty 50 has immediate support below 24,000 levels.

On the upside, immediate resistance levels are placed at 24,400 and 24,500. A sustained move above these levels could trigger fresh buying momentum and strengthen the ongoing recovery. On the downside, support is seen at 23,900 and 23,800.

''A breakdown below the 23,800 zone may invite renewed selling pressure and weaken the current technical structure. Considering the prevailing setup, traders are advised to maintain a stock-specific approach while following strict risk management amid continued market consolidation,'' said Taylor.

• Support Levels: 23,900 - 23,800
• Resistance Levels: 24,400 - 24,500
• Overall Bias: Sideways to Bullish

Stock Market News Today Live Updates: Asia-Pacific markets traded mixed in early trade on Monday following the latest developments in the Middle East.

• Japan's Nikkei 225 slipped 0.35% while the Topix rose x0.43%.
• The Kospi dropped 2.29% at open, while the small-cap Kosdaq added 0.97%.
• Australia's benchmark S&P/ASX 200 was 0.41% higher.

 Read More: Asian Markets Today: South Korea's Kospi Drops Over 2%, Japan's Nikkei Falls On Fresh US-Iran Tensions

Stock Market News Today Live Updates: After the tech selloff in US markets and fresh US-Israel-Iran geopolitical tensions, domestic benchmark indices Sensex and Nifty 50 are poised for a muted start on Monday. GIFT Nifty on the NSE IX traded lower by 2 points, or 0.1%, at 24,093, signaling that Dalal Street was headed for a muted start to start the week on a cautious note.

Stock Market News Today Live Updates: Hello and welcome to NDTV Profit's live coverage of stock market news today, with the top market directions in India, Asia Pacific and the West. From pre-market signals to the most buzzing stocks in trade, we bring you all top developments from D-Street to keep you updated throughout the day.

Stay tuned to NDTV Profit for all back-to-back live updates of the Indian stock market, trending stock calls, global indices and company announcements on Monday, June 29, 2026.