Indian equity markets are closed today, Friday, June 26, for the Muharram public holiday, even as global cues remain mixed following a sharp tech-led sell-off on Wall Street overnight. Here’s everything you need to know about markets this morning.
📈 Indian Stock Market Today
Indian stock markets — BSE and NSE — remain shut on Friday, June 26, 2026, in observance of Muharram. The next trading session resumes on Monday, June 29. On Thursday, both benchmark indices closed in the green as easing geopolitical tensions around the Iran conflict and a sharp fall in crude oil prices lifted sentiment. The Nifty 50 gained 127.50 points (0.53%) to close at 24,149.15, while the Sensex rose 400.73 points (0.52%) to 77,391.95. Top gainers included Mahindra & Mahindra (+3.85%), Maruti Suzuki (+3.81%), and Nestle India (+1.97%). Power Grid (-2.20%), Tech Mahindra (-1.49%), and Bharti Airtel (-1.46%) were the key laggards. Institutional flows remained supportive — FIIs were net buyers of ₹383.76 crore while DIIs pumped in a strong ₹5,747.75 crore on June 25.
₿ Crypto Market Update
Bitcoin (BTC) continues its slide, opening at $60,983 (approximately ₹57.5 lakh) on Thursday — down 2.7% from Wednesday’s open and trading well below the $65,000 mark seen earlier in June. Ethereum (ETH) also weakened, opening at $1,619.51 (~₹1.53 lakh), a drop of 2.8% over 24 hours. The extended crypto bear market in June 2026 is being attributed to significant ETF outflows, a potential delay in the US CLARITY Act (a key crypto regulation bill), and capital rotation from digital assets into AI-related stocks. Bitcoin is now trading at multi-month lows, with $58,000 emerging as the next key support level to watch.
💰 Today’s Key Rates at a Glance
| Asset | Price | Change |
|---|---|---|
| Nifty 50 | 24,149.15 | +0.53% (Thu close) |
| Sensex | 77,391.95 | +0.52% (Thu close) |
| Bitcoin (BTC) | ₹57.5L / $60,983 | -2.70% (24hr) |
| Ethereum (ETH) | ₹1.53L / $1,619 | -2.80% (24hr) |
| Gold (10g) | ₹1,41,460 | +0.13% |
| Silver (1kg) | ₹2,35,000 | -4.08% |
| USD/INR | ₹94.29 | -0.19% |
| Crude Oil (Brent) | $73.43 | -0.60% |
📰 Top 5 Financial News Stories This Morning
- Indian Markets Shut for Muharram; Next Session on June 29 — BSE and NSE are closed on Friday, June 26, for the Muharram public holiday, giving markets a forced breather after Thursday’s gains. MCX will observe a partial trading halt while NCDEX will remain closed for the full day. Investors should note that any global triggers over the weekend could influence Monday’s open significantly.
- US-Iran Ceasefire Sends Brent Crude Crashing Below $74 — Following a landmark US-Iran ceasefire agreement, tanker movement through the Strait of Hormuz has resumed, sending Brent crude oil tumbling to $73.43 — its lowest level since February 2026 and down over 42% from the April peak of $126/barrel. This is a major positive for India, the world’s third-largest oil importer, as cheaper crude eases the current account deficit and reduces fuel import costs.
- Emirates NBD to Invest ₹26,000 Crore for 60% Stake in Indian Private Bank — In a landmark deal for India’s banking sector, UAE-based Emirates NBD is set to acquire a controlling 60% stake in an Indian private lender for approximately ₹26,000 crore ($2.75 billion). The deal underscores growing Gulf investor interest in India’s financial sector and could boost sentiment in banking stocks when markets reopen on Monday, June 29.
- Global Tech Sell-Off: Nasdaq Slides 2.21%, Chip Stocks Lead Losses — Wall Street faced heavy selling pressure as semiconductor stocks triggered a broad tech rout. The Nasdaq Composite fell 2.21% to 25,587, while the S&P 500 dropped 1.44% to 7,365. South Korean chip giants Samsung and SK Hynix each fell over 4%, with European chipmakers ASMI and STMicroelectronics also hit hard. Indian IT and tech stocks could face pressure when trading resumes on June 29.
- Bitcoin Bear Market Deepens as CLARITY Act Faces Delay — The broader crypto market remains under intense pressure as Bitcoin slips further below $61,000, now at its lowest level in months. Key bearish drivers include significant ETF outflows, uncertainty around the US CLARITY Act crypto regulatory framework, and investor capital rotating out of digital assets and into AI stocks. Indian crypto investors are watching closely for any reversal signals near the $58,000 support zone.
🔍 What to Watch Today
With Indian markets closed today for Muharram, here are the key triggers to track ahead of Monday, June 29: (1) US PCE Inflation Data (due Friday, US time) — the Fed’s preferred inflation gauge that could significantly shift rate hike expectations and global risk sentiment heading into next week; (2) Crude Oil Movement — any further decline in Brent below $70 would be a major positive for India’s trade deficit and market outlook on Monday’s open; (3) Emirates NBD-India Bank Deal Official Announcement — confirmation of the target lender’s identity could trigger sharp moves in banking and financial sector stocks when markets resume on June 29.
Data sourced from live market feeds. Last updated: 08:00 AM IST, 26 June 2026. Note: Indian stock markets (BSE/NSE) are closed today for Muharram — data reflects Thursday’s close. This is for informational purposes only and not investment advice.
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